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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 pause in its recent rally due to a higher-than-expected Producer Price Index (PPI) report for January 2024, indicating persistent inflation. This led to a reduction in expectations for Federal Reserve rate cuts and a rise in yields. The tech-heavy Nasdaq 100 and stocks like Microsoft and Amazon ended their five-week positive streak. The SPDR S&P 500 ETF Trust, SPDR Dow Jones Industrial Average, and Invesco QQQ Trust saw declines, while certain stocks reacted to their earnings reports with significant price movements.

Portfolio Pulse from Piero Cingari

February 16, 2024 | 7:21 pm

Applied Materials (AMAT) is highlighted as a prime 'picks and shovels' play in AI, benefiting from the demand for sophisticated chips, with strong earnings pushing tech stocks higher. Producer Price Index (PPI) data came in hotter than expected, indicating persistent inflation. Early trade money flows show positive trends for NVIDIA (NVDA) and Tesla (TSLA), neutral for Alphabet (GOOG) and Microsoft (MSFT), and negative for Apple (AAPL), Amazon (AMZN), and Meta (META). The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust (QQQ) show mixed money flows. The article also touches on Japan's Nikkei 225 reaching a 34-year high, and the importance of maintaining a protection band in investment strategies.

Portfolio Pulse from The Arora Report

February 16, 2024 | 4:32 pm

The Market Clubhouse Morning Memo for February 16th, 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 outlines potential bullish and bearish price levels for each asset, emphasizing the importance of monitoring these stocks for breakouts or reversals. The trading session is expected to be volatile due to PPI numbers, MOPEX Friday, and speeches from FOMC members. The memo is part of exclusive content offered to Market Clubhouse members, including daily market analysis and live trading insights.

Portfolio Pulse from RIPS

February 16, 2024 | 3:37 pm

Consumer sentiment in the U.S. reached a 31-month high in February 2024, according to the University of Michigan's Consumer Sentiment Index, which rose to 79.6. This marks the third consecutive monthly increase, showcasing consumer resilience despite high interest rates. However, inflation expectations for the year ahead have slightly increased, exceeding the Federal Reserve's 2% target. U.S. stocks declined following a higher-than-expected Producer Price Index (PPI) report, with SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust (QQQ) experiencing drops.

Portfolio Pulse from Piero Cingari

February 16, 2024 | 3:35 pm

U.S. stock futures indicate a mixed opening ahead of key economic data releases, including producer price inflation and consumer sentiment. The S&P 500's recent record run and varied earnings reactions suggest ongoing market momentum. Analyst Adam Turnquist warns that rising Treasury yields could pose risks to the equity market. Premarket trading saw SPDR S&P 500 ETF Trust and Invesco QQQ ETF rise, while stocks like Roku, Coinbase, Applied Materials, and others moved significantly on earnings news.

Portfolio Pulse from Shanthi Rexaline

February 16, 2024 | 12:32 pm

U.S. stocks surged with the S&P 500 crossing 5,000 points, driven by strong corporate earnings and speculation of Fed rate cuts following disappointing retail sales. Small caps led gains, with the iShares Russell 2000 ETF up 1.4%. Commodities rose, with gold and crude oil prices increasing. Key ETFs like SPY, DIA, and QQQ showed varied performance. Sector-wise, energy stocks outperformed while technology lagged. Notable stock movements included Tesla's rise on regulatory optimism, Wells Fargo's gain after regulatory clearance, and mixed reactions to earnings reports from companies like CBRE, Deer & Company, and others.

Portfolio Pulse from Piero Cingari

February 15, 2024 | 7:12 pm

Retail sales data revealed a significant downturn, surprising investors and indicating a potential shift in consumer spending habits. Uber Technologies Inc (UBER) showcased a notable stock jump due to a buyback announcement, highlighting opportunities beyond the dominant tech stocks, referred to as the 'magnificent seven' (AAPL, AMZN, GOOG, META, MSFT, NVDA, TSLA), and AI sector. The article also touches on national security concerns related to Russia, economic downturns in the U.K. and Japan, and layoffs at Cisco Systems Inc (CSCO) and Morgan Stanley (MS). Additionally, it mentions early trade money flows and investor strategies in response to the current market environment.

Portfolio Pulse from The Arora Report

February 15, 2024 | 4:22 pm

The Market Clubhouse Morning Memo for February 15th, 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 bullish and bearish scenarios for each asset, emphasizing the importance of monitoring these stocks for potential breakouts or reversals. The memo also highlights the significance of upcoming premarket employment data and Treasury's bill auction results on market volatility, especially with monthly options expiring soon.

Portfolio Pulse from RIPS

February 15, 2024 | 3:53 pm

Nasdaq and S&P 500 futures edged higher ahead of a slew of economic data, with optimism that the Federal Reserve may soon reverse rates. Bond yields declined, and crude oil prices fell for a second day. U.S. stocks had advanced on Wednesday, with the Nasdaq Composite and S&P 500 showing strength. A Morgan Stanley analyst predicts 2024 will be another good year for equity markets, citing reasons including an uptick in retail fund flows and cooling inflation. In premarket trading, SPDR S&P 500 ETF Trust and Invesco QQQ ETF saw gains. Several companies reacted to earnings announcements, with notable movements in stocks like AppLovin Corporation and Cisco Systems, Inc.

Portfolio Pulse from Shanthi Rexaline

February 15, 2024 | 12:42 pm

Major stock indexes have experienced a rebound, recovering from the dip observed on Tuesday.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 8:43 pm

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.