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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

The top Wall Street Bets mentions for Tuesday, May 23, 2023, include SPY, NVDA, PLTR, TSLA, AMD, QQQ, MVIS, SPCE, IWM, and UPST.

Portfolio Pulse from Charles Gross

May 23, 2023 | 5:51 pm

Major indices are lower after House Speaker McCarthy informed House Republicans that he and Biden were not close to reaching a deal on the debt limit.

Portfolio Pulse from Bill Haddad

May 23, 2023 | 5:43 pm

The Federal Reserve will release the minutes of the May FOMC meeting, which may impact stocks and bonds if market expectations diverge from the Fed's reality. Investors will scrutinize the minutes for signs of divergence among FOMC members about the future path of interest rates. Assets such as SHY, TLT, SPY, and QQQ may experience volatility as a result.

Portfolio Pulse from Piero Cingari

May 23, 2023 | 4:34 pm

The latest US PMI data shows business activity at its highest level in 13 months, with the S&P Global US Composite PMI at 54.5 in May. However, the gap between manufacturing and services continues to widen, with manufacturing PMI at 48.5 and services PMI at 55.1. The stock market is volatile, with SPY down 0.3% and QQQ down 0.4%.

Portfolio Pulse from Piero Cingari

May 23, 2023 | 3:00 pm

US stocks are poised for a flat open on Tuesday due to the debt ceiling impasse. Analyst Ryan Detrick believes October lows won't be violated, citing the S&P 500's 200-day moving average trending higher. In premarket trading, SPDR S&P 500 ETF Trust (SPY) fell 0.12% and Invesco QQQ ETF (QQQ) slipped 0.08%.

Portfolio Pulse from Shanthi Rexaline

May 23, 2023 | 11:15 am

Despite the ongoing debt ceiling crisis, the S&P 500 and Nasdaq Composite have reached 9-month highs. The options market outlook for SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust Series 1 (QQQ) indicates potential resistance and support levels in the short term.

Portfolio Pulse from Bhavik Nair

May 23, 2023 | 11:01 am

JPMorgan CEO Jamie Dimon warns that everyone should be prepared for higher interest rates and tightening credit. He suggests being prepared for 6-7% rates. Treasury yields are affected by the Federal Reserve's rate hikes and the ongoing debt ceiling crisis.

Portfolio Pulse from Bhavik Nair

May 23, 2023 | 5:45 am

Game theory suggests Wall Street's resilience to the ongoing debt ceiling crisis may be due to investors' reluctance to sell risk assets. Despite the crisis, the S&P 500 and Nasdaq Composite are near their peak levels in nine months. The debt ceiling crisis remains unresolved.

Portfolio Pulse from Bhavik Nair

May 23, 2023 | 4:33 am

Democratic presidential candidate Marianne Williamson criticized House Speaker Kevin McCarthy's resolution on spending cuts, accusing him of targeting the poor and disadvantaged. The debt ceiling crisis remains unresolved, but the Nasdaq Composite closed at its highest level since August. SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust Series 1 (QQQ) saw gains.

Portfolio Pulse from Bhavik Nair

May 23, 2023 | 2:39 am

The S&P 500 is attempting to break out of a year-long base, while individual stocks like AMZN, GOOGL, SNOW, UBER, UPST, MU, and LRCX are front-running the index with sideways price action followed by upward moves. The market is focusing on inflation, recession, debt ceiling, and weak market breadth, but opportunities for profit on the long side remain.

Portfolio Pulse from Andrew Moss

May 22, 2023 | 7:01 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.