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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

473.71

Mkt cap

189B

Volume

43M

High

480.56

P/E Ratio

30.74

52-wk high

540.81

Low

473.12

Div yield

0.01

52-wk low

413.07

The S&P 500 and Nasdaq 100 hit record highs, driven by tech stock surges and semiconductor demand. Despite a contraction in the ISM Manufacturing PMI, expectations for Federal Reserve rate cuts remain. The iShares Semiconductor ETF (SOXX) saw significant gains, while Apple (AAPL) was removed from Goldman Sachs' conviction list. New York Community Bancorp (NYCB) shares plummeted due to internal control issues. The SPDR Gold Trust (GLD) is set for record highs. Major ETFs like SPY, DIA, and QQQ also saw gains, with the Technology Select Sector SPDR Fund (XLK) outperforming.

Portfolio Pulse from Piero Cingari

March 01, 2024 | 6:30 pm

The article discusses a gamma squeeze in AMD and aggressive buying in DELL due to increased AI server orders. It mentions Elon Musk suing OpenAI, co-founded by him, for prioritizing profits over humanity, with Microsoft's investment in OpenAI highlighted. A major bank downgraded Apple, a rare move given AAPL's popularity. Early trade money flows are positive in NVDA, neutral in MSFT, AMZN, META, negative in AAPL, GOOG, TSLA, and mixed in SPY and QQQ. The momo crowd is buying stocks, gold, and oil in early trade.

Portfolio Pulse from The Arora Report

March 01, 2024 | 5:34 pm

Microsoft Corp has launched DirectSR, a new Windows API designed to enhance AI-upscaling in games by leveraging technologies from Nvidia, AMD, and Intel. This API simplifies the development process by allowing game developers to use a single code path for various super-resolution technologies. The move is expected to improve gaming experiences across different hardware platforms. Additionally, Microsoft's recent layoffs and game cancellations were mentioned, alongside the performance of ProShares UltraPro QQQ and Invesco QQQ Trust, Series 1.

Portfolio Pulse from Anusuya Lahiri

March 01, 2024 | 4:01 pm

The Market Clubhouse Morning Memo for March 1st, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA based on a proprietary formula. It outlines potential bullish and bearish price levels for each asset, influenced by recent PCE data and anticipation of PMI release and Federal Reserve speakers' remarks. The memo emphasizes the importance of adapting trading strategies to market conditions and offers insights from pro trader RIPS.

Portfolio Pulse from RIPS

March 01, 2024 | 3:13 pm

US stocks are set for a modestly lower opening after recent gains, with attention on Fed speeches and economic data. The S&P 500 and Nasdaq hit new highs, while small-caps also saw gains. Premarket trading saw SPY and QQQ ETFs dip slightly. Notable stock movements include NetApp's surge and Fisker's decline post-earnings. Upcoming economic data includes manufacturing PMIs and consumer sentiment. Bond yields dipped, and crude oil futures rose.

Portfolio Pulse from Shanthi Rexaline

March 01, 2024 | 11:31 am

Ray Dalio, former co-chief investment officer of Bridgewater Associates, shared his analysis on LinkedIn, stating the U.S. stock market is not in a bubble. He used several indicators to reach this conclusion, placing the market in the mid-range (52nd percentile) and not exhibiting typical bubble characteristics. Dalio also mentioned the 'Magnificent 7' stocks as slightly frothy but not in a bubble. Despite this, he warned of a potential significant correction, especially if generative AI doesn't meet expectations. Meanwhile, the SPDR S&P 500 ETF Trust (SPY), SPDR Dow Jones Industrial Average (DIA), and Invesco QQQ Trust (QQQ) have shown positive performance this year.

Portfolio Pulse from Benzinga Neuro

March 01, 2024 | 2:18 am

In February, investors directed nearly $40B into 10 ETFs, with the S&P 500 and Nasdaq 100 indices showing significant gains. The ETFs attracting the most funds include those focusing on broad equity indices, Treasury bonds, and Bitcoin. The Vanguard S&P 500 ETF, iShares Core S&P 500 ETF, and Vanguard Information Technology ETF led in inflows. This investment trend reflects confidence in the U.S. stock market and a strong appetite for tech and diversified investments.

Portfolio Pulse from Piero Cingari

February 29, 2024 | 10:21 pm

Wall Street experienced mixed reactions as inflation cooled in January, with the Nasdaq 100 up 0.4%. AMD surged over 6%, hitting a record high, while Apple dropped 1%. Treasury yields fell, boosting the iShares 20+ Year Treasury Bond ETF. Bitcoin declined over 2%. Notable stock movements included Marathon Digital and Snowflake plummeting, while Hormel Foods soared after exceeding earnings expectations.

Portfolio Pulse from Piero Cingari

February 29, 2024 | 7:30 pm

Wall Street veteran Ed Yardeni expresses concern over the current bull market's unchecked advance, citing excessive optimism and contrarian indicators suggesting an unsustainable peak. The Nasdaq 100 Index, tracked by Invesco QQQ Trust, has seen significant gains, as has Nvidia Corp., with its stock rising over 60% in the first two months of the year. Yardeni warns that the prevailing bullish sentiment and disregard for risk could lead to a market 'meltup', despite the positive economic indicators.

Portfolio Pulse from Piero Cingari

February 29, 2024 | 5:18 pm

The Fed's preferred inflation gauge, PCE, rose significantly, leading to a positive reaction in the stock market, particularly in AI stocks like C3.ai Inc, and Bitcoin. The PCE data showed deflation in goods but inflation in services. Aggressive buying was also seen in small caps, as indicated by the iShares Russell 2000 ETF. The article also discusses global economic influences, including Bank of Japan's interest rate signals and Putin's nuclear threats. Positive money flows were noted in major tech stocks, while Amazon showed negative flows. Gold, oil, and Bitcoin saw aggressive buying, with Bitcoin nearing $64,000 again.

Portfolio Pulse from The Arora Report

February 29, 2024 | 4:46 pm

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