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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

Wall Street experienced a downturn ahead of the Federal Reserve meeting minutes and Nvidia's earnings report. Cybersecurity stocks, notably Palo Alto Networks, faced significant losses, impacting the Global X Cybersecurity ETF. Energy stocks outperformed due to a rise in natural gas prices. Major indices and ETFs like SPY, DIA, and QQQ saw declines, while specific stocks reacted to earnings reports or anticipated earnings.

Portfolio Pulse from Piero Cingari

February 21, 2024 | 6:04 pm

Jim Cramer celebrates 'National NVIDIA Day' ahead of NVIDIA Corporation's (NASDAQ:NVDA) highly anticipated Q4 earnings report. Analysts expect a significant revenue increase to $20.62 billion from last year's $7.19 billion and earnings per share of $4.64, up from 88 cents. Cramer compares NVIDIA CEO Jensen Huang to Taylor Swift, emphasizing Huang's influence and success. NVIDIA's performance could impact the market, especially as it's a major holding in SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust (NASDAQ:QQQ).

Portfolio Pulse from Chris Katje

February 21, 2024 | 4:52 pm

The Market Clubhouse Morning Memo for February 21st, 2024, provides a trade strategy for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula considering price, volume, and options flow. It offers detailed analysis for each asset, suggesting potential breakouts or reversals. The memo also highlights the significance of upcoming US Treasury auctions and FOMC minutes, advising traders to stay alert for market volatility.

Portfolio Pulse from RIPS

February 21, 2024 | 3:23 pm

Wall Street is focused on Nvidia's upcoming Q4 earnings amid a tech selloff and concerns over Federal Reserve's future interest rate decisions. Tuesday's market downturn was influenced by mixed retail earnings, Nvidia earnings anxiety, and a decline in the leading economic index. Futures and specific stocks like Palo Alto Networks showed premarket declines, while the market anticipates Fed minutes and speeches for interest rate clues. Notable companies are scheduled for earnings reports, affecting stock movements.

Portfolio Pulse from Shanthi Rexaline

February 21, 2024 | 11:51 am

Nvidia Corp. (NASDAQ:NVDA) is set to report its fiscal fourth-quarter earnings, with high expectations from Wall Street for strong performance, particularly in AI and Data Center revenues. Analysts predict a significant year-over-year and quarter-over-quarter growth, with a focus on Nvidia's role as a leader in the AI revolution. The company's stock has seen a substantial increase, outperforming major ETFs. Analysts from Morgan Stanley and Rosenblatt anticipate a strong quarter, driven by product cycles and AI applications.

Portfolio Pulse from Shanthi Rexaline

February 21, 2024 | 9:30 am

Wall Street experienced a downturn, particularly in technology stocks, with the Nasdaq 100 dropping 1.5%. Nvidia and AMD saw significant declines ahead of Nvidia's earnings report. Alphabet was an exception among major tech stocks, posting a gain. The market's movement reflects a reassessment of stock valuations rather than interest rate concerns. ETFs like SPY, DIA, and QQQ also fell, with XLK underperforming. Walmart's stock rose following strong quarterly results and plans to acquire Vizio, while Discover Financial surged on news of its acquisition by Capital One.

Portfolio Pulse from Piero Cingari

February 20, 2024 | 6:46 pm

Walmart Inc's (NYSE:WMT) recent earnings report showed a beat on estimates, with significant e-commerce sales and a dividend increase, but painted a tepid consumer spending picture. The report is contrary to stock market bulls' expectations of continued excess consumer spending. Walmart's stock rise is partly due to its acquisition of Vizio Holding Corp (NYSE:VZIO). Early trade money flows are neutral for Microsoft Corp (NASDAQ:MSFT), negative for several tech giants and ETFs like SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust Series 1 (NASDAQ:QQQ), and positive for gold and oil, with popular ETFs being SPDR Gold Trust (NYSE:GLD) and United States Oil ETF (NYSE:USO).

Portfolio Pulse from The Arora Report

February 20, 2024 | 4:35 pm

The Market Clubhouse Morning Memo for February 20th, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula considering price, volume, and options flow. It offers detailed analysis for each asset, including potential support and resistance levels, and advises traders to stay alert for breakouts or reversals. The memo also highlights the importance of the upcoming Treasury's 52 Week Bill Auction and advises caution in trading ahead of the FOMC minutes and PMI data releases.

Portfolio Pulse from RIPS

February 20, 2024 | 3:04 pm

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 2:14 pm

US stocks are poised for a weaker open influenced by mixed retail earnings, with Home Depot reporting a sales decline and Walmart rising after acquiring VIZIO and posting solid results. Nvidia's upcoming earnings are highly anticipated, given its expected AI-driven growth. Last week's inflation reports led to a market pullback, ending a five-week winning streak for major indices. Discover Financial surged in premarket trading after an acquisition announcement, while GLOBALFOUNDRIES and Intel saw gains from government subsidies. SSR Mining's stock fell due to a temporary suspension of search and rescue activities.

Portfolio Pulse from Shanthi Rexaline

February 20, 2024 | 12:40 pm

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