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SPY ETF Update, 10/1/2024  
Market News

SPY ETF Update, 10/1/2024  

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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 down 0.03% in the past 5 days but has risen about 21.4% year-to-date.

Pick the best stocks and maximize your portfolio:

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 $626.15 implies an upside of more than 9%. 

Currently, SPY’s five holdings with the highest upside potential are Moderna (MRNA), Schlumberger (SLB), Dexcom (DXCM), Halliburton (HAL), and Super Micro Computer (SMCI).

Meanwhile, its five holdings with the greatest downside potential are Palantir (PLTR), Tesla Motors (TSLA), Allegion (ALLE), Caterpillar (CAT), and AFLAC (AFL).

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

Power up your ETF investing with TipRanks. Discover the Top Equity ETFs with High Upside Potential, carefully curated based on TipRanks’ analysis.     

Disclosure  

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