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
The stock market has been recovering slowly but steadily in 2023 after last year's battering. This is evident from the 7% gains that the S&P 500 has logged so far this year despite facing multiple headwinds -- such as the banking crisis in the U.S., the debt ceiling, and the
Stocks can swing wildly from year to year, as investors were reminded in 2022. While investors can't control the markets, some stocks allow them to sleep well at night better than others.
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
On Tuesday, Apple AAPL revealed a significant partnership with Broadcom AVGO to collaborate on the development of 5G radio frequency components within the United States. The multi-billion dollar deal involves Broadcom working alon
With shares of tech giant Apple (NASDAQ: AAPL) up more than 32% year to date, some investors might be wondering if the stock has become overvalued. After all, revenue or earnings didn't grow during this period. On the contrary, they contracted.
Most investors likely recognize Meta Platforms (NASDAQ: META) as the social media titan that reaches more than 3.8 billion people monthly through Facebook, Messenger, Instagram, and WhatsApp. They also probably know it's struggled over the past year with Apple's (NASDAQ: AAPL) pr
Nvidia (NASDAQ: NVDA) just rocked the technology world. The company provided an outlook for its second quarter that Wedbush analyst Dan Ives called "guidance for the ages."
The analysts covering Nvidia NVDA are struggling to come up with superlatives to describe the chipmaker’s blockbuster quarterly results. Coming into Nvidia’s May 26th quarterly numbers, many analysts saw some upside to consensus e
The NASDAQ 100 After Hours Indicator is up 10.41 to 14,308.82. The total After hours volume is currently 77,561,915 shares traded.The following are the most active stocks for the after hours session: Intel Corporation (INTC) is unchanged at $29.00, with 4,233,908 shares traded.
Checked
15 minutes 41 seconds ago
This feed is responsible for generating the rss feed related to the topic aapl