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Invesco QQQ Trust Series 1 (QQQ-Q)
NASDAQ:QQQ
391.01
0.82
(0.21%) 1d
Financials
Technical Analysis
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He just sold it after buying it at $368. Is feeling bearish about the rest of the year. Tech and communication services will offer the only chance of a Q4 rally. And yes, he sold QQQ right before megatech reports next week, and those reports could be good. What changed his mind was the Fed, appearing that they won't quit raising interest rates (Jay Powell spoke yesterday).
He just bought the dip in megatech. Expects upside in megatech in Q4 as the market chases performance. Megatech will deliver such returns.
In order, this basket holds Apple, Microsoft, Amazon, Nvidia and Meta as its top five holdings. All have outperformed in 2023, especially Nvidia. QQQ pays a dividend of 0.57%, but charges only a 0.2% MER. True to the stocks this basket holds, QQQ is no income name, but an ETF to trade when tech peaks and slides. On that note, consider this when the market declines a few more percentage points.
Outlook for the remainder of the year and going into 2024, we could be range bound. If we're range bound, it's very technically driven, so you have to know where resistance and support are.
You have to trade it, because we're not in an investing environment.
Buy on dips. Last year you would have bought on any rally.
The investment seeks investment results that generally correspond to the price and yield performance of the index. 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. Social media mentions are up 5000% in the past 24h.
$367.880
Unknown
The investment seeks investment results that generally correspond to the price and yield performance of the index. 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. Social media mentions are up 350% in the past 24h.
$317.600
Unknown
SPY is more diversified than QQQ, which is mainly technology, biotech, and some consumer names. SPY is 26% technology, 8% communications. Tech sector has gotten ahead of itself again, and the valuations are not that attractive.
He just bought this a little, based on inflation coming down a bit. He's still sitting on a ton of cash. QQQ is a trade, not a long.
A year ago, CAD was $1.27, but now it's at $1.36. CAD is going to work its way back up, and the USD down, though CAD probably won't go beyond $1.38. If you're going to add, just add to the straight QQQ instead of the hedged version. Buy in thirds on the way in and on the way out.
The market is about managing risk. He just bought a short-term, establishing position in QQQ. This could ride re-positioning in the market at little risk.
Invesco QQQ Trust Series 1(QQQ-Q) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 5
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 3
Total Signals / Votes : 8
Invesco QQQ Trust Series 1(QQQ-Q) Frequently Asked Questions
What is Invesco QQQ Trust Series 1 stock symbol?
Invesco QQQ Trust Series 1 is a American stock, trading under the symbol QQQ-Q on the NASDAQ (QQQ). It is usually referred to as NASDAQ:QQQ or QQQ-Q
Is Invesco QQQ Trust Series 1 a buy or a sell?
In the last year, 8 stock analysts published opinions about QQQ-Q. 5 analysts recommended to BUY the stock. 3 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Invesco QQQ Trust Series 1.
Is Invesco QQQ Trust Series 1 a good investment or a top pick?
Invesco QQQ Trust Series 1 was recommended as a Top Pick by on . Read the latest stock experts ratings for Invesco QQQ Trust Series 1.
Why is Invesco QQQ Trust Series 1 stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Invesco QQQ Trust Series 1 worth watching?
8 stock analysts on Stockchase covered Invesco QQQ Trust Series 1 In the last year. It is a trending stock that is worth watching.
What is Invesco QQQ Trust Series 1 stock price?
On 2023-11-29, Invesco QQQ Trust Series 1 (QQQ-Q) stock closed at a price of $391.01.
TQQQ gives you performance that's 3x the daily (an important distinction) performance of the NASDAQ 100, magnified returns and magnified risk. Be very cautious of this strategy.
QQQ gives exposure mostly to tech, and larger weightings in the Magnificent 7. He owns some of those names, but he's very cautious of owning the broader tech index, as valuations are extended.