SPY ETF Update, 8/12/2024 
Market News

SPY ETF Update, 8/12/2024 

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 0.78% in the past five days and has risen 20.61% 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 $621.47 implies an upside of 16.6%.

Currently, SPY’s five holdings with the highest upside potential are Micron Technology (MU), United Airlines (UAL), Moderna (MRNA), Super Micro Computer (SMCI), and Warner Bros. Discovery (WBD).

Meanwhile, its five holdings with the greatest downside potential are AFLAC (AFL), Altria (MO), Ventas (VTR), Camden Property Trust (CPT), and Expeditors International (EXPD).

Revealingly, SPY’s ETF Smart Score is seven, implying that this ETF is likely to perform in line with the market. 

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