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2 Big Technology Stocks That Are BackStocks and cryptos slide3 Dependable Long Term Stocks to HoldThis summary was created by AI, based on 14 opinions in the last 12 months.
The experts have mixed opinions on the QQQ Trust, with some recommending it as a long-term hold, while others are cautious due to potential market volatility and high valuations in the tech sector. There is also concern about the impact of interest rate changes on the stock. It is noted that the trust includes top holdings such as Apple, Microsoft, Amazon, Nvidia, and Meta, which have outperformed in 2023. Social media mentions have also significantly increased, indicating heightened interest from retail investors.
Still likes the Qs. Good to hold long term. To be defensive, sell calls.
Market timing of course is rarely perfect nor recommended. On a fundamental basis, lower interest rates (expected) and improving corporate profits (likely) are good for the tech sector. But anything that changes these expectations could result in a sell off even just on profit taking alone. Still, conditions we think favour buyers right now, and we would be comfortable buying QQQ.
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TQQQ gives you performance that's 3x the daily (an important distinction) performance of the NASDAQ 100, magnified returns and magnified risk. Be very cautious of this strategy.
QQQ gives exposure mostly to tech, and larger weightings in the Magnificent 7. He owns some of those names, but he's very cautious of owning the broader tech index, as valuations are extended.
He just sold it after buying it at $368. Is feeling bearish about the rest of the year. Tech and communication services will offer the only chance of a Q4 rally. And yes, he sold QQQ right before megatech reports next week, and those reports could be good. What changed his mind was the Fed, appearing that they won't quit raising interest rates (Jay Powell spoke yesterday).
He just bought the dip in megatech. Expects upside in megatech in Q4 as the market chases performance. Megatech will deliver such returns.
Outlook for the remainder of the year and going into 2024, we could be range bound. If we're range bound, it's very technically driven, so you have to know where resistance and support are.
You have to trade it, because we're not in an investing environment.
Buy on dips. Last year you would have bought on any rally.
SPY is more diversified than QQQ, which is mainly technology, biotech, and some consumer names. SPY is 26% technology, 8% communications. Tech sector has gotten ahead of itself again, and the valuations are not that attractive.
He just bought this a little, based on inflation coming down a bit. He's still sitting on a ton of cash. QQQ is a trade, not a long.
Invesco QQQ Trust Series 1 is a American stock, trading under the symbol QQQ-Q on the NASDAQ (QQQ). It is usually referred to as NASDAQ:QQQ or QQQ-Q
In the last year, 8 stock analysts published opinions about QQQ-Q. 4 analysts recommended to BUY the stock. 4 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Invesco QQQ Trust Series 1.
Invesco QQQ Trust Series 1 was recommended as a Top Pick by on . Read the latest stock experts ratings for Invesco QQQ Trust Series 1.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
8 stock analysts on Stockchase covered Invesco QQQ Trust Series 1 In the last year. It is a trending stock that is worth watching.
On 2024-04-24, Invesco QQQ Trust Series 1 (QQQ-Q) stock closed at a price of $426.44.
Is shorting the QQQ as a hedge. The VIX has moved up a lot in recent weeks.