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Nasdaq 100 Slots Seen Opening for Lucid, Airbnb in 2021 Shake-Up

  • Fortinet, Palo Alto Networks, Zscaler and Datadog on Watchlist
  • Exchange set to announce annual changes to index late Friday

The annual shakeup to the Nasdaq 100 stock-market index may open up slots for Lucid Group Inc. and Airbnb Inc.

JPMorgan Chase & Co.’s Min Moon, the bank’s head of equity index research and program trading strategy, said in a report that the two could be added to the closely watched tech-heavy benchmark late Friday, when the Nasdaq exchange will announce annual membership updates to account for changes in market capitalization. Such moves take effect after the close of trading on Dec. 17.