tiprankstipranks
SPY ETF Update, 9/9/2024 
Market News

SPY ETF Update, 9/9/2024 

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 down 2.09% in the past five days but has risen 22.18% over the past year.

Don't Miss our Black Friday Offers:

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 $629.42 implies an upside of 16.48%.

Currently, SPY’s five holdings with the highest upside potential are Micron Technology (MU), Moderna (MRNA), Super Micro Computer (SMCI), Schlumberger (SLB), and MGM Resorts (MGM).

Meanwhile, its five holdings with the greatest downside potential are Altria (MO), Clorox (CLX), AFLAC (AFL), Solventum (SOLV), and McCormick & Company (MKC).

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
TheFlyAltria Group call volume above normal and directionally bullish
TheFlyAltria Group price target raised to $46 from $45 at Barclays
TheFlyAltria Group price target raised to $222 from $219 at TD Cowen
Go Ad-Free with Our App