SPDR S&P 500 ETF (SPY) Buy, Sell or Hold

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SPDR S&P 500 ETF (SPY)

773.26

+4.70 (0.61%)

as of Aug 7, 2026, 8:00:00 pm Market Open.

109 watching

Investor Insights

Aug 8, 2026, 12:00 am

This summary was created by AI, based on 3 opinions in the last 12 months.

The SPDR S&P 500 ETF (SPY) is highly regarded for its low expense ratio of just nine basis points and a relatively stable performance over time. Experts recommend buying SPY during a 5-10% market drawdown or simply holding for long-term gains, as technology sector dominance continues with a 38.5% allocation, heavily weighted on major players like Nvidia and Apple. While SPY's popularity remains strong, some concern arises from its significant exposure to technology, which accounts for a substantial portion of the S&P's composition. This suggests a potential risk given the concentrated nature of the index. Furthermore, questions about valuations persist, considering that tech stocks may be entering a phase of expensive price-to-earnings ratios, raising caution about future growth sustainability.

Consensus

Hold

Valuation

Overvalued

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TOP PICK

Buy SPY on a 5-10% drawdown in the S&P, then trade or hold. By far, technology is SPY's largest component at 38.5% with Nvidia as the largest holding. Micron, Meta and Tesla are also big slices of the pie, but so are winners like Apple. SPY's MER is only nine basis points, but SPY pays only a 1% dividend.

HOLD

Add, or just hold?

Very popular, though may have been surpassed by Vanguard in terms of market cap. Low cost. Likes these ETFs. Very much a hold, enjoy the ride. In 5-10 years, you'll be in good shape.

DON'T BUY

Major concern about this one is that it's really a technology ETF, given that 8 or 9 of the top 10 names are tech names. 40% of the S&P 500 is tech or tech-oriented, and we've never before seen this concentration. That's quite a bit of risk with so much exposure to one sector. Index is not as safe as it was 10 years ago.

Technology in this new world is exciting, but it's not cheap. Though earnings growth is very strong, how far will we let PE's go before we say they're too expensive?

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TOP PICK

The SPDR S&P 500 ETF (SPY) is a well-established exchange-traded fund that seeks to provide investment results that, before expenses, generally correspond to the price and yield performance of the S&P 500 Index. The ETF holds a wide array of stocks, providing broad exposure to the U.S. large-cap equity market. Established by State Street Global Advisors, SPY is a popular investment vehicle among individual and institutional investors due to its diversification, liquidity, and historical performance. Social media mentions are up 4% in the past 24h.

BUY

SPY is the oldest and the biggest. Buy more, hold forever. Starting to be overtaken by VOO, perhaps because of the slight difference in MER cost. Worthwhile contacting the ETF company itself for a tax opinion on which account is best to hold it in.

BUY

He did a put spread on May 2, the 500-520 end of July put spread. He wasn't concerned about NVDA or tech, but to the market's reaction broadly to Nividia's earnings. Rally broadening in the S&P had not happened. You're limiting your downside with a spread. He bought back the 500 put, which leads him long only the 599 outs.

BUY

He just bought May 500 puts. In the two days since the Fed meeting, the USD has strengthened against many currencies (Euro, Yen, UK pound, Chinese yuan). Ripples in the currency market will lead to a slight pullback in the S&P.

BUY

SPY vs. QQQ

SPY is more diversified than QQQ, which is mainly technology, biotech, and some consumer names. SPY is 26% technology, 8% communications. Tech sector has gotten ahead of itself again, and the valuations are not that attractive.

BUY

It's been beaten down, but healthcare will do well.

COMMENT

put buying SPY put buys: 30,000 of the July 377 puts, and 100,000 of the June 345 puts, and 18,000 of the July 22 expiring 385 puts. This action may not be over just yet, because there's still a lot of buying.

DON'T BUY

She is handpicking stocks in this bear market. Choose individual stocks. It's hard work--read the reports and listen to the calls, but it pays off. Don't buy the SPY, but would own the stocks in that ETF.

DON'T BUY

Not his favourite place to be. The Canadian market is better on a seasonal basis. Be careful of timing and wait for corrections.

BUY

Today's session (a knee jerk bounce after Biden announced oil sanctions against Russia) signalled to her that if we get even a whiff of good news, that we'll see a giant rally. We're hungry for any kind of good news (out of Russia/Ukraine). She bought some SPY calls at the day's end.... If peace were announced tomorrow, she could see crude oil sliding by at least $25/barrel.

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TOP PICK

Largest ETF in the world tracking the S&P 500 index. Social media mentions are up 278% for the past 24h suggesting an optimistic popular outlook for the S&P 500 in 2022.

BUY ON WEAKNESS

Likes the US, has a lot of quality. At this stage, slightly overbought at 65 RSI. Wait for some more volatility. Long-term, it's a great way to access the 500 largest cap names in the US.

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SPDR S&P 500 ETF (SPY) Frequently Asked Questions

What is SPDR S&P 500 ETF stock symbol?

SPDR S&P 500 ETF is a American stock, trading under the symbol SPY (previously SPY-N on Stockchase) on the NYSE Arca (SPY). It is usually referred to as AMEX:SPY or SPY

Is SPDR S&P 500 ETF a buy or a sell?

In the last year, 3 stock analysts issued a Buy, Sell, or Hold rating on SPY (previously SPY-N on Stockchase). 1 analyst recommended to BUY and 1 analyst recommended to SELL the stock. The latest stock analyst rating is TOP PICK. Read the latest stock experts' ratings for SPDR S&P 500 ETF.

Is SPDR S&P 500 ETF a good investment or a top pick?

SPDR S&P 500 ETF was recommended as a Top Pick by The Monthly Gems by Allan Tong on 2026-08-03. Read the latest stock experts ratings for SPDR S&P 500 ETF.

Why is SPDR S&P 500 ETF stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for SPDR S&P 500 ETF.

Is SPDR S&P 500 ETF worth watching?

SPDR S&P 500 ETF is followed by 109 investors on Stockchase and is a trending stock that is worth watching.

What is SPDR S&P 500 ETF stock price?

On 2026-08-07, SPDR S&P 500 ETF (SPY) stock closed at a price of $773.26.

3(3)

Based on 3 expert opinions: 1 buy 1 hold 1 sell

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SPDR S&P 500 ETF (SPY)

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