SPY ETF Update, 11/23/2023  
Market News

SPY ETF Update, 11/23/2023  

Story Highlights

Let’s take a quick glance 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 0.86% in the past 5 days and has risen about 21% year-to-date.  

According to TipRanks’ unique ETF analyst consensus, determined according to a weighted average of its holdings’ analyst ratings, SPY is a Moderate Buy. The Street’s average price target of $504.95 implies an upside of 11%. 

Currently, SPY’s five holdings with the highest upside potential are Bio-Rad Laboratories (BIO), General Motors (GM), Moderna (MRNA), Warner Bros. Discovery (WBD), and Albemarle (ALB). Its five holdings with the greatest downside potential are Robert Half International (RHI), Intel (INTC), Expeditors International (EXPD), Whirlpool (WHR), and Seagate (STX).

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

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Disclosure  

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