SPY ETF Update, 5/7/2024  
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SPY ETF Update, 5/7/2024  

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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 up 2.67% in the past 5 days and has risen about 26% 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 $580.28 implies an upside of more than 12%. 

Currently, SPY’s five holdings with the highest upside potential are Caesars Entertainment (CZR), On Semiconductor (ON), Warner Bros. (WBD), Bio-Rad Laboratories (BIO), and Carnival Corporation (CCL).  

Meanwhile, its five holdings with the greatest downside potential are Loews (L), Packaging (PKG), Hormel Foods (HRL), Steris (STE), and NRG Energy (NRG).  

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

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