How is QQQ stock faring? The Invesco QQQ ETF has declined 1.19% over the past five days, but is up about 21.6% year-to-date.
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What Moved the QQQ ETF?
The QQQ ETF, which tracks the performance of the Nasdaq 100 Index (NDX), rose 0.65% on Wednesday, driven by a recovery in artificial intelligence (AI) and tech stocks.
In Thursday’s pre-market trading, the QQQ ETF was up 0.19%, as traders watch the lofty valuations of AI stocks and the Supreme Court’s arguments about Trump’s tariffs.
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 Moderate Buy. The Street’s average price target of $707.36 for the QQQ ETF implies an upside potential of 13.5%.
Currently, QQQ’s five holdings with the highest upside potential are Strategy (MSTR), Dexcom (DXCM), Atlassian Corporation (TEAM), The Trade Desk (TTD), and CoStar Group (CSGP).
Meanwhile, its five holdings with the greatest downside potential are Tesla (TSLA), Applied Materials (AMAT), Micron Technology (MU), Warner Bros. Discovery (WBD), and Intel (INTC).
Revealingly, QQQ ETF’s Smart Score is eight, implying that this ETF is likely to outperform the broader market.
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