NASDAQ:QQQ

Invesco QQQ Trust Series 1 (QQQ)

705.06
-35.55 (4.80%)
as of Jun 5, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconJun 5, 2026, 12:00 am

This summary was created by AI, based on 5 opinions in the last 12 months.

The Invesco QQQ Trust Series 1, symbol QQQ-Q, is heavily weighted in technology and communications, representing approximately 45-50% of the index. Many experts suggest that despite the strong performance of the tech sector, investors should be cautious about the level of tech exposure in their portfolios. There's a sentiment that acquiring shares before upcoming tech earnings reports could be beneficial, given expectations for strong results. However, some analysts note the potential for overcrowded trades and suggest exploring better risk/reward opportunities in other sectors. Despite this, the overall earnings outlook for major tech companies remains resilient, and the tech complex is seen as being well-positioned amidst market conditions.

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Consensus
Cautious
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Valuation
Fair Value
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SPY
BUY
A lot of stocks have pulled back because of interest rates going up. A buying opportunity. A lot of companies in the NASDAQ will continue to do well. It's not like 2000. These are real companies with real businesses. Incredible balance sheets, no debt, very strong growth profiles.
DON'T BUY
The top 10 stocks of the NASDAQ 100 represent 58% of market cap weight. It's a narrow market. In the next 6-12 months, it could continue to work. The biggest risk is change in tax policy from the US which could affect the ability of tech stocks to avoid their tax responsibility. He wouldn't be chasing this right now.
BUY ON WEAKNESS
He loves technology in general. There are better ways to play it. You might want to go 15-20% into tech. He would wait for the pull back here. Dollar cost average in over the next couple of months.
COMMENT

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.

COMMENT
Nasdaq? He owned a short Nasdaq ETF as a hedge for a while. Now that there is blue sky for the technology names, he covered that. He is expecting a pull back soon, so be cautious and patient.
COMMENT

QQQ vs XLK? XLK has a large position in MSFT and AAPL, whereas the QQQ is more diversified. To broaden the exposure he might add KWEB that adds exposure into the Asian marketplace, including BABA. He thinks these holdings will continue to crush things.

PARTIAL BUY
Tech ETFs? If you look at the Nasdaq 100 most of the index are the FANG companies. You could buy QQQQ or ZQQ (in CAD dollars). He would not wait for the end of the crisis, you want to take advantage of these sell offs. You could begin to build a position around here.
PARTIAL SELL
Any asset tilted to deflation is a winner. US growth stocks are a very crowded traded, so not good. They're melting up at a crazy pace. Take profits from the US tech sector.
PAST TOP PICK

(A Top Pick Dec 04/18, Up 32%) Great tech ETF.

BUY
Owns only emerging markets, so should I buy North American stocks? Definitely broaden your horizons. He predicts a secular bull market to 2030. Looks at the U.S. for its financials and tech, and India, given the latter's big infotech component. ETFs like QQQ are good. A lot of EM are based in resources which can fall into long bear markets.
COMMENT

[Is there an unhedged version or can he recommend a NASDAQ version] Larry recommends the QQQ-Q as there is no unhedged Canadian version.

COMMENT
VGT vs QQQ-Q VGT is a pure tech play vs. QQQ which also holds healthcare and biotech. You're not de-risking by moving into QQQ from VGT. Also look at TXF.
COMMENT
A tech ETF recommendation? He likes XLK-N, which has all the big players and of course QQQ-Q and the ZQQ-T. It depends on whether you want a particular skew in Apple, Facebook, etc. The QQQ-Q provides the best diversification he thinks.
TOP PICK

Not for everyone, because it covers the tech sector which has been beaten until valuations are now reasonable. It holds 10% Apple, 10% Amazon and some Facebook. If you're aggressive and like tech, this is the place to go.

PAST TOP PICK

(A Top Pick May 18/18, Up 12%) Economic growth for technology is well beyond what he’s ever seen. Technology mitigates seasonal downturns. Trend of higher highs, higher lows. Apple’s vulnerability could bring it down.

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