1 Technology ETF to Buy Hand Over Fist and 1 to Avoid
Investing in technology stocks can be confusing, complex, or both. That's where exchange-traded funds (ETFs) can be helpful. Instead of sifting through hard-to-understand technology companies, a technology-focused ETF can make life easier by offering investors instant portfolio diversification.
But not all ETFs are created equal. Some have performed better than others over the years. Here is one blue-chip technology ETF investors should consider buying and holding and another that's seemingly lost its touch after bursting into the spotlight during the pandemic.
The Invesco QQQ ETF (NASDAQ: QQQ) is built with 100 of the largest companies in the Nasdaq Composite. The "Magnificent Seven" stocks, big technology companies at the forefront of today's artificial intelligence (AI) boom, are prevalent throughout the fund's top 10 holdings. About 59% of the ETF is built with technology stocks, followed by exposure to consumer discretionary stocks at 18% and further diversification from there.
Source Fool.com
Invesco Ltd. Stock
Our community is currently high on Invesco Ltd. with 5 Buy predictions and 1 Sell predictions.
With a target price of 18 € there is a slightly positive potential of 12.82% for Invesco Ltd. compared to the current price of 15.95 €.
