TQQQ Stock Recent News
TQQQ LATEST HEADLINES
Returns for ProShares UltraPro QQQ ETF have been ugly since the start of 2022, showing the double-edged sword that a leveraged ETF can be. I find the valuations of many of the largest components of the ETF unattractive even after many of the stocks took a large hit in 2022.
TQQQ offers leveraged exposure to the Nasdaq-100. I think we're getting a big bull move in 2023.
Our previous TQQQ put idea was unsuccessful, but demonstrated the importance of margin of safety. A put option idea on TQQQ to generate up to 18.6% in premium yield as long as NASDAQ doesn't decline by more than -10% over the next year.
Bloomberg Anchor Kate Greifeld moderated a panel called The Rise of Niche and Sophisticated ETFs which featured ProShare's Simeon Hyman, Simplify's Paul Kim, and GraniteShare's Will Rhind discussing niche products.
Leverage can be the road to riches or the road to the poor house. Retail leveraged products, fully understood, can be the way to accumulate wealth over time under the right market conditions.
The triple-leveraged fund ranks ninth on the inflows list so far this year.
TQQQ offers a leveraged investment in the potential resurgence of the NASDAQ and we believe could easily deliver over 100% returns in the next year. Leveraged ETFs are risky and therefore should not be a large percent of one's portfolio as 60-80% downside risk is still present going forward.
This is a follow-up article to an earlier article on TQQQ written on August 16th. Current TQQQ metrics still support the overall conclusion of that article. History shows investors in TQQQ are good at market timing. They hold the greatest number of shares at market bottoms and a smaller number at market tops.
TQQQ provides 3x 1-day returns of the Nasdaq 100 Index. Daily rebalancing of exposures can introduce significant tracking error over the long run.
The TQQQ surged more than 37% from our previous article before the market digested its gains from August highs. However, we surmise the pullback is healthy. Therefore, we believe another fantastic opportunity to add the TQQQ has returned. We assessed that the TQQQ could form a bottom at the current levels, constructive for further recovery.