How is QQQ stock faring? The Invesco QQQ ETF has risen 2.02% over the past five days and is up 20.0% year-to-date.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
What Moved the QQQ ETF?
The QQQ ETF, which tracks the performance of the Nasdaq 100 Index (NDX), fell 0.96% on Wednesday amid a broader selloff in the tech sector due to the U.S.-China trade tensions.
In Thursday’s pre-market trading, the QQQ ETF was down 0.37% as of writing, as investors absorbed the latest earnings releases, including those from Tesla (TSLA) and IBM (IBM).
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 $690.70 for the QQQ ETF implies an upside potential of 14.1%.
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), Warner Bros. Discovery (WBD), and Lam Research (LRCX).
Revealingly, QQQ ETF’s Smart Score is eight, implying that this ETF is likely to outperform the broader market.
Power up your ETF investing with TipRanks. Discover the Top Equity ETFs with High Upside Potential, carefully curated based on TipRanks’ analysis.