Is PowerShares QQQ Trust Series I (QQQ-Q) Buy or Sell

Home Daily Stock Opinions and Ratings PowerShares QQQ Trust Series I (QQQ-Q)

NASDAQ:QQQ

282.71

4.21 (1.47%) 1d

DON'T BUY

US dollar version of the NASDAQ 100. He prefers to stay with the big tech names. Tech probably won't be the leader even in the early part of the cycle. If we're negative on tech, do you really want to short it? Problem is that we could have some massive rallies in the market when the attention turns back to tech, and then you might be caught. Probably too late to short tech stocks at this point.

E.T.F.'s

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SELL

She just sold this. That said, history says you need to technology to perform in order for the S&P to reach new highs. Tech has rallied 20% off the bottom. She sold QQQ and just bought JEPQ instead. JEPQ owns the Nasdaq 100 but sells 3-5% out of the money calls. As volatility remains high, she still gets that tech exposure but in a more defensive way. We won't get this V-shaped rally for the rest of the year.

E.T.F.'s

COMMENT

To hedge, you need puts to the downside in something like QQQ.

E.T.F.'s

COMMENT

QQQ vs. SOXX vs. TDOC QQQ and SOXX, he has no idea where the market's going to be next month, next quarter, or this year. All he knows is that there's going to be a lot of volatility. So it's an environment of less investing, more trading. Have to be nimble, active. SOXX charts very well, it's the DOW modern day Transport Index, so you need to watch it. He was in TDOC a year ago, and backed away. Healthcare and biotech have had a difficult time.

E.T.F.'s

BUY

With an October expiration, a $380 at the money put would cost you only 2.2%. Cheap.

E.T.F.'s

BUY

If the Fed raises interest rates There's a misunderstanding that when tapering occurs, interest rates go up. Actually, they go down post-QE. If you think tech stocks will still act like a bond-like security, then a rate move up will benefit tech. She takes the contrarian view to go long tech, based on her disagreeing with the consensus that the US 10-year yield will hit 2% by year's end. The market is baking in volatility already within QQQ's price.

E.T.F.'s

BUY

The trend is your friend, and stay long in this.

E.T.F.'s

COMMENT

Having a tilt towards tech has worked well. While we get into low inflation, these will do well. There are signs that underlying the surface of index returns, the market may not be as healthy as it might appear. A narrow group of stocks are driving the returns.

E.T.F.'s

DON'T BUY

Chinese stocks vs. QQQ stocks (U.S. tech) He prefers China-related. There's been such negative rhetoric with anything China-based, especially Chinese stocks, like delisting. But this has died down. The rotation will still hit the stocks in QQQ, so he'd rather buy Chinese stocks.

E.T.F.'s

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.

E.T.F.'s

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.

E.T.F.'s

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.

E.T.F.'s

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.

E.T.F.'s

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.

E.T.F.'s

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.

E.T.F.'s

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PowerShares QQQ Trust Series I(QQQ-Q) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 2

Stockchase rating for PowerShares QQQ Trust Series I is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

PowerShares QQQ Trust Series I(QQQ-Q) Frequently Asked Questions

What is PowerShares QQQ Trust Series I stock symbol?

PowerShares QQQ Trust Series I 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

Is PowerShares QQQ Trust Series I a buy or a sell?

In the last year, 2 stock analysts published opinions about QQQ-Q. 0 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for PowerShares QQQ Trust Series I.

Is PowerShares QQQ Trust Series I a good investment or a top pick?

PowerShares QQQ Trust Series I was recommended as a Top Pick by on . Read the latest stock experts ratings for PowerShares QQQ Trust Series I.

Why is PowerShares QQQ Trust Series I stock dropping?

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.

Is PowerShares QQQ Trust Series I worth watching?

2 stock analysts on Stockchase covered PowerShares QQQ Trust Series I In the last year. It is a trending stock that is worth watching.

What is PowerShares QQQ Trust Series I stock price?

On 2022-11-28, PowerShares QQQ Trust Series I (QQQ-Q) stock closed at a price of $282.71.

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PowerShares QQQ Trust Series I (QQQ-Q)

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PowerShares QQQ Trust Series I(QQQ-Q)

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PowerShares QQQ Trust Series I(QQQ-Q)

PowerShares QQQ Trust Series I(QQQ-Q)

PowerShares QQQ Trust Series I(QQQ-Q)

PowerShares QQQ Trust Series I(QQQ-Q)

PowerShares QQQ Trust Series I(QQQ-Q)

PowerShares QQQ Trust Series I(QQQ-Q)

PowerShares QQQ Trust Series I(QQQ-Q)

PowerShares QQQ Trust Series I(QQQ-Q)

PowerShares QQQ Trust Series I(QQQ-Q)

PowerShares QQQ Trust Series I(QQQ-Q)

PowerShares QQQ Trust Series I(QQQ-Q)

PowerShares QQQ Trust Series I(QQQ-Q) Rating

PowerShares QQQ Trust Series I(QQQ-Q) Frequently Asked Questions

What is PowerShares QQQ Trust Series I stock symbol?

Is PowerShares QQQ Trust Series I a buy or a sell?

Is PowerShares QQQ Trust Series I a good investment or a top pick?

Why is PowerShares QQQ Trust Series I stock dropping?

Is PowerShares QQQ Trust Series I worth watching?

What is PowerShares QQQ Trust Series I stock price?