The Invesco QQQ Trust ETF (QQQ), which tracks the performance of the Nasdaq 100 Index (NDX), was down 0.99% in Monday’s pre-market trading as oil prices surged past $100 per barrel amid escalating U.S.-Iran conflict, triggering fears of an economic slowdown.
Claim 30% Off TipRanks
New trading tool for QQQ bullsOn Friday, the QQQ ETF declined 1.50% amid rising geopolitical tensions.
Overall, the QQQ ETF has declined 0.60% over the past five days, but is up 27% 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 $753.15 for the QQQ ETF implies an upside potential of about 25.6%.
Currently, QQQ’s five holdings with the highest upside potential are:
- Strategy (MSTR)
- Atlassian Corporation (TEAM)
- Nvidia (NVDA)
- Insmed (INSM)
- Advanced Micro Devices (AMD)
Meanwhile, its top holding with the greatest downside potential is:
- Kraft Heinz (KHC)
Revealingly, QQQ ETF’s Smart Score is seven, implying that this ETF is expected to perform in line with the broader market.