Streetbeat News

QQQ

Invesco QQQ Trust

http://www.invesco.com/portal/site/us/investors/etfs/product-detail?productId=QQQ

Industry

Asset Management

To maintain the correspondence between the composition and weights of the securities in the trust (the "securities") and the stocks in the NASDAQ-100 Index®, the adviser adjusts the securities from time to time to conform to periodic changes in the identity and/or relative weights of index securities. The composition and weighting of the securities portion of a portfolio deposit are also adjusted to conform to changes in the index.

Open

502.94

Mkt cap

195B

Volume

50M

High

503.31

P/E Ratio

40.49

52-wk high

515.58

Low

494.50

Div yield

0.01

52-wk low

382.66

U.S. markets rebounded on Tuesday as falling oil prices and optimism about the upcoming earnings season boosted tech and AI stocks. The S&P 500, Nasdaq 100, and Russell 2000 all saw gains, with major tech companies adding significant market value. Lower oil prices benefited cruise lines and airlines, while energy and materials stocks fell. Key ETFs like SPY, DIA, QQQ, and IWM also rose.

Portfolio Pulse from Piero Cingari

October 08, 2024 | 5:52 pm

Major indexes are experiencing a rebound from Monday's drop due to a pullback in oil prices and a decrease in yields.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 3:32 pm

The article discusses the impact of rising yields and a higher neutral rate on various financial assets, including the iShares 20+ Year Treasury Bond ETF (TLT), NVIDIA Corp (NVDA), Advanced Micro Devices (AMD), Tesla Inc (TSLA), and several insurance and generator companies due to Hurricane Milton. It highlights the potential for significant stock moves, the importance of the 10-year Treasury yield, and the implications of the Fed's neutral rate. The article also mentions the positive money flows in major tech stocks and ETFs, and the impact of geopolitical tensions on market volatility.

Portfolio Pulse from The Arora Report

October 08, 2024 | 3:17 pm

The Market Clubhouse Morning Memo provides a detailed analysis of key price levels for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. The memo suggests monitoring these stocks for potential breakouts or reversals, with specific bullish and bearish targets outlined for each. The day is expected to be driven by technical factors due to a lack of major economic data releases.

Portfolio Pulse from RIPS

October 08, 2024 | 2:38 pm

Nvidia is expected to reveal its next-gen GPUs, including the RTX 50 series, at CES 2025. The new GPUs are based on the Blackwell architecture, which supports over 100 system configurations. Nvidia's stock has risen significantly, and investors can gain exposure through ETFs like QQQ and VTI.

Portfolio Pulse from Anusuya Lahiri

October 08, 2024 | 12:40 pm

US stocks are set to rebound as bond yields dip and oil prices slide. Fed Governor Adriana Kugler's dovish comments on potential rate cuts and a focus on employment are boosting sentiment. However, PepsiCo's earnings miss and reduced growth outlook weigh on the market. ETFs like SPY and QQQ are seeing premarket gains.

Portfolio Pulse from Shanthi Rexaline

October 08, 2024 | 11:12 am

Stocks fell as oil prices surged and 10-year yields crossed 4% due to Middle East tensions. The energy sector outperformed, with USO rising over 3%. Major indices like the S&P 500 and Dow Jones declined. Super Micro Computer Inc. surged 14% on product news, while Everest Group Ltd. and Constellation Brands Inc. faced downgrades.

Portfolio Pulse from Piero Cingari

October 07, 2024 | 6:02 pm

Major stock indexes are experiencing a decline due to an increase in the 10-year Treasury yield.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 3:38 pm

The Market Clubhouse Morning Memo provides a detailed analysis of key stocks and ETFs, including SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. The memo outlines potential bullish and bearish price targets based on proprietary formulas, emphasizing the importance of monitoring price action and volume dynamics. With a light economic calendar, traders are advised to focus on technical levels and market reactions.

Portfolio Pulse from RIPS

October 07, 2024 | 2:16 pm

David Roche warns that the Federal Reserve's 50-basis point rate cut could lead to market instability, as the U.S. economy is robust and does not require such low interest rates. Despite strong employment data, the rate cut may give a misleading impression of economic weakness.

Portfolio Pulse from Benzinga Neuro

October 07, 2024 | 10:57 am

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