If you're interested in broad exposure to the Technology - Broad segment of the equity market, look no further than the Vanguard Information Technology ETF (VGT), a passively managed exchange traded fund launched on 01/26/2004.
For Immediate ReleaseChicago, IL – July 17, 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 finan
For Immediate ReleaseChicago, IL – July 17, 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 finan
The SPDR S&P 500 ETF Trust (
SPY
) has advanced about 19% year-to-date, outperforming the S&P 500’s rally of 17.8%. Moreover, falling inflation, low unemployment rates, and subsiding recession fears are likely to continue boosting market sentiment and potentially contribute to the ETF's future growth. Encouragingly, the SPY ETF’s Outperform Smart Score on TipRanks indicates positive signals for its performance. Also, the analysts’ average price target implies more room for the ETF to grow.
SPY ETF: Key Factors to Consider
The SPY ETF 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.
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.
Additionally, the ETF has delivered an average annualized return of 12.73% in the past decade as of June 2023. Moreover,
SPY pays a 1.45% annual dividend yield, which enhances investors’ returns over the long run.
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).
According to our data, retail investors have displayed a
Very Positive signal towards the stock. About 8.2% of TipRank's retail investors have increased their holdings of the SPY ETF in the last 30 days. This suggests an active interest and engagement by retail investors in the stock.
Furthermore, the SPY ETF enjoys bullish sentiment from bloggers and Positive news sentiment on TipRanks.
Is the SPY ETF a Good Buy, According to Analysts?
SPY has a Moderate Buy consensus rating on TipRanks. Further, the
average SPY stock price target of $486.40 implies 8.3% upside potential. Among the 6,311 analysts providing ratings on its
506 holdings, 59.55% have given a Buy rating, 35.10% have assigned a Hold rating, and 5.36% have given a Sell rating.
Several holdings within the SPY ETF have delivered robust returns over the past year. We present to you the top 10 stocks that stand out as notable winners with gains exceeding 80%. Importantly, analysts believe there is further upside potential for most of them.
Royal Caribbean Cruises (
RCL
)
First Solar (
FSLR
)
Nvidia Corporation (
NVDA
)
Netflix, Inc. (
NFLX
)
General Electric (
GE
)
Axon Enterprise, Inc. (
AXON
)
Wynn Resorts Limited (
WYNN
)
Fair Isaac Corporation (
FICO
)
Pultegroup (
PHM
)
Broadcom, Inc. (
AVGO
)
Disclosure
Last week was a wild week in the markets, the S&P 500 ($SPX) (SPY) finished the week about up 2.45%, and despite a spike the previous week, VIX ($VIX) finished the week down 10%.
Below is Validea's guru fundamental report for NVIDIA CORP (NVDA). Of the 22 guru strategies we follow, NVDA rates highest using our Quantitative Momentum Investor model based on the published strategy of Wesley Gray. This momentum model looks for stocks with strong and consiste
A handful of massive growth and technology names that have dominated the U.S. stock market in 2023 are set to report earnings in coming weeks, potentially determining the path for this year’s equity rally.
I believe we are in a new industrial revolution that could turbocharge your long-term investing portfolio. Megatrends such as autonomous driving, artificial intelligence (AI), robotics, and the Internet of Things (IoT) are fueled by cloud computing and semiconductors. The video b
On July 14, 2023 at 11:55:19 ET an unusually large $5,010.00K block of Put contracts in NVIDIA (NVDA) was bought, with a strike price of $520.00 / share, expiring in 14 day(s) (on July 28, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.3
On July 14, 2023 at 12:41:02 ET an unusually large $4,248.98K block of Put contracts in NVIDIA (NVDA) was bought, with a strike price of $515.00 / share, expiring in 7 day(s) (on July 21, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.08
The chief executives of Intel Corp and Qualcomm Inc are planning to visit Washington next week to discuss China policy, according to two sources familiar with the matter.
Is 2023 truly the year of active ETFs? Yes, active ETFs have become more popular. However, not all active strategies are taking the moment by the horns and showing why they deserve a place in portfolios. There is one active equities ETF, though, that has carried the torch for actives so far in 2023. The [...]
Read more at ETFtrends.com.
