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

Jersey City, N.J., December 15, 2017 – 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:

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

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