How is QQQ stock faring? The Invesco QQQ ETF has risen 2.23% over the past five days and is up 20.1% year-to-date.
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What Moved the QQQ ETF?
The QQQ ETF, which tracks the performance of the Nasdaq 100 Index (NDX), closed slightly lower by 0.03% on Tuesday, as some technology names lost steam.
In Tuesday’s pre-market trading, the QQQ ETF was down 0.24% as of writing, as investors digested the latest earnings releases.
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 $682.88 for the QQQ ETF implies an upside potential of about 11.7%.
Currently, QQQ’s five holdings with the highest upside potential are Strategy (MSTR), Charter Communications (CHTR), Atlassian Corporation (TEAM), Dexcom (DXCM), and Comcast (CMCSA).
Meanwhile, its five holdings with the greatest downside potential are Intel (INTC), Tesla (TSLA), Palantir Technologies (PLTR), Lam Research (LRCX), and KLA Corporation (KLAC).
Revealingly, QQQ ETF’s Smart Score is eight, implying that this ETF is likely to outperform the broader market.
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