The Invesco QQQ Trust ETF (QQQ), which tracks the performance of the Nasdaq 100 Index (NDX), was up 0.44% in Thursday’s pre-market trading as investors assessed economic data and key earnings releases.
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Forget margin or options. Here's how the pros trade QQQOn Wednesday, the QQQ ETF rose 0.27% following better-than-expected January jobs report.
Overall, the QQQ ETF has declined 2.21% over the past five days, but is up 16.3% over 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 Strong Buy. The Street’s average price target of $753.56 for the QQQ ETF implies an upside potential of about 23%.
Currently, QQQ’s five holdings with the highest upside potential are:
Meanwhile, its top holdings with the greatest downside potential are:
Revealingly, QQQ ETF’s Smart Score is seven, implying that this ETF is expected to be in line with the broader market.