QQQ Stock Performance Overview
How exactly is Invesco QQQ ETF faring in the volatile stock market seas? It appears that the ETF has navigated the choppy waters well, with a commendable 2.48% surge in the past 5 days and a substantial uptick of approximately 18% year-to-date.
TipRanks’ Insightful Analysis
Based on TipRanks’ unique and nuanced ETF analyst consensus, which is determined through a calculated and thorough evaluation of its holdings’ analyst ratings, QQQ is currently labeled as a ‘Moderate Buy’. Furthermore, The Street’s average price target of $520.71 suggests a promising upside of about 6%.
Holding Court: QQQ’s High Flyers and Underachievers
At the forefront of QQQ’s roster, glimmer five holdings showcasing the most promising potential, which include PDD Holdings, Warner Bros. Discovery, CoStar Group, Illumina, and Dexcom. Conversely, lurking in the shadows are its bottom five holdings with the greatest downside potential, such as ARM Holdings PLC ADR, KLA, Verisk Analytics, Texas Instruments, and Tesla.
Smart Score Insights
Unveiling a Smart Score of eight, the QQQ ETF demonstrates its prowess in potentially outshining the broader stock market – a feat likely to allure even the most cautious investor.
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