Block Inc. (XYZ) Jumps 7% on S&P 500 Inclusion

We recently published 10 Resilient Stocks Defying Market Sentiment. Block, Inc. (NYSE:XYZ) is one of Monday’s biggest gainers.

Block Inc. rallied for a fourth straight day on Monday, adding 7.22 percent to close at $78.08 apiece as investor sentiment was bolstered by its inclusion in the S&P 500 index.

Effective Wednesday, July 23, Block, Inc. (NYSE:XYZ) will begin as a component of the S&P 500 index, replacing energy company Hess Corp. following its $55 billion merger with oil giant Chevron.

Companies added to market indices during the latest rebalancing activities usually pop higher as index-tracking funds are required to add them to their portfolios.

Additionally, getting included in a market index is typically considered a milestone for listed companies as it bolsters their visibility among institutional and retail investors.

Based on its historical earnings reporting dates, Block, Inc. (NYSE:XYZ) will announce the results of its second quarter performance in the first week of August 2025.

According to Block, Inc. (NYSE:XYZ), it expects gross profit for the second quarter of the year to grow by 9.5 percent year-on-year to $2.45 billion.

While we acknowledge the potential of XYZ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.