tiprankstipranks
SPY ETF Update, 1/8/2024 
Market News

SPY ETF Update, 1/8/2024 

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 0.46% in the past 5 days but has risen 22% over the past year.  

Don't Miss our Black Friday Offers:

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 $516.93 implies an upside of 10%.  

Currently, SPY’s five holdings with the highest upside potential are Bio-Rad Laboratories (BIO), Bunge (BG), Warner Bros (WBD), United Airlines (UAL), and Delta First Solar (FSLR). Its five holdings with the greatest downside potential are Whirlpool (WHR), Robert Half International (RHI), Ansys (VTRS), Expeditors International (EXPD), and Franklin Resources (BEN). 

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
TheFlyBunge expands share repurchase program by $500M
TipRanks Auto-Generated NewsdeskBunge Limited Reports Q3 2024 Results and Strategic Moves
TheFlyBunge reports Q3 adjusted EPS $2.29, consensus $2.15
Go Ad-Free with Our App