TSE:HXQ

88.79
0.72 (0.82%) 1d
0
Investor Insights

This summary was created by AI, based on 1 opinions in the last 12 months.

Experts agree that HXQ is a top pick for a CAD ETF that tracks the NASDAQ-100. It is preferred over similar options like XQQ and XQQU due to its efficiency for taxes and lack of distributions. Overall, it is considered a strong choice for investors looking to invest in the NASDAQ-100.

Consensus
top
Valuation
Fair Value
Similar
AAPL, AAPL-T
BUY
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

We do like HXQ and it is our top pick for a CAD ETF that tracks the NASDAQ-100. We also think XQQ is another good option although it is hedged. XQQU is the unhedged version but it is very new, small and charges a higher fee so we like HXQ better. HXQ is also a 'total return' fund that pays no distributions, and this can be efficient for taxes. 
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E.T.F.'s
SELL

Investors have been rewarded, but valuations are stretched for the NASDAQ, so be careful. Higher expense ratio of 28 bps, there are strategies out there with lower expense. 

E.T.F.'s
BUY

In CAD and USD, and charges an MER of 0.28%. Own this in a non-registered account. Holds the big tech names like Amazon, Apple and Tesla. HXQ has done well this year, but a caveat is that only Microsoft has outperformed the market since 2000.

E.T.F.'s
WEAK BUY
HXQ vs. ZQQ, if tech continues to do well. Tech touches us in every sense and every part of what we do. Interest rates are on the rise, and growth stocks like tech tend to underperform in that environment. Stick with tried and true, like FB, GOOG, and MSFT. The BMO strategy is hedged. He prefers the unhedged version, HXQ, especially as the CAD is at the higher end of a 6-7 year range. Also, the HXQ is cheaper at 28 bps; whereas ZQQ is 39 bps. Greater tax efficiency with HXQ when you look at non-registered accounts. US dividends from these tech stocks are characterized as deferred capital gains, so for non-registered investors, that may be a compelling reason to go with HXQ.
E.T.F.'s
BUY

vs. ZQQ ZQQ is CAD-hedged, so where do you think the CAD will move? HXQ is similar to ZQQ, but a cheaper MER at 0.28%. ZQQ has no hedge to CAD. He prefers HXQ, because it's cheaper and unhedged.

E.T.F.'s
PAST TOP PICK

(Top Pick Dec 13/16, Up 8.02%) He has hung on past the end of the seasonal period by a month and is moving his stop up tighter and tighter.

E.T.F.'s
TOP PICK

This represents the NASDAQ 100, and NASDAQ stocks tend to perform well from mid December into January. Part of that is technology.

E.T.F.'s
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Horizons NASDAQ-100 Index ETF(HXQ-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for Horizons NASDAQ-100 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.

Horizons NASDAQ-100 Index ETF(HXQ-T) Frequently Asked Questions

What is Horizons NASDAQ-100 Index ETF stock symbol?

Horizons NASDAQ-100 Index ETF is a Canadian stock, trading under the symbol HXQ-T on the Toronto Stock Exchange (HXQ-CT). It is usually referred to as TSX:HXQ or HXQ-T

Is Horizons NASDAQ-100 Index ETF a buy or a sell?

In the last year, 1 stock analyst published opinions about HXQ-T. 1 analyst 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 Horizons NASDAQ-100 Index ETF.

Is Horizons NASDAQ-100 Index ETF a good investment or a top pick?

Horizons NASDAQ-100 Index ETF was recommended as a Top Pick by on . Read the latest stock experts ratings for Horizons NASDAQ-100 Index ETF.

Why is Horizons NASDAQ-100 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 Horizons NASDAQ-100 Index ETF worth watching?

1 stock analyst on Stockchase covered Horizons NASDAQ-100 Index ETF In the last year. It is a trending stock that is worth watching.

What is Horizons NASDAQ-100 Index ETF stock price?

On 2024-12-13, Horizons NASDAQ-100 Index ETF (HXQ-T) stock closed at a price of $88.79.