The Nasdaq is home to many of the best growth stocks in the world. But to join the Nasdaq 100 index is particularly exclusive, since as the name implies, it contains the top 100 (nonfinancial) stocks on the exchange.

Shares of Palantir Technologies, MicroStrategy, and Axon Enterprise traded lower in their first day on the Nasdaq 100 index.

Palantir Technologies (PLTR) stock is extending its pullback from all-time highs after its Nasdaq-100 (NDX) debut

Following a meteoric rise this year, software company Palantir Technologies Inc. PLTR and bitcoin buyer MicroStrategy Incorporated MSTR secured an inclusion in the Nasdaq 100. While Palantir’s shares have soared 369.

In this podcast, Motley Fool analyst Asit Sharma and host Ricky Mulvey discuss: Microstrategy 's entrance into the Nasdaq-100. How Apple is trying to kick-start growth. A burgeoning competitor to Uber and Lyft. Then, Motley Fool analyst Anthony Schiavone joins host Mary Long for a look at UPS and its frenemy relationship with Amazon.