PowerShares QQQ (QQQ)

QQQ (NASDAQ:Financial Services) ETF
neg -0.25
Today's Range: 110.37 - 111.01 | QQQ Avg Daily Volume: 25,437,800
Last Update: 05/28/15 - 4:00 PM EDT
Volume: 17,245,096
YTD Performance: 5.76%
Open: $110.75
Previous Close: $110.96
52 Week Range: $90.24 - $111.16
Oustanding Shares: 355,900,000
Market Cap: 38,864,280,000
6-Month Chart
TheStreet Ratings Grade for QQQ
Buy Hold Sell
A+ A A- B+ B B- C+ C C- D+ D D- E+ E E- F
TheStreet Ratings is the source for accurate ratings that you can rely upon to make sound, informed financial decisions. Click here to find out about our methodology.
Analysts Ratings
Historical Rec Current 1 Mo. Ago 2 Mo. Ago 3 Mo. Ago
Strong Buy
Moderate Buy
Moderate Sell
Strong Sell
Mean Rec. 0.00 0.00 0.00 0.00
Latest Dividend: 0.00
Latest Dividend Yield: 0.00%
Dividend Ex-Date: 12/31/69
Price Earnings Ratio: 0.00
Price Earnings Comparisons:
QQQ Sector Avg. S&P 500
0.00 0.00 26.72
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
0.29% 23.45% 75.93%
Revenue 0.00 0.00 0.00
Net Income 0.00 0.00 0.00
EPS 0.00 0.00 0.00
Earnings for QQQ:
Revenue 0.00B
Average Earnings Estimates

Earnings Estimates data is not available for QQQ.

Chart Benchmark Timeframe
Average Frequency Indicator Chart
Scale Symbol Comparison Bollinger Bands

Today's Trades Real Money Pro($)

I shorted small in SPY and QQQ. I added to longs of Ford (F), General Motors (GM), Radian (RDN) and a few closed-end municipal bond funds.

Taking Off My QQQ Short Real Money Pro($)

Housekeeping item.
10-year Treasury yields have reversed higher by 8 basis points from the morning's lows. The U.S. dollar is getting stronger (111.14 against the euro). Crude is lower. Equities are overbought. Good news (housing) may be bad news. Everyone's favorite, Apple (AAPL), is faced with the reality of Apple TV (see Piper Jaffray's research). While I continue to prefer being reactive (over-anticipatory), I did short (small) the SPY ($213.72) and QQQ ($110.38) in the premarket trading ramp.

Raised Net Short Exposure Real Money Pro($)

I have raised my net short exposure from small to somewhere between small to medium on this morning's ramp, with the addition of a PowerShares QQQ (QQQ) short at $108.75 and more SPDR S&P 500 (SPY) at $211.05.

Covered My SPY and QQQ Shorts Real Money Pro($)

More housekeeping items.
Mortgage Rates Are Rising and Housing Will Likely Sputter in 2015's Second Half Last week I wrote about the U.S. housing industry's vulnerability to higher interest rates. Sell Side Optimistic on Homebuilders As we enter warmer weather in the country and the seasonally-important home-selling season, most analysts are high on the homebuilding sector. I believe the optimism is misplaced. I expect, away from the silliness in the high end, for the average home price to flatline and for activity/turnover to disappoint throughout the balance of the year. Diverging Charts (REITs and Homebuilders) Over long periods of time, the REIT and Homebuilder indices tend to move together on a directional basis. But over the last three- and six-month periods, the Homebuilder Index has materially outperformed the REIT Index (IYR). I believe that the Homebuilder Index can move back towards the REIT Index and that the gap should narrow, as both are rate sensitive.Here is the comparison (XHB vs. IYR) on the three-month chart. And here is the comparison (XHB vs. IYR) on the six-month chart. Lower Highs, Lower Lows A classical negative technical picture. Lower Lumber Prices As noted by Bobby Lang (to me in an e-mail just now), the price of lumber is back to three-year lows. Over history, lumber prices correlate well to residential housing activity in the U.S. (see chart below). I will be shorting XHB today.
Our two areas of interest are 2095.75/2097.25 and 2070.
We have a bullish short-term oil rally within a bearish trend.

Columnist Conversations

A "mega car merger" is being discussed on Fast Money tonite. The shares are trading up in after hours trading....
All better than expected!!
Hope you'll join me for a bigtime webinar after the close today, we'll be talkin' markets and stuff. https://a...
McIlroy shoots 80 in fist round of the Irish Open. http://espn.go.com/golf/story/_/id/12967211/rory-mcilroy-da...


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TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.