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

Economic data released Thursday showed higher-than-expected jobless claims, a decline in housing starts and permits, and a drop in the Philly Fed Index. Treasury yields rose slightly, and the U.S. Dollar Index gained. Futures on major U.S. equity indices traded higher but trimmed gains post-data.

Portfolio Pulse from Piero Cingari

June 20, 2024 | 1:12 pm

U.S. stocks are expected to continue their upward trend as the market reopens after the Juneteenth holiday. Tech stocks, particularly Nvidia, have shown strong performance, but analysts caution about potential seasonal weakness later in June. Key economic data, including jobless claims and housing starts, will be closely watched. Nvidia, Super Micro Computer, and several other companies are in focus due to recent developments and upcoming earnings reports.

Portfolio Pulse from Shanthi Rexaline

June 20, 2024 | 11:25 am

Nvidia Corp (NASDAQ:NVDA) has become the world's most valuable listed company due to surging demand for its AI chips, with its stock tripling in value over the past 12 months. Key supplier Taiwan Semiconductor Manufacturing Co (NYSE:TSM) is developing new chip packaging methods to meet AI-driven demand. Investors can gain exposure to Nvidia through Vanguard S&P 500 ETF (NYSE:VOO) and Invesco QQQ Trust, Series 1 (NASDAQ:QQQ).

Portfolio Pulse from Anusuya Lahiri

June 20, 2024 | 10:10 am

Market strategist Thomas Hayes from Great Hill Capital has expressed caution regarding Nvidia's (NVDA) short-term performance despite its recent rally. He believes the stock's high earnings multiple and reliance on maintaining high gross margins may not be sustainable. Hayes also expects Nvidia and other tech giants like Microsoft (MSFT) to underperform in the second half of the year, while small-cap stocks and ETFs like iShares Russell 2000 (IWM) may see better performance if the Federal Reserve cuts interest rates.

Portfolio Pulse from Shanthi Rexaline

June 20, 2024 | 8:38 am

The article discusses the current state of the stock market, highlighting the momentum-driven rally in AI stocks and the potential risks associated with it. It mentions the SPDR S&P 500 ETF Trust (SPY) as a key indicator, noting its overbought status and low trading volume. The article also covers the recent retail sales data, which came in below expectations, and the bankruptcy filing of Fisker Inc. Additionally, it provides insights into early trade money flows for major tech stocks and ETFs, as well as the behavior of the 'momo crowd' and 'smart money' in various asset classes.

Portfolio Pulse from The Arora Report

June 18, 2024 | 3:06 pm

Wall Street is showing mixed signals with tech stocks poised for a strong start, while the Dow and S&P 500 futures are slightly down. The market's direction will depend on upcoming retail sales data and Federal Reserve speeches. Analysts remain optimistic about the market's upward momentum, driven by potential Fed rate cuts and an AI-related stock rally. Key stocks in focus include La-Z-Boy, Lennar Corp, Broadcom, and NextEra Energy.

Portfolio Pulse from Shanthi Rexaline

June 18, 2024 | 11:31 am

U.S. retail sales for May are expected to rise by 0.2% as inflation eases and consumer sentiment improves. The Census Bureau will release the data before Tuesday's trading session. Previous retail sales reports had mixed impacts on major stocks and ETFs.

Portfolio Pulse from Michael Juliano

June 17, 2024 | 8:34 pm

The Market Clubhouse Morning Memo for June 17th, 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 scenarios for each asset, emphasizing the importance of monitoring these levels for potential breakouts or reversals. The memo also notes limited significant data releases for the day and anticipates a challenging week of trading due to light volume and erratic volatility.

Portfolio Pulse from RIPS

June 17, 2024 | 2:16 pm

U.S. stocks are set for a cautious start after last week's record run, with mixed sentiment in index futures. Key focus areas include Fed speeches and manufacturing data. Tech stocks may continue to show strength, but broader market performance remains uncertain. Analysts suggest buying on dips and highlight the importance of falling Treasury yields and broader market rotation. Autodesk shares rose on news of an activist investor stake, while La-Z-Boy and Lennar are set to release quarterly results.

Portfolio Pulse from Shanthi Rexaline

June 17, 2024 | 11:35 am

The semiconductor industry has reached a combined valuation of $6.3 trillion, with the PHLX Semiconductor Sector Index poised for a 6% gain this week. Nvidia Corp. (NASDAQ:NVDA) has surpassed a $3 trillion valuation, but six other semiconductor companies, including Broadcom Inc. (NASDAQ:AVGO) and Arm Holdings plc (NASDAQ:ARM), have outperformed Nvidia this week.

Portfolio Pulse from Piero Cingari

June 14, 2024 | 6:48 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.