Latest news with #QQQ
Yahoo
6 days ago
- Business
- Yahoo
Strong Google Q2 Earnings Power QQQ to New Highs
Shares of Alphabet Inc. (GOOG, GOOGL) climbed Thursday after the company reported stronger-than-expected second-quarter results. In turn, major tech-heavy exchange-traded funds like the Invesco QQQ Trust (QQQ) rose as well. Alphabet was last trading up about 2% midday Thursday, nearing its all-time high of just over $206 reached in January. At its session high of nearly $198, the stock was only 4% off that record. The rally helped boost QQQ, even though Alphabet itself has underperformed in 2025. The stock is up 2.4% year to date, trailing both QQQ, which is up 10.9%, and the Communication Services Select Sector SPDR Fund (XLC), which has gained 13.6%. While Alphabet is often thought of as a tech company, it's classified in the communication-services sector under the Global Industry Classification Standard (GICS). Google Beats Estimates The Google parent reported earnings per share of $2.31 for Q2, topping analyst estimates of $2.18. Revenue came in at $81.7 billion, beating expectations of $79.6 billion and marking a 14% year-over-year increase. Investors were particularly encouraged by a nearly 12% rise in search revenue, a signal that concerns over AI-powered chatbots disrupting Google's core business may have been overstated. Google has been aggressively evolving its search platform in the AI era, incorporating features like 'AI Overviews' and a chatbot-style search mode. It also continues to promote its Gemini chatbot, which competes directly with OpenAI's ChatGPT. On the earnings call, CEO Sundar Pichai noted that Gemini now has more than 450 million monthly active users. That still lags ChatGPT, which is estimated to have between 800 million and 1 billion users, but it shows Google is holding its own in the race. Cloud Business Sees the Light Meanwhile, Google Cloud continued to impress, with revenue growing 32% year over year, another sign of robust demand for AI infrastructure. That demand is fueling a surge in capital expenditures. Alphabet raised its capex estimate for 2025 to $85 billion, up from a previous estimate of $75 billion. The jump initially spooked investors, but the stock rebounded as it became clear that the increase was a result of massive demand for Google's cloud services. That rise in AI-related spending also lifted shares of semiconductor stocks like Nvidia Corp. (NVDA) and Broadcom Inc. (AVGO), which supply key components for AI servers and data centers. Both were trading near record highs on Thursday. Pichai emphasized that Alphabet's heavy investment in AI is bearing fruit: 'We are leading at the frontier of AI and shipping at an incredible pace. AI is positively impacting every part of the business, driving strong momentum.' As Alphabet's AI strategy gains traction, tech and communication services ETFs could continue to | © Copyright 2025 All rights reserved Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Invesco Q2 ETF Assets Leap 32% on Strong QQQM Inflows
Invesco Ltd. (IVZ), the fourth-largest ETF issuer, reported that assets in its business unit that includes exchange-traded funds leapt 32% during the second quarter, compared with the same quarter last year, as equity markets jumped. The unit's assets rose to $546.9 billion from $415.1 billion in last year's second quarter, the company said in a statement. Compared with this year's first quarter, assets swelled 11% from $491 billion. That business doesn't include results from Invesco's biggest fund, the $358.1 billion Invesco QQQ Trust (QQQ), which doesn't produce management fees due to its unit investment trust structure. As the S&P 500 gained 11% during the quarter, Invesco's ETF and index business generated $40.6 billion in market gains, nearly 12 times the $3.8 billion the business created during last year's second quarter. In this year's first quarter, the business suffered a loss of $10.9 billion as markets tumbled amid President Donald Trump ramping up a series of tariff battles with trading partners around the globe. The Atlanta-based company produces income from fees on the 242 ETFs it manages. QQQM Pulls in Big Money While QQQ doesn't generate fees, a copycat that does, the $55.1 billion Invesco NASDAQ 100 ETF (QQQM), pulled in a net $5.6 billion in flows during the quarter. The company said last week it aims to restructure QQQ as an open-ended fund and generate fees. The company highlighted 'Another strong quarter with annualized organic growth of +10% and continued market share gains with strength across geographies,' in a slide presentation. Overall, the ETF and index business's net inflows fell 23% to $12.6 billion from the first quarter and were little changed year over year. This was partially due to net outflows of $2.9 billion from the company's second-largest fund, the $73.9 billion Invesco S&P 500 Equal Weight ETF (RSP). That fund, which tracks an equal-weighted index of S&P 500 companies, charges a 0.2% management fee, compared with the passive, market-cap weighted, $701.8 billion Vanguard S&P 500 ETF (VOO), the world's largest ETF, which charges 0.03%. QQQM Second-Quarter Flows Source: and FactSet Data ETF Issuers Boosted by Market Gains Other publicly traded ETF issuers reported that second-quarter market gains boosted their businesses. The largest, Blackrock Inc. (BLK), last week said its iShares ETF franchise attracted $85 billion in net flows during the second quarter and ETF assets under management reached $4.7 trillion. Charles Schwab Corp. (SCHW), the fifth-largest U.S. ETF issuer, said assets in its exchange-traded funds rose 26% during the second quarter. WisdomTree Inc. (WT) is the final large ETF issuer set to report second-quarter earnings, which it will do Friday, July | © Copyright 2025 All rights reserved Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
7 days ago
- Business
- Bloomberg
Invesco's QQQ Gambit Seen Unlocking $150 Million in Revenue
Invesco Ltd.'s move to convert its famed tech fund QQQ into an open-ended structure could translate into a $150 million yearly windfall for the asset manager. Chief Financial Officer Allison Dukes said on the company's earnings call Tuesday that transforming the Invesco QQQ Trust Series 1 from a unit investment trust into an ETF could benefit net revenue and adjusted operating income by about four basis points — or roughly $150 million, Bloomberg Intelligence estimates. In its current format, Invesco sees virtually none of the fee revenue that QQQ generates, but ETF conversion would allow the firm to reorder the revenue breakdown.