Fintel reports that on July 14, 2023, Truist Securities maintained coverage of NVIDIA (NASDAQ:NVDA) with a Buy recommendation. Analyst Price Forecast Suggests 5.03% Upside
A handful of massive growth and technology names that have dominated the U.S. stock market in 2023 are set to report earnings in coming weeks, potentially determining the path for this year’s equity rally.
Nvidia (
NADSAQ:NVDA
) stock continues climbing higher, with the $1.13 trillion GPU (Graphics Processing Unit) titan adding another 6%+ to its valuation this week. Undoubtedly, shares of the massive AI winner are still hot, looking to make even higher highs. Still, the stock’s valuation is getting harder to justify with every sizeable upside move, and I do believe investors would be wise to consider the risks and rivals that look incredibly hungry for a slice of the AI chip pie.
Yes, it's hard to find hair on the Nvidia growth story. The firm is firing on all cylinders, and its TAM (Total Addressable Market) may seem uncapped at this point! Also, AI has opened so many new doors for Nvidia and other high-tech companies that have invested in the trend.
Arguably, Nvidia has one of the most spectacular growth profiles in recent memory, and while I believe CEO Jensen Huang deserves a huge round of applause for the NVDA stock's run, I can't be bullish on shares at these heights. For now, I'm inclined to be neutral on the stock, even as Wall Street analysts rush in to hike their price targets to catch up with the euphoric surge.
Nvidia Stock's Blast Past $1 Trillion Makes It an AI Kingpin
A market cap north of $1 trillion would have been unfathomable just a year ago when it seemed like Nvidia's glory days were over, as shares shed around 66% of their value from peak to trough. At this juncture, investors are more than willing to pay up for top-tier exposure to AI plays. Certainly, AI may very well be the biggest trend since the rise of the internet, and though we may have yet to hit dot-com-esque valuations, I don’t think investors should chase if they're feeling a bit of FOMO (fear of missing out).
It's hard not to feel FOMO, given that nobody wants to miss out on the historic rise of generative AI technologies. AI has serious monetization potential, but so did the internet in the 1990s. That's why it may be wise to pay a bit more attention on the risks rather than the potential for near-term rewards with a name as hot as Nvidia.
Nvidia Has Outperformed Its Rivals — For Now
Nvidia didn't just find itself in the right place at the right time; it's been laying down the foundation for the AI boom for many years. When
ChatGPT landed, sparking massive interest in all things AI, Nvidia was ready to seize the opportunity. Though Nvidia seems to have had its way with rivals in the early innings of the AI boom, I would not discount Nvidia's fellow rivals. One has to imagine that everyone wants a piece of what made Nvidia such a profound success.
AMD (
NASDAQ:AMD
) is an obvious rival that has AI firepower of its own, with its recently-revealed MI300X chip. Nonetheless, AMD needs to catch up to challenge the top dog in Nvidia, and Citi analyst Christopher Danely isn't too confident that AMD can get up to speed (Danely noted that a third-party assessment saw AMD hardware at 80% the speed of Nvidia hardware).
Indeed, Mr. Danely makes a strong case for why it's better to go with the leader in the AI chip space. It is really tough to catch up when it comes to any sort of semiconductor.
Is NVDA Stock a Buy, According to Analysts?
Turning to Wall Street, NVDA stock comes in as a Strong Buy. Out of 33 analyst ratings, there are 30 Buys, two Holds, and one Sell recommendation.
The
average Nvidia stock price target is $484.30, implying upside potential of 7.4%. Analyst price targets range from a low of $370.00 per share to a high of $600.00 per share.
The Bottom Line on NVDA Stock
Nvidia stock's a leader that many analysts think can stay in the lead for a while. The stock boasts a "Strong Buy" rating for a reason! Still, I think the 231 times trailing price-to-earnings multiple (well above the 35.1 times for the industry average) already reflects Nvidia's dominance.
If a capable rival, most notably AMD, can close the gap, or if AI chip demand falls short of high expectations from here, NVDA stock could be vulnerable to another bust. After such a bust, I'd be more inclined to punch my ticket.
Disclosure
In this video, I will discuss Nvidia (NASDAQ: NVDA), why its stock price jumped on Friday, and why other peers like Advanced Micro Devices (NASDAQ: AMD) are also benefiting. Check out the short video to learn more, consider subscribing, and click the special offer link below.
What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.02%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.42%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.11%. Stocks today are mixed this afternoon. Earlier this morning...
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