The buzz all week on Wall Street was about Big Tech earnings.
Last week marked the start of Q3 earnings season for the technology and communication services sectors. That means market participants will gain insight into key factors.
Wall Street jitters in the face of a hotly contested presidential election is the norm, not the exception. Nonetheless, investors should continue to follow the bull market course.
Investments into generative AI firms made this year by large tech companies and VCs will likely eclipse records. The bulk of the companies on the receiving end of that capital are not yet publicly traded.
There's a clear choice among the most popular index ETFs.
Third-quarter earnings season is in its early innings and thus far, results from the financial services sector have been solid. Soon, technology, the largest sector weight in the S&P 500, will deliver widely awaited results for the September quarter to investors.
The Nasdaq-100 Trust ETF (QQQ) has a growth rate that is still quite impressive and higher than more than 80% of actively managed mutual funds with large-cap core mandates. But most strategists believe it is grossly overvalued and near the top of its cycle. ValuEngine classifies 61.6% of QQQ's holdings as being in the technology sector. However, concentration is far from the only risk. Stocks currently in QQQ will eventually leave the portfolio to be replaced by new leaders. For investors trying to identify these future leaders, Nasdaq and Invesco have teamed up to create two index-based ETFs: QQQJ and QQQS.
Ken Griffin's Citadel just added to its position in the Invesco QQQ Trust ETF.
During the final week of October, some beloved mega-cap growth stocks step into the earnings confessional. Those reports could provide valuable insight into highly monitored trends such as AI and internet advertising spending.
The billionaire hedge fund manager can't seem to get enough of these ETFs.
Invesco QQQ Trust ETF offers strong tech-focused returns, driven by AI adoption and Mag 7 stocks, with a low expense ratio and significant outperformance potential. The ETF tracks the Nasdaq 100 Index, delivering an average annual return of 18.27% over the last decade. An investment in QQQ has widely outperformed an S&P 500 investment. AI-driven productivity gains are key to QQQ's future growth, with companies like Nvidia seeing surging demand for AI accelerators.
Yes, investors can invest in AI without taking on significant risks.