StandardAero (NYSE: SARO) will join the S&P MidCap 400 prior to market open on Jan 22, 2026, replacing Frontier Communications Parent (NASD: FYBR). The change was announced by S&P Dow Jones Indices and appears in the index reconstitution table as an addition for Industrials.
The release also notes Verizon (NYSE: VZ) is acquiring Frontier in a deal expected to close soon, pending final conditions.
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Positive
SARO added to S&P MidCap 400 effective Jan 22, 2026
Index inclusion may increase passive fund demand for SARO shares
Negative
FYBR deleted from S&P MidCap 400 effective Jan 22, 2026
News Market Reaction – VZ
+0.44%
+0.44%Session close to close
In the Jan 20 session, VZ gained 0.44%, reflecting a mild positive market reaction.
This announcement highlights StandardAero’s upcoming addition and Frontier Communications Parent’s r...
Analysis
This announcement highlights StandardAero’s upcoming addition and Frontier Communications Parent’s removal from the S&P MidCap 400, with Verizon already identified as a constituent of the S&P 500 and S&P 100. For Verizon, the context is its role as the acquirer, rather than a direct index change. Recent news has focused on marketing campaigns and conferences with modest stock reactions. Investors monitoring Verizon typically watch future transaction milestones, capital‑markets activity under its S-3ASR shelf, and upcoming earnings for clearer fundamental signals.
Key Figures
Index change effective date:Jan 22, 2026VZ price change:-1.35%Relative volume:1.12x+1 more
CEO speaking at Morgan Stanley Technology, Media & Telecom Conference.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Pattern Detected
Recent VZ headlines, including marketing campaigns and conference appearances, have generally led to modest single‑day moves within about +/-1%, indicating limited immediate price sensitivity to routine news.
Recent Company History
Over the last few months, Verizon’s news flow has focused on marketing initiatives, investor events, and scheduling. Promotions tied to the FIFA World Cup 2026™ and conference appearances on March 2 and March 10 coincided with modest moves, mostly under +/-1.5%. Even the earnings‑date announcement for April 27, 2026 saw little change. Against this backdrop, today’s index‑related announcement involving Verizon as an acquirer sits alongside a pattern of relatively muted price reactions to non‑fundamental headlines.
Key Terms
s&p midcap 400, s&p 500, s&p 100, dow jones industrial average, +1 more
The S&P MidCap 400 is a group of 400 companies that are smaller than the big, well-known corporations but larger than tiny startups. It helps investors see how medium-sized companies are performing in the stock market, acting like a barometer for this middle-sized group of businesses.
The S&P 500 is a broad stock market index that tracks the performance of 500 large U.S. companies, weighted so bigger firms have a larger impact. Investors use it like a thermometer or benchmark to judge how the overall U.S. stock market or a portfolio is doing; movements in the index influence investor sentiment, fund performance, and many passive investment products that aim to match its returns.
The S&P 100 is a stock market index that tracks the shares of 100 large, well‑established U.S. companies selected for size and ease of trading; think of it as a basket representing the biggest, most widely traded American firms. Investors use it as a quick read on how large‑cap, blue‑chip stocks are performing and as a benchmark for funds and derivatives; like checking the temperature of the largest businesses, movements in the index can influence portfolio choices and risk management.
dow jones industrial averagefinancial
"such as the S&P 500® and the Dow Jones Industrial Average®."
A stock market index that tracks the share prices of a small group of large, well-known companies to give a quick snapshot of how the broader market is doing. Think of it like a thermometer for the stock market: it uses a handful of heavyweight firms as representative samples to show whether investor sentiment is rising or falling, which helps investors gauge market trends and compare performance over time.
"Effective Date | Index Name | Action | Company Name | Ticker | GICS Sector"
GICS sector is one of the major industry groupings from the Global Industry Classification Standard, a system that sorts companies into consistent categories (like Technology or Health Care) based on the primary business they do. Investors use these sectors like folders in a filing cabinet to compare companies, build diversified portfolios, and track how whole parts of the market are performing rather than focusing on single stocks.
NEW YORK, Jan. 16, 2026 /PRNewswire/ -- StandardAero Inc. (NYSE: SARO) will replace Frontier Communications Parent Inc. (NASD: FYBR) in the S&P MidCap 400 effective prior to the opening of trading on Thursday, January 22. S&P 500 & S&P 100 constituent Verizon Communications Inc. (NYSE: VZ) is acquiring Frontier Communications Parent in a deal expected to close soon pending final conditions.
Following is a summary of the changes that will take place prior to the open of trading on the effective date:
Effective Date
Index Name
Action
Company Name
Ticker
GICS Sector
Jan 22, 2026
S&P MidCap 400
Addition
StandardAero
SARO
Industrials
Jan 22, 2026
S&P MidCap 400
Deletion
Frontier Communications Parent
FYBR
Communication Services
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/.
When will StandardAero (SARO) officially join the S&P MidCap 400?
SARO will join the S&P MidCap 400 effective prior to the open on Jan 22, 2026. According to S&P Dow Jones Indices, the addition replaces Frontier Communications Parent (FYBR) in the index reconstitution.
What does SARO joining the S&P MidCap 400 mean for shareholders?
Index inclusion often increases passive buying and liquidity for affected stocks. According to S&P Dow Jones Indices, SARO's entry could attract funds that track the MidCap 400, potentially raising trading volume and visibility.
Which company is being removed from the S&P MidCap 400 on Jan 22, 2026?
Frontier Communications Parent (NASDAQ: FYBR) will be deleted from the S&P MidCap 400 on Jan 22, 2026. According to S&P Dow Jones Indices, FYBR is the listed deletion in the index update table.
Will the Verizon (VZ) acquisition of Frontier affect the S&P index change?
The index change is independent but related: SARO replaces FYBR ahead of market open on Jan 22, 2026. According to S&P Dow Jones Indices, Verizon's planned acquisition of Frontier is expected to close soon, pending final conditions.
How should investors track the SARO addition to the MidCap 400 on Jan 22, 2026?
Monitor pre-market notices and fund rebalancing on Jan 22, 2026 for SARO inclusion. According to S&P Dow Jones Indices, the effective date is before the market open, so funds may execute trades at the open.
Does SARO's S&P MidCap 400 addition change its GICS sector classification?
No sector change is indicated: SARO is listed under the Industrials GICS sector in the Jan 22, 2026 table. According to S&P Dow Jones Indices, the addition keeps SARO classified as Industrials.
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