The Invesco QQQ Trust ETF (QQQ), which tracks the performance of the Nasdaq 100 Index (NDX), was down 1.36% in Monday’s pre-market trading due to intensifying geopolitical tensions. Investors are worried about the impact of the U.S. and Israel’s joint strike on Iran over the weekend, which killed Iran’s Supreme Leader Ayatollah Ali Khamenei.
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Forget margin or options. Here's how the pros trade QQQMeanwhile, the QQQ ETF fell 0.32% on Friday amid persistent fears about AI disruption in sectors like software.
Overall, the QQQ ETF has risen 0.05% over the past five days and is up about 22.2% 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 Moderate Buy. The Street’s average price target of $752.55 for the QQQ ETF implies an upside potential of 24%.
Currently, QQQ’s five holdings with the highest upside potential are:
Meanwhile, its top holdings with the greatest downside potential are:
- CSX Corporation (CSX)
- Amgen (AMGN)
- Baker Hughes (BKR)
- Kraft Heinz (KHC)
- Old Dominion Freight Line (ODFL)
Revealingly, QQQ ETF’s Smart Score is seven, implying that this ETF is expected to perform in line with the broader market.