TQQQ Stock Recent News

TQQQ is a 3x levered fund that seeks to magnify the daily movement of QQQ. Understanding the leverage the fund uses is a must for investors. Investors must also be aware of the volatility of the overall market when assessing TQQQ.

The ProShares UltraPro QQQ ETF is a leveraged fund that aims to achieve three times the daily performance of the Nasdaq-100 Index, making it highly susceptible to big swings. TQQQ has seen significant gains over the past year, mainly from January, attracting the attention of swing traders. However, investors should approach this fund cautiously due to macro-headwinds that could limit further gains and make TQQQ a risky investment option.

TQQQ is up 118% this year. While we're overbought, I think it's going higher still in 2023. Maintaining my strong buy recommendation with the caveat we are likely to see some consolidation short-term.

The tech-heavy Nasdaq Composite Index outperformed, gaining 5.8%, while the S&P 500 added just 0.3%. The Dow Jones Industrial Average Index dropped 3.5% for the month.

The Market Is Too Risky For TQQQ Speculation.

Leveraged tech ETFs gained handsomely after hours on Apr 25 due to upbeat releases from Alphabet and Microsoft.

If the Big Tech 2.0 boom is over, ProShares UltraPro QQQ ETF will be a future loser for investors, mimicking 2022's dismal performance. Overly bullish investors hoping for a quick return to the bubble years of 2020-21 in 2023 may be sorely disappointed.

March was a month of sharp bond and stock volatility triggered by the bank crisis. Yet, the major indices ended the month in green.

It is my belief we're going a lot higher in 2023. While we have short-term issues to work through, this bull market is already well underway.

TQQQ is a leveraged ETF that has been on my watchlist, but I don't think the valuations for most of the largest stocks in the index are attractive today. I talk a bit about inflation and how I think commodities, energy, and real assets will outperform the tech sector.