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

Traders have reduced expectations for a March Fed rate cut, with a 58% chance of rates staying the same, but still anticipate six rate cuts by December 2024. Strong economic data, including job growth and retail sales, have dampened immediate rate cut prospects. However, Fed futures suggest an 85% chance of a cut by May and similar odds for June. U.S. stock ETFs like SPY, DIA, and QQQ are trading at all-time highs, buoyed by these rate cut expectations.

Portfolio Pulse from Piero Cingari

January 22, 2024 | 9:00 pm

Stocks are on the rise as major indexes gain momentum and Treasury yields fall, indicating a positive market trend.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 7:50 pm

U.S. stock indexes hit all-time highs with the S&P 500 reaching 4,850 points, Nasdaq 100 at 17,365, and the Dow Jones briefly touching 38,000. Small caps outperformed, with the iShares Russell 2000 ETF (IWM) rising 1.7%. Treasury yields eased, benefiting the iShares 20+ Year Treasury Bond ETF (TLT), which rose 0.6%. Gold fell, oil prices soared, and Bitcoin tumbled. SPDR S&P 500 ETF Trust (SPY), SPDR Dow Jones (DIA), and Invesco QQQ Trust (QQQ) all rose 0.3%. Industrials Select Sector Fund (XLI) outperformed, while Utilities Select Sector Fund (XLU) lagged. AMD fell after a downgrade, Tesla dropped due to a stalling EV outlook, ADM plummeted amid an investigation, GILD fell after a trial failure, and WDC rose on business separation plans. Key earnings reports are anticipated this week from companies like GE, JNJ, RTX, PG, VZ, LMT, NFLX, TXN, ISRG, and more.

Portfolio Pulse from Piero Cingari

January 22, 2024 | 6:35 pm

The S&P 500, Dow Jones, and Nasdaq 100 indices have reached all-time highs, raising questions about market overvaluation. Current valuations are slightly above historical averages, with the S&P 500's forward P/E ratio at 19.5, the Dow's at 18.4, and the Nasdaq 100's at 25.9. Despite this, the market does not show signs of severe overvaluation. Sector-specific P/E ratios within the S&P 500 vary, with Information Technology and Consumer Discretionary sectors having the highest ratios.

Portfolio Pulse from Piero Cingari

January 22, 2024 | 5:34 pm

Swaggy Stocks has listed the top 10 trending stocks on WallStreetBets as of January 22, 2024. The stocks include NVDA, AMD, AI, TSLA, PYPL, SMCI, AAPL, META, QQQ, and MSFT.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 2:14 pm

The S&P 500, tracked by SPY, hit all-time highs, while the Nasdaq 100, tracked by QQQ, continued its upward trend. Uber and Tesla are partnering to promote EV adoption. Amazon secured sports streaming rights, boosting its Prime Video offerings. Dogecoin's price target is set at $5 by an analyst. Bitcoin faces uncertainty ahead of the halving event. Plug Power's equity offering may not entice investors. PayPal is expected to have a 'transition year' with range-bound stock prices.

Portfolio Pulse from Michael Cohen

January 20, 2024 | 2:26 pm

The S&P 500, tracked by SPDR S&P 500 ETF Trust (SPY), hit record highs, with tech and AI stocks driving gains. Consumer data showed strong retail sales and high confidence. At Davos, AI's potential and need for regulation were discussed, impacting views on cryptocurrencies like Dogecoin (DOGE) and Ripple (XRP). Meta Platforms is heavily investing in AI for the metaverse. Fed rate cut expectations have been adjusted with mixed views from financial leaders.

Portfolio Pulse from Piero Cingari

January 19, 2024 | 9:42 pm

Stocks are on the rise, buoyed by positive consumer sentiment data, encouraging earnings reports, and expectations of a Federal Reserve rate cut.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 7:41 pm

The S&P 500 and Nasdaq hit new all-time highs, with the S&P 500 reaching 4,819 points and the Nasdaq 100 surpassing 17,000 points. The surge is attributed to AI-driven stocks and strong chipmaker performance, with the VanEck Semiconductor ETF (SMH) up significantly. Consumer confidence reports exceeded expectations, and despite mixed signals from Fed officials, the market did not react negatively. Treasury yields rose, and major ETFs like SPY, DIA, and QQQ also saw gains. Sector-wise, XLK outperformed while XLU lagged. Notable stock movers included PayPal (PYPL), Broadcom (AVGO), QUALCOMM (QCOM), Texas Instruments (TXN), Lam Research (LRCX), Ally Financial (ALLY), Wayfair (W), and Celsius Holdings (CELH).

Portfolio Pulse from Piero Cingari

January 19, 2024 | 6:30 pm

U.S. consumer sentiment in January 2024 reached its highest level since July 2021, with the University of Michigan's index surging to 78.8. The report also noted a decrease in consumer inflation expectations. However, existing home sales fell by 1.0% in December 2023, hitting an annualized rate of 3.78 million units, the lowest since August 2010. In response, major U.S. stock averages rose slightly, with SPDR S&P 500 ETF Trust (SPY) up 0.3%, and Invesco QQQ Trust (QQQ) up 0.7%. U.S. Treasury yields increased, while the iShares 20+ Year Treasury Bond ETF (TLT) fell 0.3%.

Portfolio Pulse from Piero Cingari

January 19, 2024 | 3:57 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.