Index Reconstitutions: Is there a trade?

A friend asked a very good trading idea question: Can we profit from additions and subtractions to stock indexes? The addition of TSLA was a very public event this year and definitely led to a bull run in that stock. What about other stocks that were added and removed this year?
Beyond Technical AnalysisCOTYCTLTETSYHRBKSSSPDR S&P 500 ETF (SPY) StocksTERTesla Motors (TSLA)

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