QQQ: Outperformance Could Be Around The Corner - Don't Give Up Now


  • The QQQ ETF has underperformed the S&P 500 over the past year. Its recovery momentum has also languished behind the S&P 500 at the recent October bottom.
  • Despite that, we discuss why investors can remain optimistic, as significant pessimism has likely been baked into QQQ's relative underperformance.
  • We highlight why QQQ's leading sectors and company constituents could outperform the downgraded analysts' estimates in 2023.
  • But note that the Fed could still spoil the recovery party here if it decides to turn more aggressive at the upcoming December FOMC meeting.
  • Maintain Buy.
  • I do much more than just articles at Ultimate Growth Investing: Members get access to model portfolios, regular updates, a chat room, and more. Learn More »

Bear Market



The Invesco QQQ ETF (NASDAQ:QQQ) has underperformed the S&P 500 ETF (SPY) (VOO) since we updated its bottoming process in early October. We noted that investors have remained tentative over the more

QQQ/SPY price chart (weekly)

QQQ/SPY price chart (weekly) (TradingView)

Do you want to buy only at the right entry points for your growth stocks?

We help you to pick lower-risk entry points, ensuring you are able to capitalize on them with a higher probability of success and profit on their next wave up. Your membership also includes:

  • 24/7 access to our model portfolios

  • Daily Tactical Market Analysis to sharpen your market awareness and avoid the emotional rollercoaster

  • Access to all our top stocks and earnings ideas

  • Access to all our charts with specific entry points

  • Real-time chatroom support

  • Real-time buy/sell/hedge alerts

Sign up now for a Risk-Free 14-Day free trial!

This article was written by

JR Research profile picture
Sifting through the ultimate growth stocks for your portfolio

Unlock the secrets of successful investing with JR Research - led by founder and lead writer JR. Our dedicated team is laser-focused on providing you with the clarity you need to make confident investment decisions.

Transform your investment strategy with our popular marketplace service - specializing in a price-action-based approach to uncovering the hottest growth and technology stocks, backed by in-depth fundamental analysis. Plus, stay ahead of the game with our general stock analysis across a wide range of sectors and industries.

Improve your returns and stay ahead of the curve with our short- to medium-term stock analysis. We not only identify long-term potential but also seize opportunities to profit from short-term market swings, using a combination of long and short set-ups. Join us and start seeing experiencing the quality of our service today.

My LinkedIn: www.linkedin.com/in/seekjo

Disclosure: I/we have a beneficial long position in the shares of AMZN, TSLA, AMD, NVDA, META, GOOGL, MSFT, QCOM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Recommended For You

Comments (4)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.