PowerShares QQQ (QQQ)

QQQ (NASDAQ:Financial Services) EQUITY
$108.40
neg -0.48
-0.44%
Today's Range: 108.23 - 108.91 | QQQ Avg Daily Volume: 33,065,400
Last Update: 02/27/15 - 4:00 PM EST
Volume: 25,377,903
YTD Performance: 4.92%
Open: $108.84
Previous Close: $108.88
52 Week Range: $83.28 - $108.94
Oustanding Shares: 370,250,000
Market Cap: 40,109,182,500
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
Hold
Moderate Sell
Strong Sell
Mean Rec. 0.00 0.00 0.00 0.00
Latest Dividend: 0.39
Latest Dividend Yield: 1.00%
Dividend Ex-Date: 12/19/14
Price Earnings Ratio: 0.00
Price Earnings Comparisons:
QQQ Sector Avg. S&P 500
0.00 0.00 26.73
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
3.33% 20.56% 69.37%
GROWTH 12 Mo 3 Yr CAGR
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:
EBITDA 0.00B
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($)

Feels like a sleepy summer Friday. I added small to iShares Nasdaq Biotechnology (IBB), SPDR S&P 500 (SPY), PowerShares QQQ (QQQ) and Microsoft (MSFT) shorts.
Apple (AAPL) rebounded from Wednesday's uncharacteristic loss and most of the Horsemen on the Nasdaq continued strong. The redirection "from old tech to new tech" that I noted earlier in the week and again by Jim "El Capitan" Cramer yesterday. Altisource Residential's (RESI) strength and news were good for the home team. Bond yields rose and that trend has continued this morning, with the yield on the 10-year U.S. note approaching 2.05%. (I shorted the iShares 20+ Year Treasury Bond (TLT) at around $129.75 to hedge the interest rate risk in my closed-end municipal bond funds). The most important company news was not cited by the business media: weakness in Bank of America (BAC) shares. After the close, UBS confirmed my 10K filing concerns that could result in an adver

Late Day Observations Real Money Pro($)

Caterpillar (CAT) looks like it has a rendezvous with $80 ahead of it. CAT remains on my Best Ideas List (short). For now, the market bends but doesn't break. I will stick to my notion of a "topping process." I am a $90.75 buyer of Deere (DE). I am working on a thesis why the U.S. auto manufacturers are destined for a period of underperformance and a protracted period of market share loss from foreign exchange weak exporters and from alternative manufacturers (e.g., Tesla (TSLA)) that are improving the "driving experience." The price of crude oil, as I feared, looks like it is destined to make a double bottom and to retest recent lows (-$2.37/barrel on the day). I missed shorting some more Apple (AAPL) as the shares never traded at my level of $131. I mentioned Ocwen (OCN) traded higher on word of a large naked short put trade. What happens is that the market maker on the other side is effectively short (long puts) and is forced to buy stock on a delta-adjusted basis to "even out." New low on TLT on the day and down by about $0.50 from short sale (hedge against muni funds). New daily low on IBM (IBM). Bank of America (BAC) breaks $16, avoid. All five of my regional bank holdings are higher today. Ali Blah Blah has missed out of the Nasdaq rip. Looks lower. (Remember, BABA is on my Surprise List.) I have raised my net short exposure today -- up to 15% net short. Is Warren Buffett becoming fearful while most others have become greedy? Stay tuned to Becky's interview with The Oracle on CNBC's "Squawk Box" on Monday.

It's Really Tempting Real Money Pro($)

Let me be succinct.

Some Midday Observations Real Money Pro($)

Like Bruce Willis, Apple's shares don't die hard or quickly. (The shares are trading +$1.63 after being lower earlier in the day.) The media event invitation for early March (watch) should be no surprise. I plan to add to my short at about $131/share. I suspect the net neutrality decision has been already discounted in the shares of cable companies, Netflix (NFLX), Facebook (FB), et al. The yield on the 10-year U.S. note is now back over 2.00% (up by three basis points). I shorted iShares 20+ Treasury (TLT) at $129.70 as an interest rate hedge to my closed-end municipal bond funds. Maybe the Nasdaq "has" to go to 5,000, despite being +23 handles in Nazzie futures, I continue to add to QQQ short. The redirection out of Hewlett and into Internet plays continues for the second day in a row. Again Jimmy Cramer wrote a great piece last night on this. Bank of America (BAC) is down on some concerns regarding CCAR risks in the company's 10-K. I would stay away from this name. The bank's latest quarter was god awful and it is so poorly managed. I prefer Citigroup (C) and my five smaller regional banks. RESI trades well and is at a day's high now. HLSS trades like there will be a competing and higher bid for the company. To complete the complex, OCN trades well after a multi-thousand sale of out-of-the-money puts. I expect the price of oil to be $47/barrel before $55/barrel. In reading the comments, IBM's investor day has been uninspiring. IBM remains a show-me stock. Anyone can make projections (just ask CAT's management).The presentation was long on "strategic imperatives," ecosystems, core competence, stewardship initiatives and a bunch of management consultant gobbledegook. "If you want to be short innovation, buy IBM's stock." (Hat tip Stan Druckenmiller) I am getting psyched for Warren's letter to Berkshire shareholders on Saturday morning. I am participating in a special project which analyzes The Oracle's shareholder letter with the Wall Street Journal.

Cortes on QQQ Real Money Pro($)

Speaking of my QQQ short, "Fast Money's" Steve Cortes just chimed in with similar reasoning in an e-mail to me.

Cashin's and My Midday Musings Real Money Pro($)

Midday musings from Sir Arthur Cashin (plus my take):
For some time, Caterpillar (CAT) has been my sole short idea on my Best Ideas List.

Added to a Pair of Shorts Real Money Pro($)

I have added to my SPDR S&P 500 (SPY) ($211.36) and PowerShares QQQ (QQQ) ($108.55) shorts this morning.

The Week so Far, in a Nutshell Real Money Pro($)

"Apple Exceeds Emini Volume" questions whether AAPL shares had a "blow-off top" early in the week. "Apple's Price Gains Distort the Market" highlighted the outsized role of Apple on the broader market. Plus, my Apple view was summarized in Barron's. My Trade of the Week shorting the iShares Nasdaq Biotechnology (IBB) at an average cost of $338.85 was principally based on my cautious market view and an overbought view of the Index. The index closed slightly higher than my cost basis. Based on comments, my closing post, "See Ya in the Funny Papers," got a lot of interest in my Diary. On Tuesday, I delivered a negative analysis of Wal-Mart (WMT); the shares were down by about $1 per share in Wednesday's trading. Fed Chair Janet Yellen's second day of testimony was anti-climactic. Again, I felt she was neither hawkish nor dovish on Tuesday, just talking gibberish. This morning, S&P 500

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