Launched on 06/19/2006, the First Trust Dow Jones Internet ETF (FDN) is a passively managed exchange traded fund designed to provide a broad exposure to the Technology - Internet segment of the equity market.
The iShares Expanded Tech Sector ETF (IGM) was launched on 03/13/2001, and is a passively managed exchange traded fund designed to offer broad exposure to the Technology - Broad segment of the equity market.
Artificial intelligence (AI) is hot right now. Some might argue that it's too hot. The valuations of many of the biggest AI leaders have skyrocketed so far this year, but there's still a lot of room for them to run over the next few years. My prediction is that six AI stocks will
Nvidia Corp was on track on Tuesday to breach $1 trillion in market capitalization for the first time, making it the first U.S. chipmaker to join the trillion-dollar club.
Artificial intelligence (AI) has been the talk of the investment community in 2023, as a number of companies have showcased the potential of their game-changing projects -- from OpenAI's ChatGPT to Alphabet's new large language model, Bard, designed for its Google Search platform
Regardless of how long you've been investing, the pace of change on Wall Street is something to marvel at. In 2021, the ageless Dow Jones Industrial Average (DJINDICES: ^DJI), benchmark S&P 500 (SNPINDEX: ^GSPC), and growth-focused Nasdaq Composite (NASDAQINDEX: ^IXIC) were r
Below is Validea's guru fundamental report for AMAZON.COM, INC. (AMZN). Of the 22 guru strategies we follow, AMZN rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhi
Launched on 05/22/2000, the iShares Russell 1000 Growth ETF (IWF) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Growth segment of the US equity market.
Making its debut on 09/28/2015, smart beta exchange traded fund John Hancock Multifactor Large Cap ETF (JHML) provides investors broad exposure to the Style Box - Large Cap Blend category of the market.
If you're interested in broad exposure to the Consumer Discretionary - Broad segment of the equity market, look no further than the iShares U.S. Consumer Discretionary ETF (IYC), a passively managed exchange traded fund launched o
The recovery in the share prices of large
technology companies and the rally in top
chip stocks, including Nvidia (
NASDAQ:NVDA
) and Advanced Micro Devices (
NASDAQ:AMD
), have driven the Invesco QQQ Trust (
QQQ
) ETF (
Exchange-Traded fund) higher. Up about 31% year-to-date, QQQ recently crafted a new 52-week high of $349.24. Meanwhile, it has significantly outperformed the broader S&P 500 Index (
SPX
) by a wide margin. While QQQ has gained in value, analysts see further upside.
Lower valuation, significant cost-cutting measures, improving demand trends, and easing inflation have led to a recovery in tech stocks, pushing the QQQ ETF’s stock price higher. For instance, QQQ tracks the Nasdaq-100 index (
NDX
), and its
top five holdings, including Microsoft (
NASDAQ:MSFT
), Apple (
NASDAQ:AAPL
), Nvidia, Amazon (
NASDAQ:AMZN
), and Alphabet (
NASDAQ:GOOGL
) have delivered substantial gains in 2023. Refer to the image below for the weightage and performance of its top five holdings so far this year.
What’s the Prediction for QQQ ETF?
On TipRanks, the QQQ ETF has an
Outperform Smart Score of eight, suggesting it could continue to outperform the broader market averages. Moreover, the ETF has further upside potential based on the analysts' consensus view of nearly 2K ratings.
Per the recommendations of 1,719 analysts giving stock forecasts for the holdings of QQQ, the 12-month average
Invesco QQQ Trust ETF price target of $375.77 implies 7.85% upside potential from current levels. Also, the ETF sports a Moderate Buy consensus rating on TipRanks.
Among the analysts providing ratings on its holdings, 66.96% have given a Buy rating, 29.20% have assigned a Hold rating, and 3.84% have given a Sell rating.
Bottom Line
QQQ offers exposure to the top tech stocks with diversification, thus reducing your overall risk. Meanwhile, its market-beating returns, analysts’ optimistic outlook, and low expense ratio make it an attractive tech-focused ETF.
While QQQ has registered significant gains this year, it has
lagged behind this tech ETF.
Disclosure
The stock market is on a growth path, with the Nasdaq Composite index up 24% since Jan. 1. The market is benefiting from gradually easing inflation after countless stocks experienced steep declines amid an economic downturn last year. As many companies begin to recover, now is an
Artificial intelligence (AI) is changing how people work, read, shop, and do just about anything else. Companies have been using AI models for years for all sorts of functions, such as predictions on seasonal shopping demands and inventory management.
Plug Power (NASDAQ: PLUG) has grown a lot in the last decade, but that growth has come at a cost. Cash flow has been negative and the company has one way to keep funding operations. Travis Hoium digs into the biggest concern for the company long term.
Meta Platforms (NASDAQ: META) is the latest big tech company to announce new in-house-made semiconductor solutions. Is this bad news for semiconductor stocks? Check out the short video to learn more, consider subscribing, and click the special offer link below.