Here's a Much Better Nasdaq-100 Stock to Buy Right Now Than SpaceX

Space Exploration Technologies (NASDAQ: SPCX) is set to be incorporated into the Nasdaq-100 index after the market closes on July 6. The Nasdaq-100 consists of the 100 largest non-financial companies by measure of market capitalization, and inclusion in the index can have a meaningfully positive impact on a company's stock price.Because funds that track the Nasdaq-100 need to purchase shares of SpaceX to accurately reflect the index's composition, there could be a significant near-term uptick in demand for the stock as a result of the index rebalancing. While its upcoming inclusion in the Nasdaq-100 could be a significant positive catalyst for SpaceX stock, I think there's a company already included in the index that stands out as a much better buying opportunity right now.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool