The Invesco QQQ Trust ETF (QQQ), which tracks the performance of the Nasdaq 100 Index (NDX), was down 1.85% in Thursday’s pre-market trading after U.S. President Donald Trump indicated that the Iran war would continue. Oil prices surged following Trump’s comments.
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New trading tool for QQQ bullsOn Tuesday, the QQQ ETF rose 1.24% on hopes of an end to the U.S.-Iran conflict.
Overall, the QQQ ETF has declined 0.28% over the past five days, but is up 21.2% 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 $745.68 for the QQQ ETF implies an upside potential of 27.6%.
Currently, QQQ’s five holdings with the highest upside potential are:
Currently, QQQ’s top holdings with the highest downside potential are:
Revealingly, QQQ ETF’s Smart Score is seven, implying that this ETF is expected to perform in line with the broader market over the long term.