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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

Major stock indexes have seen an uptick ahead of the market close, driven by a surge in technology stocks. This positive momentum comes in the wake of robust earnings reported by NVIDIA, which has contributed to the overall strength in the tech sector.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 8:49 pm

Stock indexes closed higher, driven by a surge in semiconductor and AI stocks following NVIDIA's positive earnings report. Block and Intuit are set to report their earnings after the market close.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 8:48 pm

NVIDIA Corp (NASDAQ:NVDA) reported earnings that exceeded expectations, with significant growth in AI inference shipments, indicating rapid AI adoption. The FOMC minutes were hawkish, suggesting no near-term rate cuts. Jobless claims were lower than expected, showing a strong job market. Japan's Nikkei 225 reached a 34-year high, highlighting the potential for long bear markets. Early trade showed positive money flows in major tech stocks and ETFs, while Bitcoin's sentiment was boosted by NVIDIA's earnings.

Portfolio Pulse from The Arora Report

February 22, 2024 | 5:42 pm

Market indexes experienced a rise, driven by NVIDIA's surge following its strong earnings report and positive guidance. This uplift in NVIDIA's stock also positively impacted other semiconductor and AI stocks, leading to a broader market rally.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 4:35 pm

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 2:14 pm

The Market Clubhouse Morning Memo for February 22nd, 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, advising traders to monitor these stocks for breakouts or reversals. The memo also highlights the importance of upcoming employment and PMI data releases, as well as NVIDIA's earnings, which exceeded expectations, for influencing market dynamics.

Portfolio Pulse from RIPS

February 22, 2024 | 1:15 pm

Nvidia's impressive earnings report has sparked optimism in the market, leading to a jump in Nasdaq and S&P 500 futures. Investors are now focused on upcoming economic data, including jobless claims and Fed speeches, to gauge the market's direction. Other stocks mentioned include Five9, Lucid Group, Rivian Automotive, Sunnova Energy, and Sunrun, which moved on their earnings reports. Additionally, several companies are set to report their quarterly results.

Portfolio Pulse from Shanthi Rexaline

February 22, 2024 | 12:23 pm

Nvidia Corp. (NASDAQ:NVDA) reported Q4 earnings with a revenue of $22.10 billion and EPS of $5.16, surpassing Street estimates. The company's revenue saw a 265% year-over-year increase, with significant growth in the Data Center and Gaming sectors. Nvidia's Q1 revenue guidance of $24.0 billion also exceeds expectations. Shares rose 6% in after-hours trading, with a 40.25% increase year-to-date, outperforming major ETFs like SPY, QQQ, and SOXX.

Portfolio Pulse from Chris Katje

February 21, 2024 | 9:54 pm

NVIDIA Corp (NVDA) experienced a significant pullback due to extreme positive positioning, with high volume indicating a negative sentiment. The options market predicts an 11% move post-earnings. Palo Alto Networks Inc (PANW) reported earnings, causing a 24.6% drop, affecting sentiment towards NVDA. Early trade money flows show positive in Amazon (AMZN), neutral in Apple (AAPL), and negative in NVDA, Microsoft (MSFT), Alphabet (GOOG), Meta Platforms (META), Tesla (TSLA), SPDR S&P 500 ETF Trust (SPY), and Invesco QQQ Trust (QQQ). Gold and oil trading are active, with SPDR Gold Trust (GLD) and United States Oil ETF (USO) being the most popular ETFs. Bitcoin sees selling due to NVDA earnings nervousness.

Portfolio Pulse from The Arora Report

February 21, 2024 | 7:20 pm

The latest FOMC minutes revealed the Federal Reserve's cautious stance on interest rate cuts, emphasizing the need for more evidence of a disinflationary trend towards a 2% inflation target. Concerns were raised about the risks of easing policy too quickly and the potential for less restrictive financial conditions to hinder inflation reduction efforts. The minutes also highlighted risks in the Commercial Real Estate (CRE) sector, noting declining prices in multifamily and office spaces. Market reactions included rising Treasury yields, a drop in the iShares 20+ Year Treasury Bond ETF (TLT), increased volatility with the VIX up 4%, and declines in the Invesco QQQ Trust (QQQ) and SPDR S&P 500 ETF Trust (SPY).

Portfolio Pulse from Piero Cingari

February 21, 2024 | 7:18 pm

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