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ProShares UltraPro QQQ (TQQQ-Q)
NASDAQ:TQQQ
88.19
1.10
(1.23%) 1d
Financials
Technical Analysis
$42.710
No
The ticker here is TQQQ, so think of this as QQQ on steroids. QQQ is the ETF that tracks the Nasdaq. TQQQ tracks several Nasdaq 100 indicies including those from Goldman Sachs, Societe Generale, BNP Paribas and Citibank; throw in Apple, Amazon and Microsoft for good measure. Though it pays no dividend (no surprise), TQQQ returns three times as much as QQQ. On the other hand, TQQQ has a beta of 3.34. In other words, when tech rallies, TQQQ soars three times higher, but when tech sinks, TQQQ tumbles three times lower. TQQQ is strictly for those who firmly believe in tech and who can stomach this ETF's risk.
ZQQ-T vs. TQQQ-N. The question is if you buy it with a currency hedge or the US version. If you are holding for the next few years, the Canadian dollar will be stronger down the road. He would prefer the ZQQ-T version but today is not the day to buy. In the next market decline he thinks some of the tech stocks will get hit.
It is a leveraged long play on the NASDAQ. Anything with leverage deserves extreme caution. It is FANGs on METH. Active traders use these.
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ProShares UltraPro QQQ(TQQQ-Q) Rating
Ranking : 1 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 0
ProShares UltraPro QQQ(TQQQ-Q) Frequently Asked Questions
What is ProShares UltraPro QQQ stock symbol?
ProShares UltraPro QQQ is a American stock, trading under the symbol TQQQ-Q on the NASDAQ (TQQQ). It is usually referred to as NASDAQ:TQQQ or TQQQ-Q
Is ProShares UltraPro QQQ a buy or a sell?
In the last year, there was no coverage of ProShares UltraPro QQQ published on Stockchase.
Is ProShares UltraPro QQQ a good investment or a top pick?
ProShares UltraPro QQQ was recommended as a Top Pick by on . Read the latest stock experts ratings for ProShares UltraPro QQQ.
Why is ProShares UltraPro QQQ 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 ProShares UltraPro QQQ worth watching?
0 stock analysts on Stockchase covered ProShares UltraPro QQQ In the last year. It is a trending stock that is worth watching.
What is ProShares UltraPro QQQ stock price?
On 2024-12-12, ProShares UltraPro QQQ (TQQQ-Q) stock closed at a price of $88.19.
TQQQ gives you performance that's 3x the daily (an important distinction) performance of the NASDAQ 100, magnified returns and magnified risk. Be very cautious of this strategy.
QQQ gives exposure mostly to tech, and larger weightings in the Magnificent 7. He owns some of those names, but he's very cautious of owning the broader tech index, as valuations are extended.