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SPY ETF Update, 7/12/2024 
Market News

SPY ETF Update, 7/12/2024 

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 up 0.06% in the past 5 days and has risen 27.61% over the past year.

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 $597.94 implies an upside of 7.45%.

Currently, SPY’s five holdings with the highest upside potential are Warner Bros. Discovery (WBD), Aptiv (APTV), United Airlines Holdings (UAL), Wynn Resorts (WYNN), and Global Payments (GPN). 

Meanwhile, its five holdings with the greatest downside potential are Loews (L), Tesla (TSLA), Teradyne (TER), Arista Networks (ANET), and Qorvo (QRVO).

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

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