KEY TAKEAWAYS The ProShares UltraPro Short QQQ (SQQQ) is a 3x leveraged inverse ETF that tracks the Nasdaq 100. It seeks to return the exact results of the Nasdaq 100 index times negative three. This ETF follows the Nasdaq 100, which is heavily weighted toward technology and telecommunications stocks. The SQQQ is meant to be held intraday and is not a long-term investment, where expenses and decay will quickly eat into returns. It is not appropriate to be a long-term holding, even among bearish investors. Established in February 2010 by ProShares, $Nasdaq100 Bear 3X ETF(SQQQ)$ is aninverse-leveraged exchange-traded fund(ETF) that tracks the Nasdaq-100 Index.The Nasdaq 100 is composed of the largest companies, both domestic and international, listed o

Nio (NIO) Electric Vehicle makers in China are having trouble due to the fresh Covid-19 lockdown. Having recently announced a forced halt in EV production, Nio(NYSE:NIO) stock has suffered. The stock tumbled after the announcement since investors assumed that the company will miss production targets. Once the impact of the pandemic subsides, Nio will have a massive market to cater to since the demand for EVs is only going to expand in the coming years. I think the market is overreacting to this move and has a misunderstanding that Nio has completely suspended production. However, this is not the case. Let’s dig deeper into the two reasons you should be bullish on NIO stock. The Production Halt Was Temporary The situation is not as bad as it is feared and I think that it is only tempor

On top of the seemingly endless list of headwinds affecting market sentiment in 2022, with Russia’s invasion of Ukraine, the geopolitical landscape became more hazardous.Monness’ Brian White thinks such chaos “plays into the hands” of $Palantir Technologies Inc.(PLTR)$. The problem for the big data specialist is that with the global economy appearing to be in a “downward spiral,” that won’t be enough to counter the bearish trends.Next-generation software companies are bound to suffer, says White, given investors’ priorities lies elsewhere right now. The analyst does not expect to see a swift reversal of this trend anytime soon.Additionally, White thinks the stock’s recent gains (up by 50% since the May lows), could prove “unsustainable” in the p