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

The ARK Innovation ETF (ARKK) has underperformed compared to the Invesco QQQ Trust (QQQ) over the past five years. ARKK's focus on disruptive technologies has led to high volatility and lower returns, while QQQ's investment in established tech giants has resulted in consistent gains. ARKK's higher expense ratio and ambitious stock predictions have further hindered its performance.

Portfolio Pulse from Surbhi Jain

August 21, 2024 | 7:42 pm

Stocks trimmed gains on Wednesday due to a downward revision in nonfarm payrolls, indicating a weaker labor market. Target surged on strong earnings, while Macy's fell after lowering revenue guidance. Investors are anticipating the Fed's July meeting minutes.

Portfolio Pulse from Piero Cingari

August 21, 2024 | 5:47 pm

Bill Baruch announced on CNBC that he is buying 450 QQQ puts expiring on November 15 as a protection play. This move suggests a bearish outlook or a hedge against potential downside in the Nasdaq-100 index.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 4:49 pm

The article discusses the resilience of the U.S. consumer, highlighting Target's strong earnings and increased guidance, while Macy's underperforms. Nvidia's stock momentum has paused, and upcoming jobs data may impact markets. Money flows are positive for several tech giants, while mixed for major ETFs.

Portfolio Pulse from The Arora Report

August 21, 2024 | 3:46 pm

The U.S. economy saw a significant downward revision of 818,000 non-farm payrolls from April 2023 to March 2024, indicating a weaker labor market than expected. This has increased expectations for interest rate cuts, leading to a rally in stocks and a weakening of the U.S. Dollar Index.

Portfolio Pulse from Piero Cingari

August 21, 2024 | 2:59 pm

The S&P 500 and Nasdaq 100 indices ended their 8-day winning streak due to a lack of economic data and hawkish comments from Fed Governor Michelle Bowman. Major drags included Nvidia, Exxon Mobil, and energy stocks, while some sectors like consumer staples and healthcare saw gains.

Portfolio Pulse from Piero Cingari

August 20, 2024 | 8:39 pm

Major stock indexes have declined following a recent rebound, indicating potential volatility in the market.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 5:59 pm

Wall Street experienced a downturn with all major U.S. indices trading in the red. The S&P 500 and Nasdaq 100 are at risk of ending their eight-day winning streak. The U.S. dollar fell to an eight-month low, impacting the Invesco DB USD Index Bullish Fund ETF (UUP). Treasury yields declined, benefiting the iShares 20+ Year Treasury Bond ETF (TLT). Notable stock movements included Palo Alto Networks' 8.6% rise due to strong earnings, while Boeing fell over 4% after grounding its 777X test fleet.

Portfolio Pulse from Piero Cingari

August 20, 2024 | 5:45 pm

The stock market is currently overbought, driven by Nvidia's upcoming earnings and expectations from the Jackson Hole meeting. Nvidia's stock is particularly overbought, with its RSI indicating a potential resistance zone. Money flows are positive for Alphabet and Tesla, neutral for Apple, Amazon, Meta, Microsoft, and Nvidia, and negative for SPY and QQQ ETFs. Investors are advised to be cautious and consider protection strategies.

Portfolio Pulse from The Arora Report

August 20, 2024 | 3:34 pm

AMD has reduced prices for its Ryzen desktop processors due to lackluster reviews, impacting margins. However, AMD's acquisition of ZT Systems for $4.9 billion could drive future stock value. Despite a semiconductor selloff, AMD stock is up 49% over the past year.

Portfolio Pulse from Anusuya Lahiri

August 20, 2024 | 2:42 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.