SPY ETF Update, 4/22/2024 
Market News

SPY ETF Update, 4/22/2024 

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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 2.1% in the past 5 days but has risen about 22% 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 $573.59 implies an upside of 15.84%.

Currently, SPY’s five holdings with the highest upside potential are On Semiconductor (ON), Global Life (GL), Carnival Corporation (CCL), Warner Bros. Discovery (WBD), and Caesars Entertainment (CZR). 

Meanwhile, its five holdings with the greatest downside potential are Loews (L), Hormel Foods (HRL), Steel Dynamics (STLD), Airbnb (ABNB), and Caterpillar (CAT).

Revealingly, SPY’s ETF Smart Score is eight, implying that this ETF is likely to outperform the market.

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