SPY ETF Update, 6/17/2024  
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SPY ETF Update, 6/17/2024  

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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 up 0.24% in the past 5 days and has risen about 14.6% year-to-date.

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 $598.11 implies an upside of more than 10%. 

Currently, SPY’s five holdings with the highest upside potential are Amphenol (APH), Global Payments (GPN), Schlumberger (SLB), Warner Bros. Discovery (WBD), and Aptiv (APTV). 

Meanwhile, its five holdings with the greatest downside potential are Loews (L), Mettler-Toledo (MTD), Teradyne (TER), Expeditors International (EXPD), and Qualcomm (QCOM).

Revealingly, SPY’s ETF Smart Score is eight, implying that this ETF is likely to outperform the market. 

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Disclosure  

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