SPDR S&P 500 ETF Trust ( $SPY ) has risen by 7.15% in the past week. It has experienced a 5-day net outflow of $1.74 billion.
This is due, in part, to market sentiment on some of the ETF’s largest holdings. For example:
- Apple Inc is facing a challenging environment as it prepares to report its Q2 earnings. With geopolitical tensions and tariff uncertainties impacting its supply chain, Apple is shifting some production from China to India. Analysts have expressed concerns over slowing iPhone demand and weaker sales in China, leading to reduced price targets for the stock. Despite these challenges, Apple maintains a Moderate Buy consensus among analysts, with a potential upside of 13.5% from current levels.
- Microsoft is gearing up for its Q3 2025 earnings report, with analysts suggesting a potential reset in Azure cloud growth expectations. While AI-driven demand remains strong, economic challenges may slow non-AI usage, prompting a possible adjustment in guidance. Despite this, Microsoft is seen as a strong long-term investment, with a Strong Buy consensus and a price target implying a 26.3% upside.
- Nvidia Corporation is navigating geopolitical tensions as it shifts operations out of China due to U.S. export controls. The company is investing heavily in U.S. manufacturing, aiming to reduce reliance on Chinese production. Despite these challenges, Nvidia’s stock remains robust, with a Strong Buy consensus and a projected 58% upside. However, potential risks from Huawei’s competitive moves and reduced data center spending loom on the horizon.