The Vanguard S&P 500 ETF (VOO) rose 0.93% on Tuesday, supported by growing expectations of Federal Reserve rate cuts and upbeat earnings from retailers, including Kohl’s (KSS) and Best Buy (BBY). Sentiment remains positive, with the ETF up another 0.30% in pre-market trading.
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Importantly, the VOO ETF closely tracks the S&P 500 Index (SPX), which was up 0.91%, while the tech-heavy Nasdaq 100 (NDX) gained 0.58% on Tuesday.
Overall, the VOO ETF has gained 0.60% over the past five days, but is up 15.21% year-to-date.
VOO’s Key Holdings with Highest Upside/Downside Potential
According to TipRanks’ unique ETF analyst consensus, determined based on a weighted average of analyst ratings on its holdings, VOO is a Moderate Buy. The Street’s average price target of $724.91 implies an upside of 16.80%.
Currently, VOO’s five holdings with the highest upside potential are:
Meanwhile, its five holdings with the greatest downside potential are:
- Albemarle Corp. (ALB)
- Expeditors International (EXPD)
- Paramount Skydance (PSKY)
- Incyte (INCY)
- Tesla (TSLA)
Revealingly, VOO ETF’s Smart Score is seven, implying that this ETF will likely perform in line with the market.
Does VOO Pay Dividends?
Yes, VOO pays dividends, offering investors a source of regular income. The ETF distributes these payments every quarter to shareholders. They come from the dividends paid by the companies in the S&P 500. Since company payouts change over time, the dividend amount from VOO also varies each quarter.
VOO’s yield as of today is 1.14%.
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