The Invesco QQQ ETF is down 3.11% over the past five days and has risen 8.63% year-to-date. According to TipRanks' analyst consensus, QQQ is a Moderate Buy with an average price target of $626.45, implying a 13.10% upside. The ETF's Smart Score is seven, indicating it is likely to perform in line with the market.
The S&P 500 index (SNPINDEX: ^GSPC) finished July 2025 with a 2.2% gain, buoyed by strong earnings and an improving economic outlook [1]. Generac Holdings (NYSE: GNRC) and Invesco (NYSE: IVZ) were the standout performers, with Generac surging 36% and Invesco rising 33.2% [1].
Generac's strong performance was driven by a better-than-expected earnings report, with revenue up 6% and adjusted earnings per share jumping from $1.35 to $1.65. The company also benefited from lower tariff assumptions, raising its net income margin guidance to 8.5% [1].
Invesco's surge came as it filed with the SEC to change the QQQ ETF from a unit investment trust to an open-end fund. This change allows Invesco to earn more revenue from the now-$352 billion fund and reduce its annual expense ratio from 0.20% to 0.18% [1].
The Invesco QQQ ETF (QQQ) has seen a 3.11% decline over the past five days but has risen 8.63% year-to-date. According to TipRanks' analyst consensus, QQQ is a Moderate Buy with an average price target of $626.45, implying a 13.10% upside. The ETF's Smart Score is seven, indicating it is likely to perform in line with the market [2].
With lower interest rates expected, sectors like tech stocks, real estate, regional banks, small-cap stocks, and gold and silver miners could benefit. The Nasdaq 100, as tracked by the Invesco QQQ Trust, is already up 8% year-to-date, with further upside possible if rate cuts materialize [2].
References:
[1] https://www.nasdaq.com/articles/these-were-2-best-performing-stocks-sp-500-july-2025
[2] https://www.benzinga.com/markets/macro-economic-events/25/08/46827572/best-sectors-lower-interest-rates-2025
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