Investor Insights

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

The experts have a cautious outlook on TQQQ, emphasizing its magnified returns and risk. They also note its exposure mostly to tech and larger weightings in the Magnificent 7. The caution extends to valuations being extended, creating a need for careful consideration when implementing this strategy.

Consensus
Cautious
Valuation
Overvalued
DON'T BUY

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.

E.T.F.'s
premium

It's a Monthly Gems opinion which is available only for Premium members

Curated by Allan Tong since 2019.
99+ opinions with 4.15 rating.

TOP PICK

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.

E.T.F.'s
COMMENT

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.

E.T.F.'s
COMMENT
Can this go to 0? Yes. It's triple the exposure to the Nasdaq. A 33% decline in the Nasdaq means losing 100% in TQQQ. Buy a call option on QQQ--same leverage, but limited risk. Think of it as a long-term option, though it could go to zero, too, but it's a smaller loss. Any leveraged ETF trades the futures contract. So, they have to roll those futures every night. And that roll costs the asset every night.
E.T.F.'s
DON'T BUY

It is a leveraged long play on the NASDAQ. Anything with leverage deserves extreme caution. It is FANGs on METH. Active traders use these.

E.T.F.'s
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ProShares UltraPro QQQ(TQQQ-Q) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 1

Stockchase rating for ProShares UltraPro QQQ 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.

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, 1 stock analyst published opinions about TQQQ-Q. 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for ProShares UltraPro QQQ.

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?

1 stock analyst 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 2024-03-01, ProShares UltraPro QQQ (TQQQ-Q) stock closed at a price of $63.14.