Etsy Removed From the S&P 500. What's Next for This Beaten-Down Stock Now That It's Out?

In September 2020, e-commerce company Etsy (NASDAQ: ETSY) was included in the S&P 500 -- an index of about 500 of the biggest, most profitable U.S. companies. Indeed, 2020 was a bumper year for the company, with revenue more than doubling from 2019. The booming business earned about $350 million in net income from the year, which is likely why it was deemed a good candidate for the S&P 500.According to a recent study by McKinsey, a company stays in the S&P 500 for about 16 years after initially earning inclusion. But Etsy didn't even come close to this number. S&P Global has announced that Etsy is getting removed from the index on Sept. 23 -- just four years after joining.Etsy stock is down more than 80% from its all-time high reached in 2021. And if that's not discouraging enough, shareholders now have to deal with its short-lived tenure in the S&P 500. But this news surprisingly predicts better days right around the corner. Here's why.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool