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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 article discusses the current financial market trends, highlighting hotter Producer Price Index (PPI) data indicating higher inflation at the producer level than expected, and declining retail sales suggesting weakening consumer spending. It mentions the positive early trade money flows in several major tech companies and ETFs, while Tesla and NVIDIA experience negative flows. The International Energy Agency predicts an oil supply deficit throughout 2024, contrary to previous surplus expectations. The article advises investors to consider a more defensive position within the protection band to balance market crosscurrents.

Portfolio Pulse from The Arora Report

March 14, 2024 | 4:47 pm

Rising U.S. inflation rates in February, with unexpected increases in both the Consumer Price Index (CPI) and Producer Price Index (PPI), have sparked concerns over the Federal Reserve's potential rate cuts. The CPI and PPI reports showed year-on-year increases of 3.2% and 1.6%, respectively, with significant contributions from a 6.8% surge in gasoline prices. These inflation figures challenge the Fed's hopes for easing inflation towards a 2% target and may affect the anticipated interest rate cuts. The market reacted with Treasury yields rising, the U.S. dollar strengthening, and declines in ETFs tracking bonds, the S&P 500, tech stocks, small caps, gold, and Bitcoin.

Portfolio Pulse from Piero Cingari

March 14, 2024 | 4:19 pm

The Market Clubhouse Morning Memo for March 14th, 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 bullish and bearish price levels for each asset, advising traders to monitor these stocks closely for potential breakouts or reversals. The memo also highlights the importance of the upcoming PPI and Retail Sales data for the Federal Reserve's decision-making, indicating a high volatility trading session.

Portfolio Pulse from RIPS

March 14, 2024 | 3:23 pm

Stock indexes have declined due to February's inflation data, which was worse than anticipated. This has likely impacted investor sentiment and could influence market trends in the short term.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 2:03 pm

Wall Street anticipates a strong start ahead of inflation data, with stock futures up. The optimism is driven by hopes for interest rate cuts and AI excitement, despite challenges like high rates and negative earnings revisions. 3M Co. rallied after announcing a new CEO, influencing the Dow's performance. Analyst Lisa Shalett advises seeking value in U.S. equities beyond AI, highlighting sectors like energy and healthcare. Premarket trading saw SPDR S&P 500 ETF Trust and Invesco QQQ ETF rise. SentinelOne, Robinhood, and Fisker Inc. experienced significant premarket moves due to earnings and bankruptcy news, respectively.

Portfolio Pulse from Shanthi Rexaline

March 14, 2024 | 11:39 am

The upcoming Producer Price Index (PPI) report for February is highly anticipated as it could influence market expectations regarding Federal Reserve rate cuts. Despite higher than expected inflation rates in the consumer sector, markets are leaning towards a 65% probability of a rate cut by June. The PPI report is expected to show a 0.3% monthly increase, with annual producer prices predicted to rise by 1.1%. January's PPI report, which exceeded expectations, led to a negative market reaction, impacting stocks and ETFs like SPY, QQQ, and IWM, as well as major companies like Meta Platforms Inc. (META) and Alphabet Inc. (GOOGL).

Portfolio Pulse from Piero Cingari

March 13, 2024 | 9:29 pm

Tech stocks declined as treasury yields rose and a commodity rally fueled sector rotation, with energy and materials sectors advancing. The S&P 500 remained flat, while the Nasdaq 100 fell by 0.5%. The iShares 20+ Year Treasury Bond ETF (TLT) declined for the fifth session. Commodities like copper and silver surged, with copper reaching highs last seen in April 2023. Gold and oil prices also increased. The SPDR S&P 500 ETF Trust (SPY) was flat, while the Invesco QQQ Trust (QQQ) fell. Sector-wise, the Energy Select Sector SPDR Fund (XLE) and the Materials Select Sector SPDR Fund (XLB) were top performers, whereas the Technology Select Sector SPDR Fund (XLK) trailed. Dollar Tree (DLTR) tumbled after missing earnings, while Southern Copper (SCCO) and other miners rallied. Williams-Sonoma (WSM) soared on strong results, PayPal (PYPL) rose after announcing a new executive, Carnival Corp (CCL) gained on a bullish note, and Tesla (TSLA) fell after a downgrade.

Portfolio Pulse from Piero Cingari

March 13, 2024 | 5:55 pm

The article discusses the impact of AI frenzy and gamma squeeze on the stock market, overpowering concerns about inflation. It highlights the strong performance of Invesco QQQ Trust Series 1 (QQQ) and NVIDIA Corp (NVDA) due to Oracle Corp's (ORCL) earnings indicating high demand for NVIDIA chips. It also notes the mixed money flows in major tech stocks and ETFs, and the momo crowd's shift from Tesla Inc (TSLA) to NVDA. Additionally, it mentions the positive outlook for oil based on API crude inventory data.

Portfolio Pulse from The Arora Report

March 13, 2024 | 3:44 pm

The Market Clubhouse Morning Memo for March 13th, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA based on a proprietary formula. It offers detailed bullish and bearish price targets for each asset, emphasizing the importance of monitoring these stocks for potential breakouts or reversals. The memo also notes that the 30-Year Bond Auction might introduce market volatility, advising traders to adjust their strategies accordingly.

Portfolio Pulse from RIPS

March 13, 2024 | 2:30 pm

US stock futures indicate a flat open after a relief rally, with caution prevailing on Wall Street. Bitcoin surpasses $73K, while gold declines. Analysts stress the need for robust earnings to justify market strength, highlighting high S&P 500 valuations in a higher interest rate environment. SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) show slight premarket movements. Tesla, Dollar Tree, Williams-Sonoma, SentinelOne, and Lennar are in focus due to stock performance and upcoming earnings.

Portfolio Pulse from Shanthi Rexaline

March 13, 2024 | 10:49 am

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.