DailyBubble News
DailyBubble News

SPY ETF Update, 6/21/2024   – TipRanks.com

The SPDR S&P 500 ETF Trust, also known as SPY stock, has seen a positive trend recently. In the past 5 days, it has gone up by 0.82%, and year-to-date, it has risen by about 15.8%.

Based on a weighted average of analyst ratings on its holdings, the consensus on SPY is a Moderate Buy. The average price target from analysts is $600.22, indicating a potential upside of more than 9%.

Some of SPY’s top holdings with the highest upside potential include Albemarle (ALB), Global Payments (GPN), Schlumberger (SLB), Warner Bros. Discovery (WBD), and Aptiv (APTV). On the other hand, its holdings with the greatest downside potential are Loews (L), Mettler-Toledo (MTD), Teradyne (TER), Expeditors International (EXPD), and Qualcomm (QCOM).

With an ETF Smart Score of eight, SPY is expected to outperform the market. If you’re looking to enhance your ETF investing, consider exploring the Top Equity ETFs with High Upside Potential recommended by TipRanks.

Investors should always consider their own risk tolerance and conduct thorough research before making any investment decisions.

0 0 votes
Article Rating
Notify of
Inline Feedbacks
View all comments
Would love your thoughts, please comment.x