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

The market opened higher as nonfarm payrolls slowed in October due to hurricanes and strikes. Intel and Amazon saw gains following their quarterly earnings reports.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 1:54 pm

Major indexes are experiencing a downturn as large and mega-cap stocks decline following quarterly earnings reports. Investors are also considering the impact of the upcoming US presidential election and macroeconomic uncertainties.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 5:42 pm

Tech stocks led a market downturn as Microsoft and Meta's earnings forecasts disappointed investors, causing major indices to drop. Microsoft fell over 5% due to slower Azure growth forecasts, while Meta declined over 4% due to projected capital expenditure increases. The Nasdaq 100 and S&P 500 experienced significant losses, and crypto-related stocks like Coinbase also suffered. ETFs tracking these indices, such as QQQ and SPY, mirrored these declines.

Portfolio Pulse from Piero Cingari

October 31, 2024 | 5:19 pm

Investors are reacting negatively to strong earnings from Microsoft and Meta due to high expectations and concerns over spending and growth. Microsoft's Azure growth, although above consensus, is expected to slow, and Meta's capital expenditure is seen as high. Inflation data shows hotter-than-expected core PCE, indicating strong consumer spending. Money flows are negative for several major tech stocks and ETFs.

Portfolio Pulse from The Arora Report

October 31, 2024 | 4:56 pm

The 2024 presidential candidates, Donald Trump and Kamala Harris, have differing views on capital gains taxes. Trump's past policies suggest a focus on lowering taxes for the wealthy, while Harris proposes increasing the top tax rate on long-term capital gains and the net investment income tax for high earners. These policies could impact growth stocks and tech-heavy ETFs like Invesco QQQ, with potential short-term volatility if Harris's plan is implemented.

Portfolio Pulse from Hayden Buckfire

October 31, 2024 | 10:07 am

The Federal Reserve's preferred inflation measure, the PCE price index, is expected to show a decline in September, reinforcing the disinflationary trend. This could support expectations for continued Fed rate cuts in 2024 and 2025. Market reactions will depend on whether the data meets expectations, with potential positive impacts on stocks and declining bond yields if inflation is controlled.

Portfolio Pulse from Piero Cingari

October 30, 2024 | 8:37 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 price targets for bullish and bearish scenarios. Economic reports, including the ADP Non-Farm Employment Change and Q3 GDP data, are expected to influence market volatility today.

Portfolio Pulse from RIPS

October 30, 2024 | 7:27 pm

The article discusses the impact of recent earnings reports and economic data on various stocks and the broader market. AMD's stock fell despite meeting earnings expectations due to unmet whisper numbers for AI GPU guidance. Nvidia's software advantage is highlighted as a reason for AMD's struggle. ADP data shows strong job growth, potentially affecting Fed rate decisions. Eli Lilly's stock dropped after missing earnings expectations, impacting Novo Nordisk as well. Money flows are positive in some tech stocks but negative in others, including major ETFs.

Portfolio Pulse from The Arora Report

October 30, 2024 | 7:25 pm

Wall Street had a mixed session with AMD shares dropping 10% after disappointing earnings, affecting the semiconductor sector. Alphabet shares rose over 5% on strong earnings. SMCI plummeted 33% due to auditor resignation. Economic data showed strong job growth but slower GDP growth.

Portfolio Pulse from Piero Cingari

October 30, 2024 | 5:35 pm

US stocks are expected to open higher as investors focus on GDP data and strong earnings from Alphabet, which beat revenue and EPS expectations. AMD fell 8% in premarket due to disappointing Q4 guidance. The 'Mag 7' earnings week continues with Apple, Microsoft, Meta, and Amazon. SPY and QQQ ETFs showed slight gains in premarket trading.

Portfolio Pulse from Rounak Jain

October 30, 2024 | 11:08 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.