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SPY ETF Update, 5/31/2024  
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SPY ETF Update, 5/31/2024  

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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 down 1.49% in the past 5 days but has risen about 29% 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 $595.65 implies an upside of more than 14%. 

Currently, SPY’s five holdings with the highest upside potential are Illumina (ILMN), Walgreens Boots Alliance (WBA), American Airlines (AAL), Warner Bros. Discovery (WBD), and Caesars Entertainment (CZR). 

Meanwhile, its five holdings with the greatest downside potential are Loews (L), Steris (STE), Teradyne (TER), First Solar (FSLR), and Moderna (MRNA).

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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