The Invesco QQQ Trust ETF (QQQ), which tracks the performance of the Nasdaq 100 Index (NDX), was up 0.65% in Wednesday’s pre-market trading as President Donald Trump extended the U.S. ceasefire in Iran, citing Tehran’s “seriously fractured” government.
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Trade QQQ with leverageMeanwhile, the QQQ ETF fell 0.38% on Tuesday amid escalating tensions between the U.S. and Iran.
Overall, the QQQ ETF has risen 5.69% over the past five days and is up about 45.5% 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 $749.40 for the QQQ ETF implies an upside potential of 16.3%.
Currently, QQQ’s five holdings with the highest upside potential are:
Currently, QQQ’s top holdings with the highest downside potential are:
- Marvell Technology (MRVL)
- Intel (INTC)
- Monolithic Power (MPWR)
- Western Digital (WDC)
- Old Dominion Freight Line (ODFL)
Revealingly, QQQ ETF’s Smart Score is eight, implying that this ETF has the ability to outperform the broader market over the long term.