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ProShares UltraPro QQQ (TQQQ)

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This fund is appropriate for active investors bullish on the Nasdaq, who can manage their portfolio on a daily basis. Tech stocks experienced a sell-off in fourth quarter of 2018 due to declining global market sentiment and overvaluation concerns. However, U.S. fundamentals still seem to be strong with a slew of upbeat economic data. Moreover, growing demand for emerging technologies is encouraging increased spending. Research firm Gartner, expects global IT spending to reach $3.8 trillion in 2019, reflecting an increase of 3.2% from 2018. Further, dovish Fed minutes from the December 2018 meet are positives for the fund. However, signs of easing global economic growth might remain an overhang on the fund. Zacks does not rank inverse and leveraged ETFs owing to their short-term performance objectives.


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