How is QQQ stock doing? The Invesco QQQ ETF is down 0.84% over the past five days, but is up 15.8% year to date.
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What Made the QQQ ETF Move?
The QQQ ETF, which tracks the performance of the Nasdaq-100 Index (Ndx), jumped 2.2% on Monday as President Donald Trump softened his tone on the possibility of new tariffs on China.
However, the QQQ ETF was down 1.2% in Tuesday’s premarket trading as the U.S.-China trade war intensified, with Beijing banning Chinese companies from doing business with the U.S. subsidiaries of South Korean shipbuilding giant Hanwha Ocean.
Top QQQ Stocks with the Highest Upside/Downside Potential
According to TipRanks’ unique ETF analyst consensus, which is based on a weighted average of analyst ratings of its holdings, QQQ is a Moderate Buy. The average Street price target of $662.07 for the QQQ ETF implies approximately 10% upside potential.
Currently, the five QQQ stocks with the highest upside potential are Strategy (MSTR), Atlassian Corporation (TEAM), Dexcom (DXCM), Charter Communications (CHTR), and Comcast (CMCSA).
Meanwhile, its five stocks with the most downside potential are Intel (INTC), Tesla (TSLA), Palantir Technologies (PLTR), Lam Research (LRCX), and Applied Materials (AMAT).
Tellingly, QQQ ETF’s Smart Score is eight, implying that this ETF is likely to outperform the market as a whole.
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