The Invesco QQQ Trust ETF (QQQ), which tracks the performance of the Nasdaq 100 Index (NDX), was up 0.21% in Tuesday’s pre-market trading as traders assessed updates on the U.S.-Iran war and its impact on oil prices.
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New trading tool for QQQ bullsOn Monday, the QQQ ETF gained 1.12% as oil prices moved lower and major indexes closed higher.
Overall, the QQQ ETF has risen 0.84% over the past five days and is up about 24.4% 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 for the QQQ ETF implies an upside potential of about 24.3%.
Currently, QQQ’s five holdings with the highest upside potential are:
Revealingly, QQQ ETF’s Smart Score is seven, implying that this ETF is expected to perform in line with the broader market.