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QQQ ETF Shows Moderate Growth Amid Tech Stock Volatility
QQQ ETF Shows Moderate Growth Amid Tech Stock Volatility
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BTCCSquare news:
The Invesco QQQ ETF has gained 0.57% over the past week, bringing its year-to-date performance to a solid 13.2% increase. Analysts maintain a Moderate Buy rating, with a consensus price target suggesting 10.6% upside potential.
MicroStrategy leads the fund's holdings with highest projected gains, followed by Charter Communications and Atlassian. On the flip side, Palantir and Tesla weigh on the portfolio as the most vulnerable positions.
With a Smart Score of 7, the ETF appears positioned for market-matching performance. The current landscape highlights the ongoing divergence between winning and lagging tech stocks within the Nasdaq-100 index.
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