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 positive outlook for defense stocks regardless of the election outcome, with RTX, LMT, and LHX showing strong performance. It also highlights the mixed performance of tech stocks and the potential impact of Trump's support for Bitcoin. Additionally, it provides insights into personal income and spending data, and the importance of maintaining a balanced investment strategy.

Portfolio Pulse from The Arora Report

July 26, 2024 | 3:30 pm

The Market Clubhouse Morning Memo for July 26th, 2024, provides a detailed analysis of SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. The memo outlines key support and resistance levels for each stock, offering potential bullish and bearish scenarios. The session's direction will be influenced by the release of the Core PCE Deflator, University of Michigan Sentiment, and Kansas City Fed Services Activity report, along with the expiration of weekly options.

Portfolio Pulse from RIPS

July 26, 2024 | 3:19 pm

Major indexes are higher following June PCE data. Investors are also assessing earnings across various sectors.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 2:56 pm

US stocks are poised to end the week on a high note, led by Nvidia and other mega-cap tech stocks in premarket trading. Key inflation data will be crucial for sustaining the rally. Major index futures are higher, with the Nasdaq 100 and S&P 500 showing gains. Several companies, including Apple, Amazon, Microsoft, and Meta, are set to release earnings next week. The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) showed mixed premarket performance. Deckers Outdoor Corporation, Boyd Gaming Corporation, Mohawk Industries, and DexCom reacted to their earnings. Tech stocks like Nvidia, Micron, Broadcom, and AMD firmed up in premarket trading.

Portfolio Pulse from Shanthi Rexaline

July 26, 2024 | 11:39 am

The Nasdaq 100 index fell to its lowest level since early June, marking its worst two-day drop since September 2022. Despite positive economic indicators, a sentiment shift led to a decline in tech stocks. Alphabet Inc. (GOOGL) fell due to competition from OpenAI. The Invesco QQQ Trust (QQQ) also saw significant declines.

Portfolio Pulse from Piero Cingari

July 25, 2024 | 9:02 pm

Micron Technology Inc (NASDAQ:MU) shares are down roughly 1% amid overall market weakness, driven by potential further restrictions on China, comments on the China-Taiwan standoff, and recent tech earnings updates. The semiconductor sector, including Micron, is impacted by potential reductions in AI-related investments. Mixed macroeconomic signals add to the uncertainty.

Portfolio Pulse from Henry Khederian

July 25, 2024 | 6:17 pm

Intel has appointed Dr. Naga Chandrasekaran from Micron Technology as its new chief global operations officer, effective August 12. This leadership change is part of Intel's strategy to strengthen its AI chip manufacturing capabilities. Intel aims to achieve $1 billion in software revenue by 2027 and expects to ship chips for over 100 million AI PCs by 2025. The stock has lost 8% in the last 12 months, and investors can gain exposure through ETFs like QQQ and SPY.

Portfolio Pulse from Anusuya Lahiri

July 25, 2024 | 5:50 pm

Nvidia Corp (NVDA) is central to Sustainable Metal Cloud's (SMC) $950M AI data center expansion. SMC plans to increase its Nvidia H100 AI chips from 1,200 to 5,000 by year-end. The broader semiconductor index, represented by Invesco QQQ Trust (QQQ), is facing a selloff due to geopolitical tensions and unimpressive Big Tech earnings. Nvidia shares have dropped 10.2% in the last seven days.

Portfolio Pulse from Anusuya Lahiri

July 25, 2024 | 5:27 pm

US Indexes are higher following better-than-expected GDP growth. Investors also assess recent earnings reports across sectors.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 5:04 pm

The upcoming release of the Personal Consumption Expenditure (PCE) price index, the Fed's preferred inflation measure, is anticipated to show a decrease, potentially reinforcing expectations of future Fed rate cuts. The U.S. economy grew at an annualized rate of 2.8% in Q2, exceeding forecasts. Market reactions to previous PCE data have been mixed, with large-cap stocks and bonds falling, while small caps outperformed.

Portfolio Pulse from Piero Cingari

July 25, 2024 | 3:56 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.