SPY ETF Update, 1/2/2024 
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SPY ETF Update, 1/2/2024 

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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 0.41% in the past 5 days but has risen 26.7% over the past year.  

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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 $513.72 implies an upside of 8.1%.  

Currently, SPY’s five holdings with the highest upside potential are Bio-Rad Laboratories (BIO), Halliburton (HAL), Warner Bros (WBD), United Airlines (UAL), and Delta Air Lines (DAL). Its five holdings with the greatest downside potential are Intel (INTC), Robert Half International (RHI), Franklin Resources (BEN), Expeditors International (EXPD), and Ansys (ANSS).

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

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