Nasdaq AMZN Amazon

Investors keen on investing in the technology sector could consider the Invesco QQQ Trust ( NASDAQ:QQQ) ETF. This appealing ETF closely tracks the Nasdaq 100 Index ( NDX ) and provides an opportunity for investors to hold stocks from 10 different sectors. Interestingly, based on  technical indicators, QQQ is still a Buy near its current levels. Technical Analysis in Detail According to TipRanks’ technical analysis tool, the QQQ ETF stock’s 50-day EMA (exponential moving average) is 349.63, making it a Buy. Further, the moving average convergence divergence (MACD) indicator also signals a Buy. At the same time, QQQ’s price rate of change (ROC) of 0.35 points to a bullish trend. Also, the QQQ ETF’s Williams %R signals a Buy. Overall, on the one-day time frame, QQQ stock is a Strong Buy, according to TipRanks’ easy-to-read technical summary signals. This is based on 16 Bullish, six Neutral, and zero Bearish signals. Latest Update on QQQ ETF The QQQ ETF’s impressive year-to-date rally of over 41% can be largely attributed to the substantial increase in stock prices of the top seven technology companies. These companies include Microsoft ( MSFT ), Apple ( AAPL ), Nvidia ( NVDA ), Amazon ( AMZN ), Tesla ( TSLA ), Meta ( META ), and Alphabet ( GOOGL ) ( GOOG ). Together, these stocks account for more than 55% of the holdings in the QQQ ETF. It is important to note that Nasdaq ( NDAQ ) has scheduled a special rebalance of the Nasdaq 100 Index before the market opens on July 24. The purpose of this rebalance is to mitigate the issue of overconcentration in the index by reducing the combined weight of these seven giants. According to the index’s methodology, it is expected that the total weighting of these stocks will decrease by between 6% to 8%. Furthermore, The Trade Desk ( TTD ) will be added to the Nasdaq 100 prior to the market opening on July 17, 2023. TTD will be replacing Activision Blizzard ( ATVI ), which is set to be acquired by MSFT. Is QQQ a Good ETF to Invest In? As per 1,214  top Wall Street analysts providing ratings on the  QQQ’s 102 holdings, the ETF comes in as a Moderate Buy, and the average QQQ price target of $392.47 implies 5.3% upside potential. It is noteworthy that these top analysts have an impressive history of helping investors generate massive returns from their recommendations. Moreover, according to TipRanks’ Smart Score System, QQQ stock has a Smart Score of 8 out of 10, which indicates that it could outperform the broader market over the long term. Disclosure

MUSQ launched its first-ever ETF named MUSQ Global Music Industry ETF MUSQ early this week.  The fund offers a unique “pure play” exposure to the $26.6 billion global music industry. This is a pioneering move that promises to resh

Apple's AAPL streaming service, Apple TV+, landed record-breaking 54 Emmy Award nominations across its original titles this year. This makes Apple TV+ the third most Emmy-nominated network in just more than three years since its g

Artificial intelligence (AI) is changing the way the world works, for better or for worse. It makes sense that investors are looking to cash in on this opportunity, and AI stocks are dominating market conversations.

Netflix NFLX announced that Indian comedy drama Choona, starring actor Jimmy Shergill, will be released on Aug 3. Directed by Pushpendra Nath Mishra of Taj Mahal 1989 fame, the story revolves around six small-town average joes wit

U.S. online sales during Amazon.com's Prime Day shopping event rose 6.1% to $12.7 billion from last year, as inflation-hit Americans hunted for more bargains and discounts on the e-commerce platform, Adobe Analytics data on Thursday showed.

(RTTNews) - Amazon.com, Inc. (AMZN) announced Thursday that prime members purchased more than 375 million items worldwide during Prime Day 2023, making this year's event the biggest Prime Day event in Amazon's history. Prime members saved over $2.5 billion, more than any previous

The Nasdaq is where fortunes have long been made and lost and made again, and over the long run, the companies on that tech-heavy exchange have proven to be solid investments, especially for those who have bought and held such titans as Microsoft and Amazon, or index funds that f

Below is Validea's guru fundamental report for AMAZON.COM, INC. (AMZN). Of the 22 guru strategies we follow, AMZN rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhi

Whether you're a casual investor or trade professionally, chances are you've heard about the current boom in artificial intelligence (AI). After last year's economic downturn caused many tech stocks to fall out of favor, recent advances in AI have bolstered numerous companies acr

Consumer spending has softened over the past few months. And many companies that depend on consumer spending — particularly those in the apparel and accessories industry — are forecasting a continued softening in the consumer in the second half of 2023. Despite strong brand recognition, companies like Levi’s (LEVI) and Nike (NKE) are among the [...] Read more at ETFtrends.com.

With 2023 now more than half over, investors might be wondering where the next big market opportunities can be found. Companies including Apple, Microsoft, and Nvidia have all gone on to hit record valuation highs within the past month, and it looks like artificial intelligence (

Launched on 04/09/2020, the BNY Mellon US Large Cap Core Equity ETF (BKLC) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Blend segment of the US equity market.

Thousands of Hollywood film and television actors may go on strike from Thursday, joining writers who walked off the job 11 weeks ago. How would a walkout by the Screen Actors Guild and the American Federation of Television and Radio Artists (SAG-AFTRA) affect viewers' favorite shows and movies?

Amazon.com was hit with a complaint on Wednesday for allegedly refusing to bargain with a New York workers' union, a spokesperson for the National Labor Relations Board (NLRB) said.

Amazon.com was hit with a complaint on Wednesday over allegedly refusing to bargain with a New York workers union, a spokesperson for the National Labor Relations Board (NLRB) said.

Target (NYSE: TGT), the third-largest discount chain in the U.S. after Walmart and Costco, currently trades at $132 per share, around 51% below its level of $266 seen on November 16, 2021 (pre-inflation shock high), and has the potential for sizable gains. TGT saw its stock tra

Rather than spur a relief rally in China's battered tech sector, the past week's developments at Jack Ma-founded Ant Group have merely reminded global investors of the fickle nature of the country's regulatory policies and the fragility of the sector.

The NASDAQ 100 After Hours Indicator is up 8.27 to 15,315.5. The total After hours volume is currently 88,696,037 shares traded.The following are the most active stocks for the after hours session: Apple Inc. (AAPL) is -0.05 at $189.72, with 4,244,610 shares traded. As reported

Asure Software ASUR announced that it was selected for Amazon’s AMZN Amazon Web Services (“AWS”) Application Modernization Lab.Through this exclusive partnership, Asure Software is directly collaborating with AWS in developing a s