Powershares QQQ Trust Series 1 (NASDAQ:QQQ) â€” This Morningstar-rated five-star exchange-traded fund seeks to obtain results that correspond to the price-and-yield performance of the stocks in the Nasdaq 100 index.
In fact the â€śQâ€™sâ€ť have an annualized five-year market return of 17.67%, and a three-year return of 13.39% as of Jan. 9.
In 2016 they were up over 7%.
An investor benefit is its relatively low expense ratio of 0.2%.
The â€śQâ€™sâ€ť paid a dividend of $1.25 over the past year for a yield of 1.03%.
The top-ten holdings of the fund: Apple Inc. (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT), Amazon.com, Inc. (NASDAQ:AMZN), Facebook Inc (NASDAQ:FB), Alphabet Inc C (NASDAQ:GOOG), Alphabet Inc A (NASDAQ:GOOGL), Intel Corporation (NASDAQ:INTC), Comcast Corporation (NASDAQ:CMCSA), Cisco Systems, Inc. (NASDAQ:CSCO) and Amgen, Inc. (NASDAQ:AMGN).
Following a low in February 2016 at $95, the Qâ€™s rallied to the 200-day moving average at about $110 where it consolidated for four months, then broke from resistance at $111. A new leg up culminated in another consolidation at $115 to $119.
While advancing from its February low, a bullish support line with lows at $105, $115, and $117 was established, providing a line of buying that limited profit-taking. On Friday the ETF broke through resistance at $121, again establishing its powerful uptrend.
Buy QQQ at $122 with a trading target of $150 and a proposed gain of over 20%. Although Morningstar rates this ETF as â€śHigh Risk,â€ť there are several investment-grade stocks held by the fund including IBM (A+), Intel (B-), Cisco (B+), etc. Thus, investors may also consider QQQ for long-term participation in the computer and technology sectors.
– Sam Collins, Trade of the Day
10 Worry-Free Stocks to Survive the Coming Correction
These ultra-safe stocks rarely take a hit from the market. And even if they do, they bounce back like a rubber ball right after the dip. If youâ€™re interested in a million-dollar retirement portfolio, youâ€™ll definitely want to read this. Click here now.
Source: Investor Place