CNBC
22-07-2025
- Business
- CNBC
The charts are showing signs that tech could pull back in the near term
The growth trade has gone almost parabolic since the April lows with a 40% rise in less than four months. I think we're in a secular bull market and should be considerably higher one year from now. Near term, however, I also think a pullback is possible. Should you care? I don't know. It depends on your perspectives and objectives. But if a 5% pullback is something you consider actionable, then a hedge in the Nasdaq might make sense. One investor's bull market is another investor's bear market. Trading and investing is all about your own personal perspectives and objectives. There is not one proper way to invest and speculate in the markets. You have to decide what best meets your objectives. If you're not sure how to answer those questions, please consult a financial advisor. It doesn't make you ignorant. We have actual scientists as clients - much smarter than I - who need help answering those questions. We're trained for this. Looking at the Invesco QQQ Trust , which tracks the Nasdaq-100, you'll see a sharp rise from the April lows. The Relative Strength Indicator (RSI) put in a commensurate rise with the QQQ price through May. In June, QQQ broke through the former $540 double top resistance level, which is now acting as support and a target level should the pullback I'm about to describe starts to manifest. However, when the $540 ceiling was being penetrated, the RSI did not confirm with a push to new highs indicating that momentum, or rate-of-change, was waning. Think of a ball being thrown in the air. Towards the apex of the throw the ball continues to move higher, but at a slowing rate of change until the direction changes and gravity takes over. In my short-term Active Opps model for our more active clients, I plan to bring in a short hedge via the ProShares Ultrashort QQQ ETF (QID) to protect gains in our core holdings. QID is trading around $24.61 and will look to exit the trade at a loss if it trades below $24.25. Remember, as QQQ goes up the QID goes down. Wednesday kicks off the heart of megacap growth earnings with Alphabet, ServiceNow and Tesla reporting. It gets busier next week with more earnings and next Federal Reserve meeting. Looking at some other macro markets with a potential impact on the stock market, I'm seeing gold (left chart) threatening a break through $317 resistance and the 20 year+ treasury bond ETF TLT acting a little 'bottomish' with a possible inverse head and shoulders with attendant RSI divergence. Gold and bond moving higher here is a cause for concern. Some profit taking before the real heart of earnings season after a historic 40% run in less than four months seems reasonable and relevant to our shorter-term managed model Active Opps. In the bigger, longer-time frame portfolios we managed, this possible pullback is noise and not something to be bothered with. I believe we're still in a secular AI-driven technology bull market that should be significantly higher one year from now. -Todd Gordon, Founder of Inside Edge Capital, LLC We offer active portfolio management and regular subscriber updates like the idea presented above . DISCLOSURES: Gordon owns GOOGL, NOW, TSLA personally and in his wealth management company Inside Edge Capital. All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL'S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. Click here for the full disclaimer.
Yahoo
22-07-2025
- Business
- Yahoo
Watch These QQQ Price Levels as Nasdaq 100 ETF at Record High Ahead of Big Tech Earnings
The Invesco QQQ Trust (QQQ) is trading at record high levels as investors await earnings reports this week from several major technology companies EV maker Tesla (TSLA) and Google parent Alphabet (GOOGL) and computing giant IBM (IBM) are due to report quarterly results after the closing bell Wednesday, while embattled chipmaker Intel (INTC) is scheduled to release its earnings reports late Thursday. The QQQ, which tracks the performance of the tech-heavy Nasdaq 100 Index, has received a boost in recent months from improved sentiment surrounding technology stocks as concerns about tariffs have eased and economic data reports have remained strong. Through Monday's close, the ETF had rebounded 40% from its early-April low and was up 10% since the start of the year. The QQQ was down slightly at around $563 in the opening minutes of Tuesday's session. Below, we break down the technicals on QQQ's chart and identify price levels that investors will likely be watching. Price Discovery After breaking out from a flag pattern late last month, QQQ's price has continued its move into price discovery. Importantly, the breakout coincided with the 50-day moving average (MA) crossing above the 200-day MA to form a golden cross, a bullish chart signal that indicates the start of a new uptrend. Moreover, the relative strength index has remained near its overbought threshold since early May, confirming the fund's strong price momentum. Let's apply technical analysis to forecast a near-term overhead target worth watching if the fund's price continues making new highs and also identify support levels to monitor during future retracements. Measured Move Near-Term Price Target Investors can forecast a near-term overhead price target by using the measured move technique, also known by chart watchers as the measuring principle. When applying the analysis to QQQ's chart, we calculate the distance of the trend higher that immediately preceded the flag and add that amount to the pattern's breakout area. For example, we add $53 to $536, which projects a bullish target of $589, about 4% above Monday's closing price. Support Levels to Monitor During retracements, it's initially worth monitoring the $540 level. This area, just above the rising 50-day MA, would likely attract strong buying interest near the top of the flag pattern and two prominent peaks that formed on the chart in December and February. Finally, a more significant pullback in the QQQs could see the price revisit lower support around $515. Investors may look for entry points in this location near a trendline that links a range of corresponding price action on the chart between November and June. The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our warranty and liability disclaimer for more info. As of the date this article was written, the author does not own any of the above securities. Read the original article on Investopedia
