The Invesco QQQ Trust ETF (QQQ), which tracks the performance of the Nasdaq 100 Index (NDX), was down 0.66% in Monday’s pre-market trading as U.S. President Donald Trump announced new tariffs. In particular, Trump said on Saturday that he would raise global tariffs to 15% from the previously announced 10%.
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Trade QQQ with leverageMeanwhile, the QQQ ETF gained 0.88% on Friday after the Supreme Court struck down Trump’s prior “reciprocal” tariff policy.
Overall, the QQQ ETF has risen 1.33% over the past five days and is up 17.1% 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 $746.47 for the QQQ ETF implies an upside potential of 22.6%.
Currently, QQQ’s five holdings with the highest upside potential are:
Meanwhile, its top holdings with the greatest downside potential are:
- CSX Corporation (CSX)
- Micron Technology (MU)
- Amgen (AMGN)
- Old Dominion Freight Line (ODFL)
- Tesla (TSLA)
Revealingly, QQQ ETF’s Smart Score is seven, implying that this ETF is expected to perform in line with the broader market.