The Invesco QQQ ETF (QQQ), which tracks the performance of the Nasdaq 100 Index (NDX), fell 0.57% on Thursday. Major indices ended mixed yesterday, with the Nasdaq Composite closing lower by 0.44% as investors rotated away from technology stocks. Meanwhile, the Dow Jones Industrial Average (DJIA) and the S&P 500 (SPX) gained about 0.55% and 0.01%, respectively.
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Meanwhile, QQQ was down 0.19% in Friday’s pre-market trading, as investors await a key jobs report and a potential U.S. Supreme Court ruling on tariffs.
Overall, the QQQ ETF has risen 0.18% over the past five days and is up about 23% in 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 $742.53 for the QQQ ETF implies an upside potential of 20%.
Currently, QQQ’s five holdings with the highest upside potential are:
- Strategy (MSTR)
- Datadog (DDOG)
- Atlassian Corporation (TEAM)
- Arm Holdings (ARM)
- Thomson Reuters (TRI)
Meanwhile, its top holdings with the greatest downside potential are:
- Warner Bros. Discovery (WBD)
- Paccar (PCAR)
- Lam Research (LRCX)
- Tesla (TSLA)
- Old Dominion Freight (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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