The Invesco QQQ Trust ETF (QQQ), which tracks the performance of the Nasdaq 100 Index (NDX), was up 0.09% in Friday’s pre-market trading as traders assessed the shaky U.S.-Iran ceasefire amid Israel’s continued attacks on Lebanon. Investors will also pay attention to March’s Consumer Price Index (CPI) reading, a critical inflation gauge that could impact the U.S. Federal Reserve’s policy.
Claim 55% Off TipRanks
Forget margin or options. Here's how the pros trade APPMeanwhile, the QQQ ETF gained 0.68% on Thursday on hopes that the ceasefire will hold.
Overall, the QQQ ETF has risen 4.62% over the past five days and is up about 37% 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 $756.64 for the QQQ ETF implies an upside potential of 24%.
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 eight, implying that this ETF has the ability to outperform the broader market over the long term.