SPY ETF Update, 11/24/2023 – TipRanks.com
The SPDR S&P 500 ETF Trust (SPY) has been performing well recently, with a 0.86% increase in the past 5 days and a significant 21% rise year-to-date. According to analysts, SPY is considered a Moderate Buy, with a price target of $506.46 indicating an 11.30% potential upside.
Among SPY’s top holdings with the highest upside potential are Bio-Rad Laboratories (BIO), General Motors (GM), Moderna (MRNA), Albemarle (ALB), and Warner Bros. Discovery (WBD). On the other hand, its holdings with the greatest downside potential include Robert Half International (RHI), Intel (INTC), Expeditors International (EXPD), Whirlpool (WHR), and Digital Realty (DLR).
The ETF Smart Score for SPY is eight, suggesting that it is likely to outperform the market averages. Investors looking to enhance their ETF investing can explore the Top Equity ETFs with High Upside Potential recommended by TipRanks.
Overall, SPY continues to show strength and potential for growth, making it an attractive option for investors looking to capitalize on market opportunities.