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

Microsoft's (MSFT) earnings report is considered the most important this season, with a focus on AI monetization and cloud revenue growth. Whisper numbers are higher than consensus, indicating potential for a significant stock move. UPS (UPS) reported earnings below whisper numbers, suggesting economic weakness, impacting the broader market. Treasury borrowing plans are lower than expected, raising questions about political motives. Layoffs at UPS and IBM's work-from-home policy are noted. Early trades show positive money flows for MSFT, NVDA, and TSLA, neutral for GOOG and META, negative for AAPL and AMZN, and mixed for SPY and QQQ. Gold (GLD) and oil (USO) are seeing buying from the momo crowd, while smart money is inactive. Bitcoin (BTC) is moving higher with speculative stocks.

Portfolio Pulse from The Arora Report

January 30, 2024 | 4:18 pm

The Market Clubhouse Morning Memo provides daily trade strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula considering price, volume, and options flow. The memo outlines potential price targets and support levels for each asset, advising traders to monitor these stocks for breakouts or reversals and to stay alert for market volatility, especially with the upcoming FHFA House Price Index and JOLTS Job Openings data releases, as well as the FOMC rate decision.

Portfolio Pulse from RIPS

January 30, 2024 | 4:02 pm

Historical data over the last 20 years shows February to be a flat month for stocks, with the S&P 500 averaging a 0.2% gain. The SPDR S&P 500 Trust (SPY) reflects this trend. The NYSE Composite has had mixed results, averaging a slight loss. The Nasdaq 100, represented by the Invesco QQQ Trust (QQQ), has seen a 0.2% average gain, while the iShares Russell 2000 ETF (IWM) has outperformed with a 0.6% average gain in February. Seasonality is backward-looking and does not guarantee future performance.

Portfolio Pulse from Cory Mitchell

January 30, 2024 | 1:43 pm

Wall Street exhibited caution on Tuesday as investors awaited key earnings from Microsoft, Alphabet, and AMD. The Federal Reserve Open Market Committee began its two-day meeting, with outcomes influencing market sentiment. Monday saw a rally in U.S. stocks, with major indices hitting new records. Analyst Tom Lee warned of a potential pullback after a parabolic move since October. Premarket trading saw slight declines in SPY and QQQ ETFs. Key economic data releases are expected, and several companies reported earnings with mixed results. F5, Inc. saw a premarket surge, while other companies like GM and Whirlpool also moved on earnings news.

Portfolio Pulse from Shanthi Rexaline

January 30, 2024 | 12:25 pm

US stocks saw modest gains on Monday, with the S&P 500 and Nasdaq 100 up slightly, while the Dow Jones was steady. Tesla rebounded 2.4%, SoFi surged over 17% on strong Q4 results, and Lucid jumped 20% on James Bond film rumors. Treasury yields dipped, boosting TLT. Gold prices rose, benefiting GLD, while crude oil prices fell. Major earnings reports and the Federal Reserve meeting are anticipated this week.

Portfolio Pulse from Piero Cingari

January 29, 2024 | 6:57 pm

The Market Clubhouse Morning Memo provides daily trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula considering price, volume, and options flow. The memo outlines potential bullish and bearish price levels for these assets and advises traders to stay alert for breakouts or reversals. The session is expected to be volatile with key earnings reports and the FOMC rate decision due this week. The memo is part of a service offering by RIPS, a professional trader, who provides insights and real-time mentorship to Market Clubhouse members.

Portfolio Pulse from RIPS

January 29, 2024 | 3:59 pm

Swaggy Stocks has released data on the top 10 trending stocks on WallStreetBets as of January 29, 2024. The list includes SOFI, NVDA, AMD, TSLA, AI, AMZN, MSFT, QQQ, SMCI, and UPS.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 2:21 pm

U.S. stocks are set for a mixed open as investors await a series of tech earnings and the Federal Reserve meeting. Big tech companies like Microsoft, Alphabet, Amazon, Meta Platforms, and Apple are reporting earnings, with AI-focused firms expected to perform well. Last week, stock indices gained, with the S&P 500 and Dow closing near record levels. The Fed is expected to maintain high rates, with Chair Powell likely to continue a tough stance on inflation. Futures are slightly up, with SPY and QQQ showing modest gains in premarket trading. Stocks like AMD, Boeing, and SoFi are in focus with upcoming earnings, while China Evergrande's liquidation adds to concerns about China's property sector.

Portfolio Pulse from Shanthi Rexaline

January 29, 2024 | 12:23 pm

The article discusses the recent tech rally, highlighting the performance of the QQQ index and Nvidia (NVDA). It suggests looking at other tech stocks like Salesforce (CRM) and Adobe (ADBE), which have also seen significant gains and are approaching all-time highs. Salesforce received an analyst upgrade and may raise subscription prices in 2024. Adobe's growth is outpacing DocuSign (DOCU), and both CRM and ADBE have potential to test new highs according to their chart setups.

Portfolio Pulse from Thrash Capital

January 26, 2024 | 7:34 pm

Stocks showed mixed performance despite mild inflation data, with the S&P 500 and Nasdaq 100 slightly down, while the Dow Jones edged higher. Personal spending growth outpaced expectations, raising concerns about the Fed's interest rate policy. Bitcoin rallied after hitting 1 million active addresses. Tech stocks and semiconductors fell, with Intel's weak forecast impacting the sector. American Express surged on a strong outlook, while other companies had varied reactions to earnings reports.

Portfolio Pulse from Piero Cingari

January 26, 2024 | 6:18 pm

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