The Invesco QQQ Trust ETF (QQQ), which tracks the performance of the Nasdaq 100 Index (NDX), was down 0.04% in Monday’s pre-market trading as talks between the U.S. and Iran stalled. Also, oil prices climbed amid continued disruption in the Strait of Hormuz.
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Forget margin or options. Here's how the pros trade QQQMeanwhile, the QQQ ETF gained 1.91% on Friday after President Donald Trump said that Israel and Lebanon agreed to extend their ceasefire by three weeks.
Overall, the QQQ ETF has risen 2.41% over the past five days and is up 40.5% 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 $762.89 for the QQQ ETF implies an upside potential of about 15%.
Currently, QQQ’s five holdings with the highest upside potential are:
Currently, QQQ’s top holdings with the highest downside potential are:
- ARM Holdings (ARM)
- Marvell Technology (MRVL)
- Monolithic Power (MPWR)
- Advanced Micro Devices (AMD)
- Western Digital (WDC)
Revealingly, QQQ ETF’s Smart Score is eight, implying that this ETF has the ability to outperform the broader market over the long term.