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from24/7 Wall St.
12 hours agoWhy Millions of Investors Are Buying the Wrong NASDAQ ETF
Fidelity Nasdaq Composite Index ETF (ONEQ) offers broader exposure than QQQ by tracking over 600 securities instead of just 100.
Peloton's stock traded at a magical $125 in mid-2021, when people were trapped in their homes and wanted the exercise experience they had in the gym. By October 2022, the stock dropped to $7. It was down to $4 shortly after that, and has not improved by much more than a dime.
Net investment income per share has not covered the quarterly distribution for at least four consecutive quarters. Q1 2026 NII came in at $0.27 per share against a declared distribution of $0.3075.
These seven companies made up 33% of the S&P 500's total value in February, which is an amazing feat for just a handful of companies. While tech-focused stocks have taken a pause this year, I strongly believe that, over the long term, these names are worth adding to your investment portfolio as a core.
The five-year chart of Salesforce stock might look aimless and random at first glance. Bear in mind, though, that charts can tell us where the buyers tend to step in. This five-year chart provides some clues about how far CRM stock could travel in either direction. The stock was double its current price just a year ago, and it has rallied above $300 at least three times in the past.