NJCU School of Business Launches Stock Index for Top 50 NJ Companies

NJCU School of Business Launches Stock Index for Top 50 NJ Companies

NJCU New Jersey 50 Index is an index of publicly traded equity securities designed to be a barometer of the Garden State's economy.

BAROMETER OF THE NEW JERSEY ECONOMY
Index Is a First for New Jersey and the Larger Tri-state Area That Is the Country’s Financial Hub

New Jersey City University’s School of Business has launched the NJCU New Jersey 50 Index  an index of publicly traded equity securities designed to be a barometer of the New Jersey economy. Developed by the NJCU School of Business and calculated by S&P Dow Jones Indices, the NJCU New Jersey 50 Index is a first for New Jersey and the larger tri-state area that is the country’s financial hub, and puts the New Jersey City University School of Business at the forefront of the exchange trade product industry.

While the S&P 500 reflects the broader domestic stock market, the NJCU New Jersey 50 Index will offer a focused perspective on the Garden State’s wide array of industries ranging from pharmaceuticals and healthcare to manufacturing, technology and transportation logistics as well as the companies behind them. Reflecting the health of the eighth largest GDP (gross domestic product) contributor in the U.S, the NJCU New Jersey 50 Index will serve as a report card for economic growth and job creation thereby making its movements of interest to investors, business leaders, economists, politicians and the general citizenry of New Jersey.

Much like the New Jersey economy, the index is a living reflection of the New Jersey economy and the companies that are powering it. From a list of more than 226 companies, the 50 companies comprising the index were selected based on the industry rank, average trading volume, revenue and profit prospects and employment in the state. The NJCU New Jersey 50 Index will be rebalanced on a quarterly basis, and the University will note any additions or deletions from organizations comprising the Index.

Link to the NJCU New Jersey 50 Index at S&P.

Link to the NJCU New Jersey 50 Index Page.

The NJCU New Jersey 50 Index may be used as a yard stick for the State’s overall health and speed of its economic growth as well as those of the businesses that populate it, according to Dr. Bernard McSherry, founding dean of the NJCU School of Business.

“This index is an invaluable resource that has the potential to inform investors of the tone of the State’s economy and give a clear indication of what’s happening in the areas of business growth and employment,“ Dean McSherry said.

He added, “Dissecting the index into its company holdings will reveal which industries are growing and thriving as well as those that are lagging. This information should be useful to businesses, news organizations and politicians among others inside the State.”

Dean McSherry announced that NJCU Adjunct Professor Christopher Versace, a chief investment officer of Tematica Research and journalist, will oversee the NJCU New Jersey 50 Index.

Students from the NJCU School of Business’ Student Investment Management (SIM) Group were given the unique opportunity to work on the creation of the index. Members of the SIM Group will continue to participate in the ongoing NJCU New Jersey 50 Index, working with Mr. Versace, the SIM advisor.

The NJCU New Jersey 50 Index will list companies, including:

COMPANY

TICKER

Aerie Pharmaceuticals, Inc.

AERI

American Water Works Co Inc

AWK

Ascena Retail Group Inc.

ASNA

Automatic Data Processing

ADP

Avis Budget Group Inc

CAR

B&G Foods Inc

BGS

Bard C.R. Inc

BCR

Becton Dickinson & Co

BDX

Bed Bath & Beyond Inc

BBBY

Bel Fuse Inc Cl A

BELFA

Burlington Stores Inc

BURL

Cambrex Corp

CBM

Campbell Soup Co

CPB

Cantel Medical Corp

CMD

Catalent Inc

CTLT

Celgene Corp

CELG

Children's Place, Inc

PLCE

Church & Dwight Co

CHD

Cognizant Tech Solutions Corp

CTSH

Dun & Bradstreet Corp

DNB

Honeywell Intl Inc

HON

Integra Lifesciences Hldg

IART

Investors Bancorp

ISBC

J&J Snack Foods

JJSF

John Wiley & Sons Inc. A

JW.A

Johnson & Johnson

JNJ

Lakeland Bancorp Inc

LBAI

Mack-Cali Realty Corp

CLI

Movado Group Inc

MOV

NRG Energy

NRG

New Jersey Resources Corp

NJR

PBF Energy Inc A

PBF

Pacira Pharmaceuticals Inc

PCRX

Phibro Animal Health Corporation A

PAHC

Pinnacle Foods Inc

PF

Provident Financial Services

PFS

Prudential Financial Inc

PRU

Public Service Enterprise Grp

PEG

Quest Diagnostics

DGX

Realogy Holdings Corp.

RLGY

Selective Insurance Group Inc

SIGI

Suburban Propane Partners LP

SPH

Synchronoss Technologies

SNCR

Universal Display Corp

OLED

Valley National Bancorp (NJ)

VLY

Verisk Analytics Inc

VRSK

Village Super Market Inc A

VLGEA

Vonage Holdings

VG

Wyndham Worldwide Corp

WYN

Zoetis Inc

ZTS

 

Print
Top