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SPY ETF Update, 1/31/2024
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SPY ETF Update, 1/31/2024

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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 up 0.58% in the past 5 days and has risen 22.6% 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 $528.63 implies an upside of 7.7%.  

Currently, SPY’s five holdings with the highest upside potential are Marathon Oil (MRO), Baker Hughes Company (BKR), Warner Bros (WBD), Newmont Mining (NEM), and First Solar (FSLR). Its five holdings with the greatest downside potential are Expeditors International (EXPD), Robert Half International (RHI), West Pharmaceutical Services (WST), United Rentals (URI), and Whirlpool (WHR). 

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.    

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