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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

US stocks may see a pause after a record rally, with caution returning ahead of key economic data. AI-leveraged stocks could provide support. Last week, buoyed by Nvidia's earnings, US stocks hit new highs. Analysts are optimistic about 2024, expecting narrow market focus and benefits from Fed rate cuts and election year optimism. Futures indicate a mixed opening. SPDR S&P 500 ETF Trust and Invesco QQQ ETF showed slight premarket movements. Key companies like Berkshire Hathaway and Li Auto saw premarket gains following earnings reports.

Portfolio Pulse from Shanthi Rexaline

February 26, 2024 | 10:33 am

The stock market reached a new high, driven by a renewed AI frenzy, particularly after NVIDIA Corp's earnings announcement, which saw its stock value surge by a record $277B in one day. This AI enthusiasm has overshadowed concerns such as high interest rates and overestimated earnings outside of AI. Early trade money flows show positive trends for Meta Platforms, Microsoft, and NVIDIA, neutral for Apple and Alphabet, and negative for Amazon and Tesla. Mixed money flows are observed in SPDR S&P 500 ETF Trust and Invesco QQQ Trust. The article also notes the impact on gold, oil, and Bitcoin markets, with specific ETFs mentioned for each.

Portfolio Pulse from The Arora Report

February 23, 2024 | 6:36 pm

The Market Clubhouse Morning Memo for February 23rd, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA based on a proprietary formula. It offers detailed price level predictions for each asset, suggesting potential short-term movements based on price, volume, and options flow. The memo emphasizes the importance of monitoring these stocks for breakouts or reversals, with a special note on the lack of significant US economic data affecting today's market and highlighting NVIDIA and Meta for institutional positioning.

Portfolio Pulse from RIPS

February 23, 2024 | 4:20 pm

U.S. stocks are set for a mixed open after Thursday's rally, driven by Nvidia's strong quarterly results and Federal Reserve Governor Lisa Cook's comments on interest rates. The Nasdaq Composite and S&P 500 reached new highs, with IT stocks leading gains. Analysts suggest earnings will be a major market catalyst this year, with mixed views on the economy's direction and the Federal Reserve's actions. Premarket trading saw movements in several stocks due to earnings reports, with notable rises and falls.

Portfolio Pulse from Shanthi Rexaline

February 23, 2024 | 12:34 pm

Major stock indexes have seen an uptick ahead of the market close, driven by a surge in technology stocks. This positive momentum comes in the wake of robust earnings reported by NVIDIA, which has contributed to the overall strength in the tech sector.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 8:49 pm

Stock indexes closed higher, driven by a surge in semiconductor and AI stocks following NVIDIA's positive earnings report. Block and Intuit are set to report their earnings after the market close.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 8:48 pm

NVIDIA Corp (NASDAQ:NVDA) reported earnings that exceeded expectations, with significant growth in AI inference shipments, indicating rapid AI adoption. The FOMC minutes were hawkish, suggesting no near-term rate cuts. Jobless claims were lower than expected, showing a strong job market. Japan's Nikkei 225 reached a 34-year high, highlighting the potential for long bear markets. Early trade showed positive money flows in major tech stocks and ETFs, while Bitcoin's sentiment was boosted by NVIDIA's earnings.

Portfolio Pulse from The Arora Report

February 22, 2024 | 5:42 pm

Market indexes experienced a rise, driven by NVIDIA's surge following its strong earnings report and positive guidance. This uplift in NVIDIA's stock also positively impacted other semiconductor and AI stocks, leading to a broader market rally.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 4:35 pm

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 2:14 pm

The Market Clubhouse Morning Memo for February 22nd, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA based on proprietary formulas. It outlines potential price movements and targets for each asset, advising traders to monitor these stocks for breakouts or reversals. The memo also highlights the importance of upcoming employment and PMI data releases, as well as NVIDIA's earnings, which exceeded expectations, for influencing market dynamics.

Portfolio Pulse from RIPS

February 22, 2024 | 1:15 pm

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