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QQQ ETF Update, 12/8/2023 
Market News

QQQ ETF Update, 12/8/2023 

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Here’s a quick look at Invesco QQQ Trust ETF’s performance.

How is QQQ stock faring? The Invesco QQQ ETF is up 1% in the past 5 days and has risen 46.2% year-to-date. 

Pick the best stocks and maximize your portfolio:

According to TipRanks’ unique ETF analyst consensus, determined according to a weighted average of its holdings’ analyst ratings, QQQ is a Moderate Buy. The Street’s average price target of $434.91 implies an upside of about 11%.

Currently, QQQ’s five holdings with the highest upside potential are Marvell (MRVL), Warner Bros. Discovery (WBD), Moderna, (MRNA), JD.Com (JD), and Nvidia (NVDA). Its five holdings with the greatest downside potential are Intel (INTC), Lululemon Athletica (LULU), Fastenal Company (FAST), Palo Alto Networks (PANW), and Idexx Laboratories (IDXX).  

Revealingly, QQQ’s ETF Smart Score is eight, implying that this ETF is likely to outperform the market.  

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