The Invesco QQQ ETF (QQQ), which tracks the performance of the Nasdaq 100 Index (NDX), gained 0.79% on Monday. Major indices closed higher, with the Dow Jones Industrial Average (DJIA) touching a record high, following the U.S.′ capture of Venezuelan leader Nicolas Maduro.
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Meanwhile, QQQ advanced 0.13% in Tuesday’s pre-market trading.
Overall, the QQQ ETF has declined 0.43% over the past five days. However, it has risen about 17% 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 $730.43 for the QQQ ETF implies an upside potential of 18.2%.
Currently, QQQ’s five holdings with the highest upside potential are:
- Strategy (MSTR)
- Datadog (DDOG)
- Atlassian Corporation (TEAM)
- Thomson Reuters (TRI)
- Arm Holdings (ARM)
Meanwhile, its top holdings with the greatest downside potential are:
- Warner Bros. Discovery (WBD)
- Tesla (TSLA)
- Lam Research (LRCX)
- Applied Material (AMAT)
- Old Dominion Freight Line (ODFL)
Revealingly, QQQ ETF’s Smart Score is eight, implying that this ETF is expected to outperform the broader market over the long term.
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