Jacobs Solutions Spin-Off Forms New Company, Amentum Holdings

  • Amentum to replace Bath & Body Works in S&P 500
  • Jacobs Solutions spinning off two segments to form Amentum Holdings
  • Bath & Body Works moving to S&P SmallCap 600
  • Palantir Technologies and Dell Technologies join S&P 500

Amentum, an engineering and tech-services firm, will replace Bath & Body Works on the S&P 500 index. Jacobs Solutions is spinning off two segments to form a new company called Amentum Holdings, which will work with government agencies in various fields such as defense, space, and energy. Meanwhile, Bath & Body Works will move to the S&P SmallCap 600. Palantir Technologies and Dell Technologies join the S&P 500 index.

Factuality Level: 8
Factuality Justification: The article provides accurate information about the changes in the S&P 500 index with clear details about Amentum replacing Bath & Body Works and Movado Group Inc. moving to different market spaces. It also includes relevant financial data for Bath & Body Works and mentions Palantir Technologies and Dell Technologies joining the S&P 500 Index.
Noise Level: 3
Noise Justification: The article provides relevant information about a corporate reshuffling in the stock market involving Amentum, Bath & Body Works, and Movado Group. It reports on changes to the S&P 500 and SmallCap 600 indices without any irrelevant or misleading information. The news is factual and stays on topic, providing actionable insights for those who follow these companies’ stocks. However, it lacks in-depth analysis or exploration of long-term trends or consequences of the changes.
Public Companies: Bath & Body Works (BBWI), Movado Group Inc. (MOV), Jacobs Solutions Inc. (J), Amentum Holdings (AMTM), Palantir Technologies Inc. (PLTR), Dell Technologies Inc. (DELL)
Private Companies: Amentum
Key People:

Track all markets on TradingView

Financial Relevance: Yes
Financial Markets Impacted: S&P 500, S&P SmallCap 600, New York Stock Exchange
Financial Rating Justification: The article discusses changes in the composition of the S&P 500 and S&P SmallCap 600 indices, as well as the stock exchange where Amentum Holdings will trade. It also mentions the performance of Bath & Body Works and Movado Group Inc., which impacts their positions within these financial markets.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the text.
Move Size: No market move size mentioned.
Sector: Technology
Direction: Up
Magnitude: Medium
Affected Instruments: Stocks

Reported publicly: www.marketwatch.com