The Rise of QQQ: A Winning ETF on the Ascent

By: Alex Freidmen

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.

Unlocking the Power of ETFs with TipRanks

To further elevate your ETF investing game, TipRanks offers a portal for discovering the Top Equity ETFs with High Upside Potential, meticulously handpicked through TipRanks’ expert lens. It’s akin to having a seasoned captain navigating the tempestuous seas of the financial markets on your behalf.

See also  ALLR Investors Have Opportunity to Lead Allarity Therapeutics, Inc. Securities Fraud Lawsuit - Allarity Therapeutics (NASDAQ:ALLR)