🥳🥳🥳Why We Can Be 🐂-ish For QQQ❣️
QQQ is an ETF that aims to track the NASDAQ. QQQ hit a low of $$254.26 in Oct 2022 but its closing price on 29/3 was $315.68, that is an increase of 24.2% & that pushes QQQ into the 🐂 market territory.
We know that whenever the Fed increase interest rates, QQQ's share price would drop. However, some experts say that the current signs:
⭐️ No additional bank failures,
⭐️ A weak housing market,
⭐️ Fears of recession give the Feds reason to pause or even stop rate hikes altogether now,
⭐️ The recent once-in-a-lifetime technological Generative AI🤖 advances has also give the tech industry the base to innovate new products which explains the 🐂-ish sentiment among investors🥳🥳🥳
Bank of America analysts stated that our popular META♾ AAPL🍎AMZN📦 GOOGL💻 have collectively missed earnings estimates by 8% in Q4 2022, so it’s difficult to choose which tech stock will race ahead🚵♀️🚵♂️ in the 🤖 competition. Instead of closely monitoring the progress of these & other 🤖-related stocks individually, investment in the QQQ ETF might be an easier decision that may be profitable in the short, medium & long term. By investing in QQQ, we’ll invest in 101 stocks across the tech industry. QQQ has outperformed SPY & VOO during the recent 🐻 market. By buying QQQ, we’ll gain exposure to the 🐂-ish tech & chip stocks MSFT, META, AAPL as well as other chip stocks like NVDA, AMD, QCOM, AVGO, TXN, INTC, that are in also SOXL $NVIDIA Corp(NVDA)$ Bullish$Meta Platforms, Inc.(META)$ Bullish$Microsoft(MSFT)$ Bullish$Apple(AAPL)$ Bullish$Semiconductor Bull 3X Shares(SOXL)$ Bullish
The top 25 holdings of QQQ as of 29/3 are as follows:
⭐️ QQQ has a Moderate Buy consensus rating. Among a total of 1,724 analysts who have given ratings for the 101 holdings of QQQ combined, 65.72% have given a Buy rating, 29.76% have given a Hold rating, & 4.52% have given QQQ a Sell rating.
⭐️ Based on 1,759 Wall Street analysts offering 12 month price🎯, the average price🎯 is $352.38 with a high🎯 of $451.40 & a low🎯 of $264.39. If we buy now at the last closing price of $315.68, we potentially have an upside of about 12%🤗🤗🤗
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Modify on 2023-04-01 21:35
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