SPY ETF Update, 8/14/2024 
Market News

SPY ETF Update, 8/14/2024 

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 2.21% in the past five days and has risen 22.65% 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 $611.66 implies an upside of 12.8%.

Currently, SPY’s five holdings with the highest upside potential are United Airlines (UAL), Micron Technology (MU), Moderna (MRNA), Bath & Body Works (BBWI), and Delta Air Lines (DAL).

Meanwhile, its five holdings with the greatest downside potential are AFLAC (AFL), Altria (MO), Ventas (VTR), Consolidated Edison (ED), 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. 

Power up your ETF investing with TipRanks. Discover the Top Equity ETFs with High Upside Potential, carefully curated based on TipRanks’ analysis.    

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