tiprankstipranks
SPY ETF Update, 1/17/2024
Market News

SPY ETF Update, 1/17/2024

Story Highlights

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 0.62% in the past 5 days but has risen 22% over the past year.  

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 $521.07 implies an upside of 9.7%.  

Currently, SPY’s five holdings with the highest upside potential are Bio-Rad Laboratories (BIO), Bunge Limited (BG), Warner Bros (WBD), United Airlines (UAL), and First Solar (FSLR). Its five holdings with the greatest downside potential are Expeditors International (EXPD), Robert Half International (RHI), Viatris (VTRS), T Rowe Price (TROW), and Tyson Foods (TSN). 

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 

Related Articles
TheFlyBiden admin won’t finalize clean fuel guidance before exit, Reuters reports
TheFlyBunge expands share repurchase program by $500M
TipRanks Auto-Generated NewsdeskBunge Limited Reports Q3 2024 Results and Strategic Moves
Go Ad-Free with Our App