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 article discusses the upcoming earnings report from Microsoft (MSFT) and its potential impact on AI stocks, the start of the FOMC meeting, and the importance of the Bank of Japan's decision. It also highlights early trade money flows in major tech stocks and ETFs, and provides investment advice on protection bands and bond allocations.

Portfolio Pulse from The Arora Report

July 30, 2024 | 4:32 pm

August is historically a weak month for stock market returns, with major indices like the S&P 500, Nasdaq 100, and NYSE Composite showing low to negative average returns. The SPDR S&P 500 ETF (SPY) and Invesco QQQ Trust (QQQ) reflect these trends. Investors should consider seasonality as one of many factors in their trading decisions.

Portfolio Pulse from Cory Mitchell

July 30, 2024 | 4:13 pm

The Market Clubhouse Morning Memo for July 30th, 2024, provides a detailed analysis of key price levels for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. The memo outlines potential bullish and bearish targets for each asset based on proprietary formulas. Key economic data releases and the upcoming FOMC rate decision are expected to influence today's market session.

Portfolio Pulse from RIPS

July 30, 2024 | 4:01 pm

Nasdaq and S&P futures rise as traders anticipate earnings from Microsoft and AMD, and the Federal Reserve's rate-setting meeting. Positive sentiment is driven by expectations of rate cuts in September. Key companies reporting earnings include Microsoft, AMD, and others. F5, Inc. jumps in premarket trading, while Rambus, Lattice Semiconductor, and others decline.

Portfolio Pulse from Shanthi Rexaline

July 30, 2024 | 11:27 am

Micron Technology Inc (MU) shares have been volatile in July, influenced by potential US restrictions on China, geopolitical tensions, and mixed tech earnings. The semiconductor sector, including Micron, faces potential impacts from reduced AI and data center investments, economic uncertainties, and inventory pressures.

Portfolio Pulse from Henry Khederian

July 29, 2024 | 5:06 pm

The article discusses the recent outperformance of the iShares Russell 2000 ETF (IWM) compared to the 'Magnificent Seven' stocks, driven by factors such as hedge fund short squeezes, favorable policies from Trump, and potential interest rate cuts. It also highlights Trump's proposal for a national strategic bitcoin reserve, which has boosted Bitcoin's price. The article advises caution with small caps due to upcoming earnings reports and suggests maintaining a balanced investment strategy.

Portfolio Pulse from The Arora Report

July 29, 2024 | 4:59 pm

Prominent economists and analysts highlight the extraordinary performance of the U.S. economy, with a surprising 2.8% GDP growth in Q2 2024. Consumer spending reached record highs, driven by real income gains and a tight labor market. The S&P 500 and tech stocks have seen significant rallies, with SPY up 53% and QQQ up 78% since October 2022. Despite high interest rates, inflation has moderated, nearing the Fed's 2% target.

Portfolio Pulse from Piero Cingari

July 29, 2024 | 2:03 pm

US stocks are poised to extend gains ahead of key tech earnings and the FOMC meeting. Major tech companies like Microsoft, Apple, Amazon, and Meta are set to report earnings, which could set the market's tempo. Index futures show cautious optimism, and small-cap stocks continue to rally due to attractive valuations and rate-cut expectations. Key economic data and earnings reports from companies like McDonald's, ON Semiconductor, and others are also in focus.

Portfolio Pulse from Shanthi Rexaline

July 29, 2024 | 11:43 am

The upcoming week is crucial for tech stocks as major companies like Apple, Amazon, Microsoft, and Meta are set to report their earnings. Last week's earnings were mixed, with Tesla, Alphabet, and STMicroelectronics disappointing investors. However, IBM saw positive reactions due to strong AI bookings. Analysts are optimistic about the tech sector's future, especially with significant AI investments expected. The Invesco QQQ Trust and SPDR S&P 500 ETF Trust showed mixed performance last week.

Portfolio Pulse from Shanthi Rexaline

July 29, 2024 | 10:25 am

AI chip stocks including Nvidia, AMD, Broadcom, and Qualcomm are rebounding after a selloff due to geopolitical tensions and poor Big Tech earnings. Nvidia supplier SK Hynix reported record profits, and China’s subsidies for new energy vehicles and consumer electronics are providing additional support. Analyst Christopher Rolland maintained a Positive rating on AMD with a $200 price target, citing potential gains in server CPU revenue and enterprise adoption. Investors can also gain exposure through ETFs like Vanguard S&P 500 ETF and Invesco QQQ Trust.

Portfolio Pulse from Anusuya Lahiri

July 26, 2024 | 3:49 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.