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 various financial insights, including the performance of the iShares 20+ Year Treasury Bond ETF (TLT), concerns about private credit, and notable earnings reports from companies like Salesforce (CRM), C3.ai (AI), and Best Buy (BBY). It also highlights early trade money flows in major tech stocks and ETFs, and provides guidance on protection bands and traditional 60/40 portfolios.

Portfolio Pulse from The Arora Report

May 30, 2024 | 4:52 pm

The Market Clubhouse Morning Memo for May 30th, 2024, provides a detailed analysis of SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. The memo outlines key price levels to watch for potential breakouts or reversals, based on a proprietary formula. Additionally, the memo highlights several high-impact economic events scheduled for the day, including GDP readings, jobless claims, pending home sales data, a Treasury bill auction, and a speech by Federal Reserve member John Williams. These events are expected to cause significant market movements.

Portfolio Pulse from RIPS

May 30, 2024 | 2:34 pm

Major indexes are lower following mixed economic data and weak guidance from Salesforce.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 1:48 pm

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 1:17 pm

U.S. stocks are expected to remain weak due to elevated bond yields and mixed earnings. Key economic data, including inflation, jobs, and GDP reports, are on traders' radar. Major ETFs like SPY and QQQ are down in premarket trading. Several companies, including Agilent Technologies and Salesforce, are experiencing significant stock movements due to earnings reports.

Portfolio Pulse from Shanthi Rexaline

May 30, 2024 | 11:47 am

Volatility surged in the market as Treasury yields and the US dollar climbed ahead of key economic releases. The CBOE Volatility Index (VIX) spiked 9%, and the yield on the 30-year Treasury note rose to 4.74%. The iShares 20+ Year Treasury Bond ETF (TLT) fell 1.3%, while the Invesco DB USD Index Bullish Fund ETF (UUP) rose 0.5%. Major US equity indices and sectors traded in the red. American Airlines (AAL) tumbled 14% after trimming Q2 earnings guidance and receiving analyst downgrades. ConocoPhillips (COP) announced an all-stock deal to buy Marathon Oil (MRO), with COP shares falling 4% and MRO rising 8%. Bank OZK (OZK) dropped 14% following a downgrade from Citigroup. Dicks Sporting Goods (DKS) spiked 15% after beating earnings expectations. Other notable stock movements included Heico Corp. (HEI) up 2.1%, Viking Holdings (VIK) down 2.7%, Chewy Inc. (CHWY) up 29%, Abercrombie & Fitch (ANF) up 22%, and Advance Auto Parts (AAP) down 8%.

Portfolio Pulse from Piero Cingari

May 29, 2024 | 5:32 pm

The Magnificent 7 stocks, including Nvidia, Microsoft, Apple, Amazon, Alphabet, Meta Platforms, and Tesla, now make up 31% of the S&P 500 ETF Trust (SPY) and have significant weight in the Invesco QQQ Trust (QQQ). Nvidia's strong performance has driven its market cap close to Microsoft and Apple. The high concentration of these stocks in major ETFs raises concerns about potential volatility.

Portfolio Pulse from Chris Katje

May 29, 2024 | 5:15 pm

Major indexes are experiencing a decline due to rising Treasury yields and a pullback in NVIDIA's stock.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 3:45 pm

Wall Street experienced significant volatility on Thursday, with major indices and sectors trading in the red. The VIX rose 8%, and Treasury yields surged, leading to declines in fixed-income assets. Key ETFs and stocks such as TLT, UUP, SPY, QQQ, DIA, IWM, AAL, MRO, MRNA, and MOH were impacted.

Portfolio Pulse from Piero Cingari

May 29, 2024 | 3:01 pm

The stock market is under pressure due to soft Treasury auctions and potential rate hikes. Money flows are neutral in NVIDIA and Apple, but negative in Amazon, Alphabet, Meta, Microsoft, Tesla, SPDR S&P 500 ETF Trust, and Invesco QQQ Trust. The momo crowd is buying oil and selling gold, while smart money is inactive. Bitcoin may see a significant drop due to potential Mt. Gox-related sales.

Portfolio Pulse from The Arora Report

May 29, 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.