SPY ETF Update, 7/5/2024  
Market News

SPY ETF Update, 7/5/2024  

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 1.08% in the past 5 days and has risen about 16.2% year-to-date.

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 $598.68 implies an upside of more than 8%. 

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

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

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
TheFlyLoews announces favorable resolution of Boardwalk Pipelines litigation
Jordan SauerTwo Concerning Trends Emerge for Costco Stock (COST)
TheFlyLoews CEO James Tisch to transition to chair, Benjamin Tisch to succeed
Go Ad-Free with Our App