Time for Covered Call ETFs?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 26 2024
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Source: NASDAQ.COM
Tech Stock Decline: Wall Street experienced a significant drop in tech stocks, primarily due to disappointing earnings reports from Alphabet Inc. and Tesla Inc., leading to a $1 trillion loss in market capitalization for the Nasdaq-100 index.
Investment Strategy: Experts recommend maintaining technology exposure in investment portfolios with downside protection strategies like covered calls, which can generate income and cushion against stock price declines.
Analyst Views on QDTE
Wall Street analysts forecast QDTE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for QDTE 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: 30.640
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Current: 30.640
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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.
