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SPY ETF Update, 7/16/2024

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

SPY ETF Update, 7/16/2024

How is SPY stock faring? The SPDR S&P 500 ETF Trust  is down 0.12% in the past 5 days and has risen about 19.6% 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 $619.30 implies an upside of more than 11%. 

Currently, SPY’s five holdings with the highest upside potential are Aptiv (APTV), AES (AES), Wynn Resorts (WYNN), Warner Bros. Discovery (WBD), and United Airlines Holdings (UAL). 

Meanwhile, its five holdings with the greatest downside potential are Loews (L), Altria Group (MO), Charter Communications (CHTR), Expeditors International (EXPD), and Tesla (TSLA).

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

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