- Block rose 7% Monday after S&P Global said the fintech company will replace Hess in the S&P 500.
- Passive funds are expected to buy around 101 million shares ahead of inclusion, according to Stephens.
- Robinhood, up more than 345% over the past year, is still shut out of the S&P 500 despite having a market cap that is about double Block’s valuation.
