The Vanguard S&P 500 ETF (VOO), which tracks the S&P 500 Index (SPX), fell 0.84% at Thursday’s market open. Overall, U.S. equities declined, weighed down by rising oil prices as traders monitored the latest developments in the Middle East.
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Forget margin or options. Here's how the pros trade AMZNAt the time of writing, the Dow Jones Industrial Average dropped 233 points, or 0.5%, while the S&P 500 and Nasdaq Composite fell 0.8% and 1.2%, respectively. Meanwhile, oil prices surged, with Brent futures climbing more than 4% to above $106 per barrel and West Texas Intermediate futures rising over 3% to above $93.
Overall, VOO has lost 3.03% over the past five days but has gained 15.48% over the past year.
VOO’s Top Holdings
Currently, VOO holds 507 stocks with total assets worth $840.59 billion. Its top positions are:
- Nvidia (NVDA) – 7.13%
- Apple (AAPL) – 6.62%
- Microsoft (MSFT) – 4.95%
- Amazon (AMZN) – 3.47%
- Alphabet (GOOGL) – 3.08%
VOO Price Forecast
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 $761.27 implies an upside of 27%.
Currently, VOO’s five holdings with the highest upside potential are:
Meanwhile, its five holdings with the greatest downside potential are:
Revealingly, VOO ETF’s Smart Score is seven, implying that this ETF will likely perform in line with the market.