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Thursday's ETF with Unusual Volume: DGRW

3 years 3 months ago
The WisdomTree U.S. Quality Dividend Growth Fund ETF is seeing unusually high volume in afternoon trading Thursday, with over 1.4 million shares traded versus three month average volume of about 481,000. Shares of DGRW were up about 0.2% on the day. Components of that ETF wit

Invesco QQQ Trust ETF: Technical Indicators Signal a Strong Buy

3 years 3 months ago
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

2 Stocks to Invest in Virtual Reality

3 years 3 months ago
Virtual reality (VR) is by no means a new technology, showing up in various devices over the last three decades. However, technological advances have only recently made it possible for companies to deliver the VR experience that was promised many years ago. As a result, the marke

Stock Market News for Jul 13, 2023

3 years 3 months ago
U.S. stocks ended sharply higher on Wednesday, with the Nasdaq and S&P 500 closing at their highest levels in more than a year, as fresh data showed that inflation slowed further in June to its smallest annual increase since e

NVIDIA Drives Performance Gap Between AI Funds

3 years 3 months ago
A new era of artificial intelligence began with the release of ChatGPT. While it and similar tools have left many pondering the impact of AI in their everyday lives, investors have been keen on profiting from this craze.   But with the renewed furor over AI receding in the wake of other pressing news, some [...] Read more at ETFtrends.com.

Guru Fundamental Report for NVDA

3 years 3 months ago
Below is Validea's guru fundamental report for NVIDIA CORP (NVDA). Of the 22 guru strategies we follow, NVDA rates highest using our Quantitative Momentum Investor model based on the published strategy of Wesley Gray. This momentum model looks for stocks with strong and consiste
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