Amdocs Limited DOX recently completed the acquisition of TEOCO's service assurance business. This will enable unique end-to-end service orchestration offering for the company’s service providers and assure service quality along wi
In this video, I will discuss how the demand for more optionality in AI chips creates a tailwind for Advanced Micro Devices (NASDAQ: AMD) to catch up to Nvidia's (NASDAQ: NVDA) huge lead. Check out the short video to learn more, consider subscribing, and click the special offer l
Launched on 02/17/2011, the First Trust Indxx NextG ETF (NXTG) is a passively managed exchange traded fund designed to provide a broad exposure to the Technology - Telecom segment of the equity market.
If history demonstrates anything, it's that change is one of Wall Street's only constants. Looking back to the start of the century, only one of the 10 largest publicly traded companies by market cap is still among the top 10 by market cap today. Thanks to innovation, competitive
AI Investing – it has taken the 2023, and the ETF market, by storm. AI investing of course includes investing empowered by AI and investing in the sectors boosted by AI. While the former holds significant promise for advisors’ practices, the latter has been a key driver of returns. Some investors may be concerned, however, [...]
Read more at ETFtrends.com.
What a difference a year makes. 2022 marked the steepest stock market downturn since 2008. Fast-forward six months, and the major market indexes are all in the plus column, having each gained more than 20% from their respective bottoms. This suggests the onset of the next bull ma
Artificial intelligence (AI) is a disruptive technology that has reshaped multiple industries and is poised to revolutionize many more. From transportation to medicine, AI is opening up new possibilities that were previously relegated to the realm of science fiction. The prolifer
U.S. stock markets had a dream rally in the first half of 2023. The three major stock indexes — the Dow, the S&P 500, and the Nasdaq Composite — advanced 3.8%, 15.9% and 31.7%, respectively, in the first half.
Wall Street rebounded in the first half of 2023 after a highly disappointing 2022. The rally was primarily led by growth stocks, especially, technology stocks. Consequently, the tech-heavy Nasdaq Composite Index took the lead role
After reaching an important support level, Nvidia (NVDA) could be a good stock pick from a technical perspective. NVDA surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts ofte
Wall Street ended sharply higher on Friday, pulled up by mega-cap tech stocks. Investor mood was generally upbeat on closing out a strong quarter and the first half of the year. All three major indexes ended in the green.
The broader equity market has witnessed a steady uptrend over the past few trading days on solid economic data that allayed the fears of recession from the near-term horizon to at least until 2024. The revised GDP data for first-q
Whether you're a professional stock trader or take a more casual approach to investing, chances are you know 2023 has been all about artificial intelligence (AI).
For Immediate ReleaseChicago, IL – July 3, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financ
It makes sense that Nvidia (NASDAQ: NVDA) has been a Wall Street darling. The demand for its graphics processing units (GPUs) has surged over the last decade. Gaming fueled Nvidia's fortunes first, but in recent months artificial intelligence (AI) has been the primary driver.
The
SPDR S&P 500 ETF Trust (
SPY
) closely tracks the S&P 500 Index (
SPX
) and allows an investor to hold a diversified portfolio of over 500 large-cap U.S. stocks without having to buy them individually. The SPY ETF stock has advanced over 17.3% year-to-date, outperforming the S&P 500’s rally of 16.4%. Interestingly, the SPY ETF’s Outperform Smart Score on TipRanks and analysts’ average price target suggest further upside potential from the current level.
What Makes SPY ETF Attractive?
One of the major factors worth considering is the SPY ETF’s considerably low fees. It has an expense ratio (the cost of managing the ETF) of 0.09%, which makes it an attractive investment.
Remarkably, the ETF has delivered an average annualized return of 12.1% in the past decade as of March 2023. Moreover,
SPY pays a 1.47% annual dividend yield, which enhances investors’ returns over the long run.
Lastly, the diversification offered by the ETF allows investors convenient access to the stock market. Also, it eliminates the need for individual stock research, analysis, and portfolio management.
Favorable Smart Score
According to TipRanks’ Smart Score System,
SPY has a Smart Score of 8 out of 10, which indicates that the ETF could outperform the broader market over the long term. It is worth highlighting that more than 50% of the holdings boast an Outperform
Smart Score (i.e., a score of 8 or higher).
The stock has a
Positive signal from retail investors. Our data shows that about 8.3% of TipRank’s retail investors changed their holdings of the SPY in the last 30 days. Moreover, The SPY ETF enjoys bullish blogger sentiment and Positive news sentiment on TipRanks.
Is SPY Stock a Buy, According to Analysts?
SPY has a Moderate Buy consensus rating on TipRanks. Further, the
average SPY stock price target of $482.85 implies 8.9% upside potential. Among the 6,340 analysts providing ratings on its
504 holdings, 59.67% have given a Buy rating, 34.94% have assigned a Hold rating, and 5.39% have given a Sell rating.
Several of the SPY ETF’s holdings have witnessed strong returns over the past year. Among these, the following 10 stocks are key winners, as they gained over 90%. Importantly, analysts see further upside potential in most of these stocks.
Royal Caribbean Cruises (
RCL
)
Nvidia Corporation (
NVDA
)
First Solar (
FSLR
)
Netflix, Inc. (
NFLX
)
General Electric (
GE
)
Carnival Corporation (
CCL
)
Axon Enterprise, Inc. (
AXON
)
ON Semiconductor Corporation (
ON
)
Fair Isaac Corporation (
FICO
)
Norwegian Cruise Line (
NCLH
)
Disclosure
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