These 2 ETFs Can Double MicroStrategy’s Gains. They Bet Big on a Bitcoin Guru.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 26 2024
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Source: Barron's
Launch of T-Rex ETF: The T-Rex 2x Long MSTR Daily Target ETF, launched on September 18, aims to deliver double the daily return of MicroStrategy, which has seen significant stock growth this year, outperforming Bitcoin.
Risks of Leveraged ETFs: While leveraged ETFs can yield high returns in favorable conditions, they are risky due to their "path dependent" nature, meaning their long-term performance may diverge from expected multiples based on underlying stock volatility.
Analyst Views on QQQ
Wall Street analysts forecast QQQ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for QQQ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 616.280
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Current: 616.280
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
