The Invesco QQQ Trust ETF (QQQ), which tracks the performance of the Nasdaq 100 Index (NDX), was down 0.12% in Monday’s pre-market trading, ahead of earnings releases of Big Tech this week. Major U.S. companies, including Microsoft (MSFT), Meta Platforms (META), Apple (AAPL), and Tesla (TSLA), are scheduled to announce their quarterly earnings this week.
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On Friday, the QQQ ETF gained 0.32%, as several tech stocks advanced amid easing tariff tensions and geopolitical risks.
Overall, the QQQ ETF has risen 1.60% over the past five days and is up 21.1% in the past year.
QQQ’s Key Holdings with Highest Upside/Downside Potential
According to TipRanks’ unique ETF analyst consensus, which is based on a weighted average of analyst ratings on its holdings, QQQ is a Moderate Buy. The Street’s average price target of $743.91 for the QQQ ETF implies an upside potential of about 19.5%.
Currently, QQQ’s five holdings with the highest upside potential are:
Meanwhile, its top holdings with the greatest downside potential are:
- Tesla (TSLA)
- Warner Bros. Discovery (WBD)
- Micron Technology (MU)
- Old Dominion Freight Line (ODFL)
- Western Digital Corporation (WDC)
Revealingly, QQQ ETF’s Smart Score is seven, implying that this ETF is expected to perform in line with the broader market over the long term.