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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 Market Clubhouse Morning Memo for March 18th, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula. It offers detailed support and resistance levels for each asset, advising traders to monitor these stocks for potential breakouts or reversals. The memo also highlights the importance of staying alert to market changes to optimize trading gains. Additionally, it mentions the upcoming NAHB Housing Market Index and Treasury bill auction results, with a note on the anticipated FOMC rate decision.

Portfolio Pulse from RIPS

March 18, 2024 | 2:31 pm

Stock futures indicate a strong open, driven by Nvidia's AI conference and potential Alphabet-Apple partnership, despite concerns over Fed's upcoming meeting and recent inflation data. Nvidia and Alphabet stocks rose in premarket trading, while the broader market showed mixed reactions to inflation and interest rate expectations. Upcoming economic data and Fed decisions are anticipated to further influence market direction.

Portfolio Pulse from Shanthi Rexaline

March 18, 2024 | 11:37 am

Wall Street experienced a risk-off sentiment due to high producer inflation figures, affecting major stock indices and cryptocurrencies. The Nasdaq 100 trailed, while small caps and energy stocks avoided losses. The VIX was up 5%, and the iShares 20+ Year Treasury Bond ETF (TLT) fell nearly 3%. Bitcoin dropped to $68,000. Commodities, especially industrial metals and oil, saw gains, with the Invesco DB Commodity Index Tracking Fund (DBC) poised for its best week since January 2024. Major ETFs like SPY, DIA, and QQQ fell, while sector-specific ETFs like XLE and XLB saw gains. Individual stocks like SCCO, JBL, Z, COMP, RDFN, ADBE, GERN, and CSGP had notable movements.

Portfolio Pulse from Piero Cingari

March 15, 2024 | 6:12 pm

The article discusses the impact of a $5 trillion quadruple witching event on the stock market, highlighting Microsoft's breakout amidst NVIDIA's pullback, and Adobe's stock fall due to AI competition. It also covers Japan's wage negotiations potentially affecting the Bank of Japan's interest rate policy, early trade money flows in major tech stocks and ETFs, and Bitcoin whales liquidating $500M. The article advises investors on protection strategies amidst market volatility.

Portfolio Pulse from The Arora Report

March 15, 2024 | 3:22 pm

The Market Clubhouse Morning Memo for March 15th, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA based on proprietary formulas. It outlines potential price movements and targets for each asset, emphasizing the importance of monitoring these stocks for breakouts or reversals. The memo also highlights the significance of the day due to the release of Empire Manufacturing data and it being Triple Witching Friday, which could increase market volatility.

Portfolio Pulse from RIPS

March 15, 2024 | 2:46 pm

The University of Michigan's consumer sentiment report for March showed a slight decrease in the overall sentiment index to 76.5, with inflation expectations remaining above the Fed's 2% target. Consumer sentiment has been stable since January 2024, with year-ahead inflation expectations at 3% and long-term expectations at 2.9%. The market reacted minimally to the report, with the SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ Trust (QQQ) both showing declines, while the Energy Select Sector SPDR Fund (XLE) saw an increase.

Portfolio Pulse from Piero Cingari

March 15, 2024 | 2:33 pm

US stock futures rose modestly early Friday, indicating a positive market mood after Thursday's inflation-induced sell-off. The anticipation of a dovish stance from the Federal Reserve in the upcoming meeting has contributed to this optimism. Bond yields are slipping, and traders are looking forward to key economic reports. The previous session saw a decline in major indices due to a higher-than-expected producer price inflation report. Analyst Louis Navellier suggests the Fed may not cut interest rates until June or later, highlighting AI hardware and weight loss drugs as strong investment themes. Premarket trading saw movements in several stocks following earnings announcements, with notable declines in Adobe Inc. and gains in Cardlytics, Inc.

Portfolio Pulse from Shanthi Rexaline

March 15, 2024 | 11:21 am

Stock indexes fell following a larger-than-expected increase in the Producer Price Index (PPI), leading to a rise in the dollar. Cryptocurrencies and semiconductor stocks also experienced a pullback.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 7:34 pm

Stocks fell as February's Producer Price Index inflation data exceeded expectations, dashing hopes for a Fed rate cut. U.S. Treasury yields rose, and the iShares 20+ Year Treasury Bond ETF (TLT) saw a decline. The S&P 500, Nasdaq 100, and Dow experienced modest losses, while the VIX surged. The iShares Russell 2000 ETF (IWM) underperformed, and oil prices rose due to anticipated supply deficits. Notable stock movements included Tesla and Nvidia falling, while Robinhood and Halliburton rose. Fisker slumped on bankruptcy reports.

Portfolio Pulse from Piero Cingari

March 14, 2024 | 6:20 pm

The Federal Reserve's Bank Term Funding Program (BFTP), initiated in response to the failures of Silicon Valley Bank and Signature Bank in March 2023, has ended. The program, which injected $164 billion into the banking system, aimed to prevent a regional banking crisis by providing affordable liquidity. Its conclusion raises concerns about future liquidity and may impact the performance of regional banks, tech stocks, and Bitcoin. The SPDR S&P Regional Banking ETF (KRE), Invesco QQQ Trust (QQQ), and Bitcoin (BTC) have seen significant gains since the program's inception.

Portfolio Pulse from Piero Cingari

March 14, 2024 | 6:00 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.