SPDR S&P 500 ETF Trust (SPY)
- Previous Close
517.14 - Open
515.26 - Bid 517.00 x 1800
- Ask 517.03 x 1300
- Day's Range
515.14 - 517.72 - 52 Week Range
408.87 - 524.61 - Volume
37,134,025 - Avg. Volume
70,972,929 - Net Assets 498.08B
- NAV 517.29
- PE Ratio (TTM) 26.05
- Yield 1.34%
- YTD Daily Total Return 9.14%
- Beta (5Y Monthly) 1.00
- Expense Ratio (net) 0.09%
The Trust seeks to achieve its investment objective by holding a portfolio of the common stocks that are included in the index (the “Portfolio”), with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the index.
SPDR State Street Global Advisors
Fund Family
Large Blend
Fund Category
498.08B
Net Assets
1993-01-22
Inception Date
Performance Overview: SPY
Trailing returns as of 5/7/2024. Category is Large Blend.
People Also Watch
Holdings: SPY
Top 10 Holdings (32.49% of Total Assets)
Sector Weightings
Recent News: SPY
Research Reports: SPY
Raising 2Q GDP Growth Forecast to 1.9%
We are raising our 2Q24 GDP forecast to 1.9% from 1.5% and are reducing our full-year 2024 GDP forecast to 1.8% from 2%. The U.S. economy is chugging along, but persistent inflation is delaying the interest-rate relief that many consumers need to finance home renovations and other big-ticket purchases, such as furniture and automobiles. We saw evidence of this in last week's advance estimate of first-quarter GDP released by the Bureau of Economic Analysis. U.S. GDP expanded in 1Q at an annualized rate of 1.6%. That was well below the 2.5% consensus and 3.4% growth in the fourth quarter of 2023. As we discussed in our April webinar, the all-important consumer economy is "mixed," but it is still driving the train. Consumer spending, designated as Personal Consumption Expenditures (PCE) in the GDP report, contributed 1.68 points of the 1.6% growth in 1Q (offset by lower inventory investment and the trade deficit). PCE grew 2.5%, but the consumer category was carried by the huge services component, which was up 4.0%. Consumer spending on goods declined 0.4%, which should worry the Fed. Within goods, nondurables were flat but durables were down 1.2%. Our 3Q GDP estimate remains at 1.8%. Our 4Q estimate is now 2.0% down from 2.3%. One potential headwind to our 4Q estimate is that the Purchasing Managers Index for services (reported last Friday) came in at a contractionary 49.4 in April, ending a run of 15 months above 50. Our forecast is for GDP to grow 2.0% in 2025, with an acceleration to 2.3% in the second half of the year. One concern is that the one-percentage-point drop in the 10-year Treasury yield at the end of 2023 likely stoked growth in 4Q23 and 1Q24. The benchmark's 70-basis-point yield increase in 1Q could slow the train in 3Q and 4Q, particularly with the yield curve still inverted. While economic growth may be uneven in 2024 and 2025, we believe the Fed has the ability to bolster growth if needed.
Recent price weakness is a buying opportunity
Tesla Inc. manufactures and sells electric vehicles, and energy generation and storage systems. The company was founded in 2003 and went public in June 2010 (initial public offering at $17 per share on June 29, 2010). Tesla has approximately 49,000 employees. It recently moved its headquarters to Austin, Texas, from Palo Alto, California.
RatingPrice TargetNetflix Earnings: Fantastic Period Dampened by Likelihood of Growth Deceleration
Netflix’s relatively simple business model involves only one business, its streaming service. It has the biggest television entertainment subscriber base in both the United States and the collective international market, with almost 250 million subscribers globally. Netflix has exposure to nearly the entire global population outside of China. The firm has traditionally avoided live programming or sports content, instead focusing on on-demand access to episodic television, movies, and documentaries. The firm recently began introducing ad-supported subscription plans, giving the firm exposure to the advertising market in addition to the subscription fees that have historically accounted for nearly all its revenue.
RatingPrice TargetNetflix Earnings: Fantastic Period Dampened by Likelihood of Growth Deceleration
Netflix’s relatively simple business model involves only one business, its streaming service. It has the biggest television entertainment subscriber base in both the United States and the collective international market, with almost 250 million subscribers globally. Netflix has exposure to nearly the entire global population outside of China. The firm has traditionally avoided live programming or sports content, instead focusing on on-demand access to episodic television, movies, and documentaries. The firm recently began introducing ad-supported subscription plans, giving the firm exposure to the advertising market in addition to the subscription fees that have historically accounted for nearly all its revenue.
RatingPrice Target