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SPY ETF Update, 7/8/2024  
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SPY ETF Update, 7/8/2024  

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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 0.91% in the past 5 days and has risen about 17.4% 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 $601.87 implies an upside of more than 9%. 

Currently, SPY’s five holdings with the highest upside potential are Albemarle (ALB), Aptiv (APTV), Builders Firstsource (BLDR), Warner Bros. Discovery (WBD), and United Airlines Holdings (UAL). 

Meanwhile, its five holdings with the greatest downside potential are Loews (L), Arista Networks (ANET), Teradyne (TER), 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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Disclosure  

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