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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

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 the current state of the stock market, focusing on Apple Inc (AAPL) reaching a critical support level and the anticipation of Federal Reserve Chair Powell's testimony. It highlights the aggressive buying of tech stocks, crypto, and other assets by the 'momo crowd' in hopes of dovish remarks from Powell. The article also mentions positive early trade money flows in several major tech companies and ETFs, while Tesla Inc (TSLA) experiences negative flows. Additionally, it covers the buying of gold and oil by the momo crowd and provides general investment advice.

Portfolio Pulse from The Arora Report

March 06, 2024 | 5:03 pm

U.S. stock futures indicate a rebound with tech stocks leading, as investors await Fed Chair Powell's testimony and economic data releases. Tuesday saw a pullback in major indices due to concerns over overbought levels and upcoming economic catalysts. The SPDR S&P 500 ETF Trust and Invesco QQQ ETF are up in premarket trading. Key earnings reports and economic data, including the ADP private payrolls and Fed's Beige Book, are anticipated. Nordstrom, Ross Stores, and CrowdStrike Holdings moved significantly on earnings news.

Portfolio Pulse from Shanthi Rexaline

March 06, 2024 | 11:38 am

Major stock indexes experienced a decline, primarily due to a downturn in technology stocks. This was notably influenced by a decrease in Apple's iPhone sales in China, leading to a fall in Apple shares.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 8:02 pm

Wall Street experienced volatility with major indices down, led by a plunge in mega-cap tech stocks. Tesla and Apple saw significant losses, influenced by a report of declining iPhone sales in China. Bitcoin's value dropped after reaching a record high, while Treasury yields fell, hinting at potential Federal Reserve rate cuts. The iShares 20+ Year Treasury Bond ETF saw gains. Various stocks and ETFs moved based on earnings reports, analyst notes, and capital raising plans.

Portfolio Pulse from Piero Cingari

March 05, 2024 | 7:01 pm

Investors are closely monitoring semiconductors, particularly the VanEck Semiconductor ETF (SMH), for signs of a pullback, as they are a leading indicator in the AI revolution. The article highlights a 62% gain from the Arora buy zone and suggests a potential market-wide pullback if semiconductors decline. Key semiconductor stocks like NVIDIA (NVDA) and Applied Materials (AMAT) are favored. Additionally, AMD faces challenges with U.S. restrictions on AI chip exports to China, and Apple (AAPL) sees a market share drop in China. Gold, represented by SPDR Gold Trust (GLD), has reached a new high, indicating investor anticipation of an interest rate cut. Negative early trade money flows are observed in major tech stocks and ETFs like Amazon (AMZN), Alphabet (GOOG), Meta Platforms (META), Microsoft (MSFT), Tesla (TSLA), SPDR S&P 500 ETF Trust (SPY), and Invesco QQQ Trust (QQQ).

Portfolio Pulse from The Arora Report

March 05, 2024 | 4:14 pm

Economic data revealed a mixed U.S. economic outlook with the service sector expanding for the 14th consecutive month, despite a slight decrease in the ISM Services PMI to 52.6%. Conversely, factory orders in January 2024 saw a significant drop of 3.6%, the largest since April 2020. The decrease in U.S. Treasury yields and a rise in rate cut expectations influenced market reactions, with bonds and gold outperforming stocks. The iShares 20+ Year Treasury Bond ETF (TLT) rallied 1.4%, while the SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ Trust (QQQ) fell 0.9% and 1.9% respectively.

Portfolio Pulse from Piero Cingari

March 05, 2024 | 3:53 pm

The Market Clubhouse Morning Memo for March 5th, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA based on a proprietary formula. It includes specific price levels for bullish and bearish scenarios and advises traders to stay alert for the early New York session's data releases, including PMI and ISM data for February, and a speech by Fed voting member Michael Barr. The memo emphasizes the importance of adapting trading strategies in anticipation of the Non-Farm Payroll announcement.

Portfolio Pulse from RIPS

March 05, 2024 | 3:18 pm

Nasdaq futures are down due to mega-cap tech weakness, with analysts suggesting profit-taking ahead of key events like Federal Reserve Chair Jerome Powell's testimony. The S&P 500 and Nasdaq Composite retreated from all-time highs, while defensive sectors gained. Louis Navellier remains bullish, comparing 2024 to 1999's market. SPDR S&P 500 ETF Trust and Invesco QQQ ETF saw premarket declines. AeroVironment surged post-earnings, while GitLab, Paymentus, and Stitch Fix showed significant moves. Target and others are set to report earnings.

Portfolio Pulse from Shanthi Rexaline

March 05, 2024 | 11:38 am

Stocks showed mixed performance with the Russell 2000 ETF outperforming major indices. Nvidia soared, while Apple, Alphabet, and Tesla faced declines. Gold and Bitcoin approached record highs. Macy's received a higher acquisition offer, and JetBlue ended its bid for Spirit Airlines due to regulatory issues. New York Community Bancorp saw a significant drop, and Hewlett Packard Enterprise surged post-earnings.

Portfolio Pulse from Piero Cingari

March 04, 2024 | 6:36 pm

Super Micro Computer Inc (SMCI) has become a YOLO stock, with its price running up due to its addition to the S&P 500 and becoming a favorite among the momo crowd, despite its high volatility and lack of a competitive moat compared to companies like NVIDIA (NVDA). The article warns investors of the risks associated with YOLO stocks, which have historically seen significant losses after rapid gains. It also mentions the overall stock market sentiment, the performance of major tech stocks, and movements in gold, oil, and Bitcoin prices.

Portfolio Pulse from The Arora Report

March 04, 2024 | 4:45 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.