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SPY ETF Update, 11/29/2024  
Market News

SPY ETF Update, 11/29/2024  

Story Highlights

Let’s take a quick look at how the SPDR S&P 500 ETF Trust has been performing.

How is SPY stock faring? The SPDR S&P 500 ETF Trust  is down 0.21% in the past 5 days but has risen about 27% year-to-date.

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According to TipRanks’ unique ETF analyst consensus, determined based on a weighted average of its holdings’ analyst ratings, SPY is a Moderate Buy. The Street’s average price target of $659.30 implies an upside of more than 10.1%. 

Currently, SPY’s five holdings with the highest upside potential are Moderna (MRNA), Micron (MU), AES Corp. (AES), Biogen (BIIB), and Monolithic Power (MPWR).

Meanwhile, its five holdings with the greatest downside potential are Palantir (PLTR), Tesla Motors (TSLA), Paycom (PAYC), Wells Fargo (WFC), and Franklin Resources (BEN).

Revealingly, SPY’s ETF Smart Score is seven, implying that this ETF is likely to perform in line with the market.

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