Investor Insights

This summary was created by AI, based on 9 opinions in the last 12 months.

The experts have mixed opinions on the BMO NASDAQ 100 HEDGED TO CAD INDEX ETF (ZQQ-T). Some experts believe that it is a good tactical play and should be a part of the portfolio, particularly for its exposure to tech and healthcare. However, there are concerns about its elevated valuation and the potential for a correction in the tech sector. Additionally, there is a consensus that ZQQ is a good investment for those looking for exposure to the FAANG stocks and AI-related companies.

Consensus
Mixed
Valuation
Overvalued
BUY

Likes it and uses it often. It's fine as a core holding. AI offers huge growth ahead.

E.T.F.'s
PAST TOP PICK
(A Top Pick Jun 27/23, Up 30%)

Will continue to own shares. Good option for investors to include in portfolio. 

E.T.F.'s
TRADE

A lot of the tech stocks are approaching their price targets, so what's an investor to do? He always recommends writing some calls, actively managing them. You can do this on ETFs over the counter.

Runway for SOXX is probably longer than that of the ZQQ.

E.T.F.'s
TOP PICK

AI is going to be as transformative as the internet. The Magnificent 7 are for real and must be owned, though some are more pricey. When you buy this basket, you get a nice mix and it's just easier. Likes that it's hedged, so you can invest as if you were an American. Likes the tech along with the healthcare names.

E.T.F.'s
PARTIAL BUY

62% tech, with the rest being in consumer discretionary, healthcare, etc. Trading about 30x PE, 4.7x price to sales, which is above the 10-year average of 26x PE and 3.8x price to sales. Elevated valuation. He'd prefer the general NASDAQ index over just the tech index. Cost is 39 bps, a portion in your portfolio could make sense.

E.T.F.'s
WATCH

Prominent names. Be careful of the valuations of NASDAQ, as the average PE is 38x on this ETF, average price to sales is 4.3x. Makes sense as part of a portfolio, but watch the valuation.

E.T.F.'s
BUY
ZQQ vs. HTA

He'd be more cautious of HTA, because if he's going to take the risk of tech, he wants to have the full growth potential of that and not be somewhat coralled by covered calls. On tech, he'd be doing ZQQ.

E.T.F.'s
PAST TOP PICK
(A Top Pick May 19/22, Up 25%)

A tactical play, not a core position. Dragged up by all the AI stuff. FAANG has been renamed "The Magnificent Seven".

E.T.F.'s
TOP PICK

The FAANGs have room to go. Valuations of Google, Amazon, Meta and MSFT are still compelling. AI is a tailwind. Other holdings include innovative healthcare. One to buy and leave along for a while.

E.T.F.'s
SELL

Believes it is time to sell this stock.
Correction on the way with tech.
Tech stocks over valued.
Waiting for weakness before buying.

E.T.F.'s
PARTIAL SELL
ZQQ vs. SOXX

Both have had very good runs. He'd take a third off the table. If it goes up, you still have two thirds. If it goes down, pat yourself on the back for being so smart. Then you can figure out if the trend is there to go lower. For both he'd trim a bit, and either way you'll feel good about yourself. :)

E.T.F.'s
DON'T BUY

A good idea a year ago, as the CAD was stronger. A year ago, CAD was $1.27, but now it's at $1.36. CAD is going to work its way back up, and the USD down, though CAD probably won't go beyond $1.38. If you're going to add, just add to the straight QQQ.

E.T.F.'s
COMMENT
It is down about 30% and market cap weighted so a few stocks can prevail over the rest the holdings. An alternative is QQEQ.F which equal weights the 100 stocks in the NASDAQ and therefore gives broader exposure. It is down 20%.
E.T.F.'s
DON'T BUY
ZQQ vs. XSP He's underweight tech and communications and high-growth stocks. If you look at the NASDAQ 100, it's down 31% from last November highs. Still kind of expensive at 3.7x price to sales, a bit of a premium to 10-year average of 3.5x. Just because it's come down in price, doesn't necessarily make it cheap. He'd prefer the XSP, as it's more diversified, though it still has 34-35% in tech and communications. He's been noticing the equal weight index outperforming, but tech and communications are still not improving.
E.T.F.'s
DON'T BUY
Highly into the tech side. Hedging means it didn't benefit you as the USD went up, but may benefit you if the CAD starts to rise, but he's not certain. NASDAQ down about 31%. He prefers to stay with the big tech names. Trading at 3.7x price to sales, still a slight premium to 10-year average.
E.T.F.'s
Showing 1 to 15 of 88 entries

BMO NASDAQ 100 HEDGED TO CAD INDEX ETF(ZQQ-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 3

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 3

Stockchase rating for BMO NASDAQ 100 HEDGED TO CAD INDEX ETF 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.

BMO NASDAQ 100 HEDGED TO CAD INDEX ETF(ZQQ-T) Frequently Asked Questions

What is BMO NASDAQ 100 HEDGED TO CAD INDEX ETF stock symbol?

BMO NASDAQ 100 HEDGED TO CAD INDEX ETF is a Canadian stock, trading under the symbol ZQQ-T on the Toronto Stock Exchange (ZQQ-CT). It is usually referred to as TSX:ZQQ or ZQQ-T

Is BMO NASDAQ 100 HEDGED TO CAD INDEX ETF a buy or a sell?

In the last year, 3 stock analysts published opinions about ZQQ-T. 3 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for BMO NASDAQ 100 HEDGED TO CAD INDEX ETF.

Is BMO NASDAQ 100 HEDGED TO CAD INDEX ETF a good investment or a top pick?

BMO NASDAQ 100 HEDGED TO CAD INDEX ETF was recommended as a Top Pick by on . Read the latest stock experts ratings for BMO NASDAQ 100 HEDGED TO CAD INDEX ETF.

Why is BMO NASDAQ 100 HEDGED TO CAD INDEX ETF 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 BMO NASDAQ 100 HEDGED TO CAD INDEX ETF worth watching?

3 stock analysts on Stockchase covered BMO NASDAQ 100 HEDGED TO CAD INDEX ETF In the last year. It is a trending stock that is worth watching.

What is BMO NASDAQ 100 HEDGED TO CAD INDEX ETF stock price?

On 2024-07-23, BMO NASDAQ 100 HEDGED TO CAD INDEX ETF (ZQQ-T) stock closed at a price of $138.59.