QQQM: Earnings And Economic Growth Will Fuel The Rally

Oct. 27, 2023 11:35 AM ETInvesco NASDAQ 100 ETF (QQQM)QQQM1 Comment
Komal Sarwar
1.68K Followers

Summary

  • Tech stocks, including the "Magnificent Seven," are expected to fuel a rebound due to strong earnings growth trends.
  • The information technology, communication, and consumer discretionary sectors are projected to experience high double-digit earnings and revenue growth.
  • The QQQM ETF, which focuses on mega and large-cap tech stocks, is well-positioned to benefit from these trends and limit downside risk.

Business development to success and growing growth concept. Businessman pointing arrow graph corporate future growth plan

marchmeena29

In my last two articles, published in May and July, I suggested growth investors buy Invesco NASDAQ 100 ETF (NASDAQ:QQQM) to capitalize on the bull trend. In this article, I will discuss reasons why QQQM and growth stocks

This article was written by

1.68K Followers
Komal is passionate about finance and the stock market. She enjoys forecasting future market trends using a fundamental and technical approach with a focus on both short- and long-term horizons. She intends to provide unbiased analysis to assist investors in selecting the best investment strategies to stay ahead of the market.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. 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.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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