
NASDAQ:QQQ
This summary was created by AI, based on 4 opinions in the last 12 months.
The Invesco QQQ Trust Series 1, represented by the symbol QQQ-Q, is heavily weighted in technology and communications, making up about 45-50% of its holdings. Reviews suggest a positive outlook for the stock, particularly ahead of upcoming tech earnings, which are expected to be strong. While strong earnings projections exist, experts advise caution regarding the degree of tech exposure in investment portfolios. Despite the tech sector’s resilience and notable growth, some analysts view it as a crowded trade with significant ownership across many investors, suggesting better risk/reward opportunities might lie in other sectors. Valuation concerns are also raised, indicating that multiples are not cheap, and reinforcing the notion of diversifying investments beyond just large-cap tech names.
QQQ vs ZQQ? He thinks the Canadian dollar has over shot its real value here, so that factors into a Canadian hedged ETF. On an annual basis you should expect subdued growth for the next while. Having a decent weight in the NASDAQ makes sense.
[Is there an unhedged version or can he recommend a NASDAQ version] Larry recommends the QQQ-Q as there is no unhedged Canadian version.