Mastercard Moves to the S&P 500 and 100

Big news. Now, all the index following funds will start accumulating MA.

Short term, however, this may be a killers. As with the oil names, when you short the S&P500, you're shorting the oils. This trade explains why the oil names have been flat-to-down last 5 weeks or so.

Now, if someone shorts MA, they will add selling pressure. Nonetheless, MA is still a BUY.

Standard & Poor's Announces Changes to U.S. Indices
Thursday July 10, 5:47 pm ET

NEW YORK, July 10 /PRNewswire-FirstCall/- Standard & Poor's will make the following changes to the S&P 500, S&P 100 and S&P SmallCap 600 indices:

-- MasterCard Inc. (NYSE: MA - News) will replace ACE Ltd. (NYSE: ACE - News) in the S&P 500, and MasterCard will replace General Motors Corp. (NYSE: GM - News) in the S&P 100 after the close of trading on Thursday, July 17. ACE is in the process of changing its place of incorporation to Switzerland, thus rendering it ineligible for inclusion in the S&P U.S. indices. General Motors will continue to be a member of the S&P 500.

http://biz.yahoo.com/prnews/080710/nyth143.html?.v=101