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 May CPI report and the FOMC meeting are set to occur on the same day, potentially causing market volatility. April's data showed easing inflation, aligning with forecasts. Economists expect the headline annual inflation rate to hold steady at 3.4%, with core inflation at 3.6%. The report will influence the Fed's stance on interest rates, with a softer reading supporting potential rate cuts. Previous CPI reports have triggered rallies in stocks, bonds, gold, and speculative assets.

Portfolio Pulse from Piero Cingari

June 11, 2024 | 4:12 pm

U.S. stock futures indicate a weak start on Tuesday following Monday's record close. Investors are cautious ahead of the Federal Reserve meeting and May inflation reports. Oracle's earnings are in focus due to its AI exposure. Yext fell 17.5% in premarket trading after quarterly results, while Kyndryl Holdings dropped over 3% on news of a joint bid for DXC Technology with Apollo Global Management. SPDR S&P 500 ETF Trust and Invesco QQQ ETF also saw slight declines in premarket trading.

Portfolio Pulse from Shanthi Rexaline

June 11, 2024 | 11:26 am

Apple shares fell nearly 2% following the WWDC 2024 event, where the company introduced new AI advancements but failed to meet market expectations for monetization. Despite the decline in Apple and Tesla shares, the broader tech sector, including ETFs with significant Apple exposure, showed gains.

Portfolio Pulse from Piero Cingari

June 10, 2024 | 8:21 pm

Advanced Micro Devices Inc (AMD) shares are trading lower after a downgrade by Morgan Stanley analyst Joseph Moore, who cited high valuations and competition from Nvidia. Despite the downgrade, AMD is expected to gain market share in the CPU markets. Additionally, there are concerns about AMD's progress with Samsung on 3-nanometer chip technology, with suggestions to invest in TSM's 2-nm products instead. AMD stock has gained over 26% in the last 12 months.

Portfolio Pulse from Anusuya Lahiri

June 10, 2024 | 5:14 pm

The Market Clubhouse Morning Memo for June 10th, 2024, provides a detailed analysis of SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. The memo outlines key price levels for each asset, suggesting potential bullish and bearish targets based on proprietary formulas. The memo also highlights important economic events to watch, including the New York Fed Survey of Consumer Expectations, Treasury's Buyback Announcement, and various Treasury auctions.

Portfolio Pulse from RIPS

June 10, 2024 | 2:20 pm

U.S. stocks are set to open lower on Monday due to concerns over the Federal Reserve's upcoming rate decision and May inflation data. Key stocks in focus include GameStop, Nvidia, CrowdStrike, KKR, GoDaddy, and Southwest Airlines. ETFs SPY and QQQ are also trading down in premarket.

Portfolio Pulse from Shanthi Rexaline

June 10, 2024 | 11:28 am

The article discusses the impact of a strong jobs report on the stock market, highlighting increased volatility and the actions of smart money and the momo crowd. It also covers the early trade money flows in major tech stocks, the cessation of gold buying by China's central bank, and the implications for various ETFs.

Portfolio Pulse from The Arora Report

June 07, 2024 | 4:49 pm

The May labor market report showed stronger-than-expected job gains and wage growth, leading to a decline in hopes for a July rate cut. Major indices experienced slight declines, with sector-specific reactions varying. Financials and health care outperformed, while real estate and materials underperformed.

Portfolio Pulse from Piero Cingari

June 07, 2024 | 2:50 pm

The Market Clubhouse Morning Memo for June 7th, 2024, provides a detailed analysis of SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. The memo outlines key price levels and potential bullish and bearish scenarios for each asset. The trading session is expected to be influenced by the Non-Farm Payrolls report, which could impact market sentiment and trading strategies ahead of the FOMC Rate Decision next week.

Portfolio Pulse from RIPS

June 07, 2024 | 2:45 pm

Major indexes are trading lower following stronger-than-expected US economic data.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 12:32 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.