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SPY ETF Update, 12/16/2024  
Market News

SPY ETF Update, 12/16/2024  

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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 0.31% in the past 5 days but has risen about 28% year-to-date.

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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 $668.02 implies an upside of more than 10.6%. 

Currently, SPY’s five holdings with the highest upside potential are Biogen (BIIB), Celanese (CE), Uber Technologies (UBER), Regeneron (REGN), and Micron (MU)

Meanwhile, its five holdings with the greatest downside potential are Palantir (PLTR), Tesla Motors (TSLA), Paycom (PAYC), Garmin (GRMN), and Walgreens Boots Alliance (WBA).

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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