Berkshire Hathaway CEO Warren Buffett might not be the first name you think of when it comes to cutting edge artificial-intelligence (AI) investments. But while the famously successful moneyman is best known as a value-investing guru, his company also has holdings in promising te
For Immediate ReleaseChicago, IL – May 30, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financ
By now, everyone knows that Apple (NASDAQ: AAPL) is working on a mixed-reality headset that combines elements of virtual reality (VR) and augmented reality (AR). This headset, representing the company's first major product release since the Apple Watch in 2015, could be unveiled
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.
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
For Immediate ReleaseChicago, IL – May 30, 2023 – Zacks.com releases the list of companies likely to issue earnings surprises. This week’s list includes Nvidia NVDA, Microsoft MSFT, Alphabet GOOGL, Apple AAPL and Meta META.
Imagine if you could buy a piece of the companies that make your favorite smartphone apps, video games, or even your computer’s operating system. Well, that’s precisely what investing in tech stocks is all about. The technology sector comprises companies that are invo
Warren Buffett has long advocated dividend stocks. Last year, his Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) generated $6 billion in dividends, up roughly 20% from $5 billion in 2021. Buffett's affinity for dividend stocks reflects his preference for companies that exhibit st
Below is Validea's guru fundamental report for APPLE INC (AAPL). Of the 22 guru strategies we follow, AAPL rates highest using our Patient Investor model based on the published strategy of Warren Buffett. This strategy seeks out firms with long-term, predictable profitability an
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.
Designed to provide broad exposure to the Style Box - Large Cap Value category of the market, the WisdomTree U.S. Quality Dividend Growth ETF (DGRW) is a smart beta exchange traded fund launched on 05/22/2013.
If you're interested in broad exposure to the Large Cap Growth segment of the US equity market, look no further than the SPDR Portfolio S&P 500 Growth ETF (SPYG), a passively managed exchange traded fund launched on 09/25/2000
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 Large Cap Value segment of the US equity market, look no further than the WisdomTree U.S. LargeCap ETF (EPS), a passively managed exchange traded fund launched on 02/23/2007.
There aren't many people that can captivate the attention of new and tenured investors quite like Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett. The company's annual shareholder meeting, which drew a crowd of a few dozen people in 1973, now regularly features a
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