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Promising Mid Cap Stocks To Watch Now - October 10th

ProShares UltraPro Short QQQ logo with background

Key Points

  • Three promising mid-cap stocks to watch include ProShares UltraPro Short QQQ, Applied Digital, and Direxion Daily TSLA Bull 2X Shares, all of which recently had high trading volumes.
  • ProShares UltraPro Short QQQ aims for daily results that correspond to three times the inverse performance of the NASDAQ-100 Index, making it a potential hedge against market downturns.
  • Applied Digital focuses on providing digital infrastructure solutions for high-performance computing, including AI cloud services and crypto datacenter hosting.
  • Interested in ProShares UltraPro Short QQQ? Here are five stocks we like better.

ProShares UltraPro Short QQQ, Applied Digital, and Direxion Daily TSLA Bull 2X Shares are the three Mid Cap stocks to watch today, according to MarketBeat's stock screener tool. Mid-cap stocks are shares of companies whose market capitalization typically falls between about $2 billion and $10 billion. These companies are generally more established than small-caps—offering greater stability—while still retaining higher growth potential than large-caps. Investors often include mid-caps in their portfolios to pursue moderate growth with less volatility than smaller companies. These companies had the highest dollar trading volume of any Mid Cap stocks within the last several days.

ProShares UltraPro Short QQQ (SQQQ)

ProShares UltraPro Short QQQ (the Fund) seeks daily investment results, which corresponds to three times the inverse of the daily performance of the NASDAQ-100 Index (the Index). The Index includes 100 of the non-financial domestic and international issues listed on National Association of Securities Dealers Automated Quotation (NASDAQ) Stock Market.

Read Our Latest Research Report on SQQQ

Applied Digital (APLD)

Applied Digital Corporation designs, develops, and operates datacenters in North America. Its datacenters provide digital infrastructure solutions to the high-performance computing industry. The company also provides artificial intelligence cloud services, high performance computing datacenter hosting, and crypto datacenter hosting services.

Read Our Latest Research Report on APLD

Direxion Daily TSLA Bull 2X Shares (TSLL)

Read Our Latest Research Report on TSLL

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Should You Invest $1,000 in ProShares UltraPro Short QQQ Right Now?

Before you consider ProShares UltraPro Short QQQ, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ProShares UltraPro Short QQQ wasn't on the list.

While ProShares UltraPro Short QQQ currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

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