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

Earnings reports and a dovish Federal Reserve stance lifted stocks last week, with Apple and Amazon leading the charge. FactSet reports 80% of S&P 500 companies have exceeded earnings expectations. This week, attention turns to Disney, Palantir, Robinhood, and Reddit's debut report. The SPDR S&P 500 ETF Trust and Invesco QQQ Trust saw gains, reflecting positive market sentiment.

Portfolio Pulse from Shanthi Rexaline

May 06, 2024 | 9:25 am

A weaker-than-expected jobs report led to a market rally, with hopes of interest rate cuts. The S&P 500 and Nasdaq 100 saw significant gains, with Apple Inc. surging nearly 7% after announcing a $110-billion buyback program. The iShares Russell 2000 ETF also rose. Cryptocurrencies, including Bitcoin, gained, with Bitcoin surpassing $61,000. Various stocks moved on earnings reports, with notable rises in Amgen Inc. and MercadoLibre Inc., and declines in Expedia Group Inc. and Fortinet Inc.

Portfolio Pulse from Piero Cingari

May 03, 2024 | 5:51 pm

US stock indexes rose after a weak jobs report fueled speculation of a potential easing in Federal Reserve policy. Additionally, strong earnings from Apple contributed to positive market sentiment.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 5:14 pm

The April jobs report showed slower job growth, a slight increase in unemployment, and cooling wage increases, leading to expectations of a Federal Reserve policy easing. The report, indicating a potential economic slowdown, has impacted Treasury yields and stock market ETFs positively, with the iShares 20+ Year Treasury Bond ETF (TLT) and the Invesco QQQ Trust (QQQ) experiencing gains. Analysts offer mixed views, with some seeing a 'Goldilocks' scenario favorable for the markets, while others express concerns about economic health and inflation.

Portfolio Pulse from Piero Cingari

May 03, 2024 | 4:08 pm

The stock market is poised for an upswing as wage growth slows, signaling potential for lower inflation and interest rate cuts. SPDR S&P 500 ETF Trust (SPY) reflects this optimism. Apple Inc's (AAPL) earnings were in line with expectations, but its largest buyback announcement and optimistic guidance are driving positive sentiment. Amgen Inc (AMGN) is up on promising drug data, affecting competitors Eli Lilly (LLY) and Novo Nordisk (NVO). Early trades show positive money flows in major tech stocks and ETFs like Amazon (AMZN), Alphabet (GOOG), Meta Platforms (META), Microsoft (MSFT), NVIDIA (NVDA), Tesla (TSLA), and Invesco QQQ Trust (QQQ). Gold, oil, and Bitcoin also see buying interest.

Portfolio Pulse from The Arora Report

May 03, 2024 | 2:59 pm

The Market Clubhouse Morning Memo for May 3rd, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula. It outlines potential price movements for these assets, suggesting levels for bulls and bears to watch. The memo also highlights the importance of upcoming economic reports, including Non-Farm Payrolls, Average Hourly Earnings, and the ISM Services Index, which could significantly impact market volatility and trading strategies.

Portfolio Pulse from RIPS

May 03, 2024 | 2:12 pm

Wall Street anticipates continued upward momentum, buoyed by Apple's positive earnings report, which included a significant buyback program and a dividend hike. However, upcoming non-farm payrolls data and wage inflation measures may influence market sentiment. Premarket trading saw gains in SPDR S&P 500 ETF Trust and Invesco QQQ ETF. Other stocks showed varied movements based on their earnings reports. The market's direction may hinge on inflation trends and the Federal Reserve's interest rate decisions.

Portfolio Pulse from Shanthi Rexaline

May 03, 2024 | 11:03 am

Apple, Inc. (AAPL) reported Q2 results surpassing expectations with a $90.75B revenue and announced a $110B buyback program. Despite a year-over-year revenue decline, Services and Mac sales exceeded forecasts. Apple's EPS fell from the previous year but set a new March quarter record. The company declared a quarterly dividend and expressed confidence in future growth, hinting at upcoming product announcements. AAPL shares rose 3.5% post-earnings, contrasting with its year-to-date performance.

Portfolio Pulse from Shanthi Rexaline

May 02, 2024 | 8:45 pm

Stock indexes rose after the Federal Reserve announced it would leave interest rates unchanged. Fed Chair Powell also mentioned that a rate hike in the next policy move is unlikely, signaling a potentially dovish stance on future monetary policy.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 6:33 pm

U.S. stock markets saw gains with the S&P 500 and Nasdaq 100 up, driven by positive corporate earnings and Fed Chair Jerome Powell's dismissal of a rate hike. Semiconductors, particularly Qualcomm, rebounded strongly. Small caps outperformed large caps, and treasury yields fell, indicating reduced interest rate hike fears. Commodities like gold and crude oil fell, while Bitcoin saw a slight recovery. Notable stock movements included Linde plc and ConocoPhillips dropping due to earnings reports, while Regeneron Pharmaceuticals and Moderna Inc. saw significant gains.

Portfolio Pulse from Piero Cingari

May 02, 2024 | 5:37 pm

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