The Invesco QQQ Trust ETF (QQQ), which tracks the performance of the Nasdaq 100 Index (NDX), was up 0.49% in Monday’s pre-market trading despite a persistent rise in oil prices amid the tensions in the Middle East. The U.S.-Iran war has entered its fifth week.
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Overall, the QQQ ETF has declined 4.68% over the past five days, but is up about 20% 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 $755.75 for the QQQ ETF implies an upside potential of 34.3%.
Currently, QQQ’s five holdings with the highest upside potential are:
Currently, QQQ’s top holding with the highest downside potential is:
- Baker Hughes (BKR)
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.