1. QQQ performance in the recent downturn, the current stock price is 89.8% of its peak value
2. Microsoft is doing the same, the current stock price is 89.8% of its peak value
3. Paypal is doing slightly worse, the current stock price is 88.5% of its peak value
4. Nvidia is doing slightly worse, the current stock price is 87.5% of its peak value
The above 3 stocks (Microsoft, Paypal, Nvidia) actually have the best performance among the top 10 holdings of QQQ (See the list below) - a puzzling observation. That means, if QQQ were to reach the average 89.8% peak value, other stocks within QQQ's holdings are doing much better during the recent downturn.
So which stocks are pulling the QQQ average higher? Any idea?
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Top 10 holdings of QQQ (Total 55.9%)
- Apple (AAPL): 13.37%
- Microsoft (MSFT): 11.19%
- Amazon.com (AMZN): 10.97%
- Facebook (FB): 4.48%
- Alphabet (GOOG) Class A shares: 3.58%
- Alphabet (GOOG) Class C shares: 3.49%
- NVIDIA (NVDA): 2.44%
- Tesla, Inc. (TSLA): 2.38%
- PayPal Holdings: (PYPL): 2.07%
- NetFlix (NFLX): 1.93%
Breakdown of the entire QQQ Holdings
- Technology: 63.56%
- Consumer cyclicals: 21.58%
- Healthcare: 7.24%
- Consumer Non-Cyclicals: 3.53%
- Industrials: 2.15%
- Telecommunications Services: 1.26%
- Utilities: 0.67%