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

508.40

Mkt cap

202B

Volume

32M

High

514.33

P/E Ratio

41.88

52-wk high

514.33

Low

508.34

Div yield

0.01

52-wk low

369.57

The article discusses aggressive stock buying amid rising layoffs and a revenue increase at TSMC. It highlights the SPDR S&P 500 ETF Trust's (SPY) performance, jobless claims, TSMC's booming sales, and the impact on AI stocks like NVIDIA (NVDA), AMD, Micron Technology (MU), and Applied Materials (AMAT). It also mentions China's market attractiveness, represented by the iShares China Large-Cap ETF (FXI), and the positive early trade money flows in major tech stocks and ETFs like QQQ, with a note on gold, oil, and Bitcoin movements.

Portfolio Pulse from The Arora Report

May 10, 2024 | 3:50 pm

The Market Clubhouse Morning Memo for May 10th, 2024, provides a trade strategy for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula considering price, volume, and options flow. It offers detailed analysis for each asset, suggesting potential bullish and bearish price levels. Additionally, the memo highlights the importance of upcoming U.S. economic data releases and Federal Reserve members' speeches, advising traders to stay vigilant.

Portfolio Pulse from RIPS

May 10, 2024 | 2:51 pm

The Biden administration plans to announce new tariffs targeting China's EV and solar sectors, maintaining most tariffs from the Trump era. This move is part of a broader effort to counteract China's economic practices. Fitch Ratings and Goldman Sachs have expressed concerns over the potential economic impacts, including a possible decline in US and global GDP. Chinese EV stocks listed in the US, such as NIO, Li Auto, and XPeng, showed mixed reactions, while US tech stock futures, including the Invesco QQQ Trust, saw slight increases.

Portfolio Pulse from Piero Cingari

May 10, 2024 | 1:36 pm

U.S. stocks are poised to end the week strong, with futures indicating a higher opening and the S&P 500 potentially surpassing its late-March peak. This optimism is fueled by weak data raising hopes for a Federal Reserve rate cut. The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) saw premarket gains. Notable stock movements include Akamai Technologies (AKAM) and others due to earnings announcements. Upcoming economic data and Federal Reserve speeches are anticipated to provide further market direction.

Portfolio Pulse from Shanthi Rexaline

May 10, 2024 | 11:16 am

Wall Street experienced gains with major indices in the green, driven by an unexpected rise in unemployment claims, fueling speculation of Federal Reserve interest rate cuts. The U.S. dollar fell, and gold rallied. Notable stock movements included Equinix Inc.'s 11% rise after beating funds from operation results, while Roblox Corp. saw a significant drop of 21.1%. ETFs like the SPDR S&P 500 ETF Trust and iShares Russell 2000 ETF also saw increases.

Portfolio Pulse from Piero Cingari

May 09, 2024 | 4:42 pm

ARM Holdings PLC - ADR (NASDAQ:ARM) reported Q4 earnings with a significant year-over-year revenue increase but saw a stock price drop due to earnings not meeting the high whisper numbers. The article also discusses broader market trends, including jobless claims, Bank of England's interest rate decisions, and early trade money flows in major tech stocks and ETFs. It highlights the importance of protection bands for investors and mentions The Arora Report's successful AI and market trend predictions.

Portfolio Pulse from The Arora Report

May 09, 2024 | 2:41 pm

The Market Clubhouse Morning Memo for May 9th, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA based on a proprietary formula considering price, volume, and options flow. It offers detailed analysis for each asset, suggesting potential bullish and bearish price targets. The memo also highlights the importance of upcoming economic indicators and the Bank of England's latest rate decision on market sentiment.

Portfolio Pulse from RIPS

May 09, 2024 | 2:20 pm

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:26 pm

Wall Street anticipates a weaker opening due to rate concerns and awaits earnings reports and a Fed speech. The SPDR S&P 500 ETF Trust and Invesco QQQ ETF saw premarket declines. Positive contributions from Amgen, Inc. and Boeing Co. helped the Dow Jones Industrial Average, while the Nasdaq Composite and S&P 500 Index closed modestly lower. Analysts highlight risks from reduced personal savings and suggest a cautious investment approach amid uncertain market conditions. Several companies reported earnings, influencing stock movements.

Portfolio Pulse from Shanthi Rexaline

May 09, 2024 | 11:27 am

The Market Clubhouse Morning Memo for May 8th, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula considering price, volume, and options flow. The memo outlines potential price movements for these assets, advising traders to monitor for breakouts or reversals. Additionally, the memo highlights key economic events and Federal Reserve officials' speeches that could impact market volatility. Market Clubhouse, led by pro trader RIPS, offers exclusive insights and real-time trading mentorship to its members.

Portfolio Pulse from RIPS

May 08, 2024 | 3:02 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.