The Vanguard S&P 500 ETF (VOO) experienced a decline of 0.94% on Monday, influenced by weakness among significant technology stocks. As of today, VOO is down 0.50% in pre-market trading.
Market Context and Key Events
Investors are keenly anticipating Nvidia’s (NVDA) third-quarter results scheduled for Wednesday. This report is expected to provide insights into artificial intelligence demand and the overall outlook for technology stocks.
Performance Metrics
VOO closely tracks the S&P 500 Index (SPX), which itself fell by 0.92% on Monday. The Nasdaq 100 (NDX), known for its tech focus, decreased by 0.83% during the same period.
Investor Sentiment and Fund Flows
- According to TipRanks data, VOO recorded approximately $3 billion in net inflows over the past five days.
- This indicates a stable demand for large-cap U.S. stock exposure among investors.
Price Forecasts and Holdings
Based on the ETF analyst consensus from TipRanks, VOO holds a rating of Moderate Buy. The average price target for VOO is currently set at $794.23, which suggests a potential upside of 29.77%.
Top Holdings
VOO’s five holdings with the highest upside potential include:
- Loews (L)
- Fiserv, Inc. (FI)
- Norwegian Cruise Line (NCLH)
- Oracle (ORCL)
- Netflix (NFLX)
Conversely, its five holdings with the most significant downside risk are:
- Albemarle (ALB)
- Micron (MU)
- Incyte (INCY)
- Expeditors International (EXPD)
- Paramount Skydance (PSKY)
Dividend Information
VOO does pay dividends to its shareholders, providing a regular income stream. These dividends are distributed on a quarterly basis and are derived from the payouts made by companies within the S&P 500.
As of the latest update, VOO’s yield stands at 1.14%. This figure may fluctuate as company payouts change over time.
Conclusion
For investors considering VOO, the ETF remains a viable option for those seeking exposure to large-cap U.S. equities while also generating regular dividend income.
