Before You Buy the Invesco QQQ Trust ETF, Here Are 3 I'd Buy First
The Invesco QQQ Trust ETF (NASDAQ: QQQ), which tracks the Nasdaq-100, is one of the most popular ways for investors to get exposure to the often high-flying tech sector. Tech stocks account for the majority of the index's value.
Investors who held it in 2023 have been rewarded -- shares of the ETF have surged by more than 50% for the year. But those returns were largely driven by just a handful of stocks -- the "Magnificent Seven." Those tech giants are the largest U.S. companies today, and therefore hold outsized positions in the market-cap-weighted QQQ Trust, accounting for approximately 39% of the fund's total value.
And while there's a lot to like about the Magnificent Seven, there may be better opportunities for investors seeking market outperformance than buying shares of the Invesco QQQ Trust ETF. Here are three to consider first.
Source Fool.com
Invesco Ltd. Stock
Our community is currently high on Invesco Ltd. with 5 Buy predictions and 1 Sell predictions.
With a target price of 18 € there is a positive potential of 33.14% for Invesco Ltd. compared to the current price of 13.52 €.
