PowerShares QQQ (QQQ)

QQQ (NASDAQ:Financial Services) ETF
$105.26
pos +3.00
+3.00%
Today's Range: 103.30 - 104.51 | QQQ Avg Daily Volume: 24,050,100
Last Update: 06/29/16 - 9:09 AM EDT
Volume: 28,260,604
YTD Performance: -8.62%
Open: $103.33
Previous Close: $102.22
52 Week Range: $84.74 - $115.75
Oustanding Shares: 331,700,000
Market Cap: 33,906,374,000
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
Hold
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 12.90
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
-4.70% -4.40% 43.63%
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
Average Frequency Timeframe
Indicator Chart Scale  
Symbol Comparison Bollinger Bands
There's a familiar pattern at play in the charts.
My intermediate-term fair-market-value projection for the S&P 500 is about 1,900, or some 7.5% below the index's current read of roughly 2,056.
The SPDR S&P 500 ETF (SPY). The PowerShares QQQ ETF (QQQ). The iShares Russell 2000 ETF (IWM). The Materials Select Sector SPDR ETF (XLB). The Consumer Staples Select S
Here's how I intend to play the wild session ahead.
The SPDR S&P 500 ETF (SPY) -- our Trade of the Week -- which we shorted at $209+ a share. The PowerShares QQQ ETF (QQQ). The iShares Russell 2000 ETF (IWM). My other plans: I'll be covering my short of the iShares MSCI United Kingdom ETF (EWU). I might also take off my small short of the Financial Select Sector SPDR ETF (XLF), even though "lower-for-longer" interest rates could doom bank-industry earnings. That said, my XLF moves will depend on how much the financials drop today. I'm also taking SPY, QQQ, IWM and EWU off of my "Best Short Ideas" list, due to changes in those ETFs' risk-vs.-reward quotient this morning. Given the likely rise in volatility (not to mention the possible market chaos that we might see), I plan to use an opportunistic trading strategy today. I'll place both my long and short investments on the back burner and won't increase my long-term commitments. Instead, I plan to opportunistically trade on the long side (an area where I'm not currently well represented), but will be so only on a short-term trading basis for now. That said, it's conceivable that good longer-term long opportunities will arise over the next few weeks or so. The Bottom Line Uncertainty, risks and rewards will all abound today, but I want to err on the side of conservatism. I'll harvest some of my short gains, then approach the market in an opportunistic manner on both the long and short sides. I'll be back to market neutral by the time the opening bell rings today, and then I plan to trade aggressively. Most people other than the most facile and quick traders should probably just sit on the sidelines and watch today's acti
I'm expanding short of the PowerShares QQQ ETF (QQQ) as the TFANGs, which have served as the market's leadership for years, appear to be breaking down and rolling over.
I added even further to my short of the PowerShares QQQ ETF (QQQ) at $108.80 just a few minutes ago, for reasons that I outlined in my last missive.
Microsoft's share price will presumably fall on the news. (It was down some 3% at last check.) Other cloud companies' prices will also likely fall, as MSFT is presumably no longer a likely suitor for them. Microsoft will have its hands full for now with the LinkedIn deal. Accordingly, I've added to my short of the PowerShares QQQ ETF (QQQ) this morning. P.S. Citron Research's Andrew Left just told CNBC thi
But don't sell a market short because you don't like the way prices are rallying.

My Morning Musings Real Money Pro($)

The Materials Select Sector SPDR ETF (XLB) -- this week's Short Trade of the Week -- initially fell, but ended higher on the day. I plan to add to this short today on any further strength. The Consumer Staples Select Sector SPDR ETF (XLP), last week's Short Trade of the Week, also rose. Defensive staples were strong throughout the afternoon. I've moved my short book's emphasis over the past several weeks to individual securities and sectors and away from broad bets like shorts of the SPDR S&P 500 ETF (SPY) and the PowerShares QQQ ETF (QQQ). That's because the former is working better than the l

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