|Bid||0.00 x 800|
|Ask||0.00 x 1300|
|Day's Range||34.00 - 34.53|
|52 Week Range||33.25 - 55.72|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||-2.04|
|Expense Ratio (net)||0.95%|
The Invesco QQQ (QQQ) , which tracks the tech-heavy Nasdaq-100 Index, is off nearly 11% in the fourth quarter and erosion in the FANG trade is a major reason why QQQ is struggling. Investors have been spooked by copious amounts of volatility after a decade-long bull run that has seen the growth fueled by FANG stocks dwindle as the technology sector fell into correction territory. “The current bull market has provided strong returns over an extended period, but it has been the small group of FANG stocks that has captivated investors, achieving great notoriety in the last decade,” said Invesco in a recent note.
As the equity market continues to pullback and more or less erase gains for the year, concerned investors can take on some exposure to bearish or inverse ETFs to hedge against further falls. For example, the ProShares Short S&P500 (SH) takes a simple inverse or -100% daily performance of the S&P 500 index. Alternatively, for the more aggressive trader, leveraged options include the ProShares UltraShort S&P500 ETF (SDS) , which tries to reflect the -2x or -200% daily performance of the S&P 500, the Direxion Daily S&P 500 Bear 3x Shares (SPXS) , which takes the -3x or -300% daily performance of the S&P 500, and ProShares UltraPro Short S&P 500 ETF (SPXU) , which also takes the -300% daily performance of the S&P 500.
This stock market is flailing around like a fish out of water, with whipsaws increasing every week, cautions Mike Larson, editor of Safe Money Report.
The Invesco QQQ (NasdaqGM: QQQ), which tracks the tech-heavy Nasdaq-100 Index, is showing some signs of resilience after faltering during the recent sell-off in momentum stocks. Stocks such as Apple (NASDAQ: ...
Historically, the Dow Jones Industrial Average returned an average 0.6% over October, which has made it the seventh-best month of the year. The S&P 500 typically added 0.9% over October, which is also good enough for seventh place, with the same ratio of positive October months to negative ones as the Dow. Meanwhile, the Nasdaq Composite Index's October was historically the eighth-best month of the year, going back 46 years.
Equity investors who are wary of any further swings can look to alternative ETF strategies to limit the potential risks. According to data from "Stock Trader's Almanac," the month of September has been the worst performing month of the year for the Dow Jones Industrial Average and the S&P 500 since 1950, the worst for the Nasdaq since 1971, and the most difficult for the Russell 1000 and Russell 2000 since 1979, CNBC reports.
Morgan Stanley's chief U.S. equity strategist Michael Wilson warned the equity market is heading toward a destructive phase, CNBC reports. "The Nasdaq could correct by 15 percent plus, the S&P 500 probably goes down about 10 [percent]," Wilson told CNBC.
ProShares, a premier provider of ETFs, announced today forward and reverse share splits on 20 of its ETFs. The splits will not change the total value of a shareholder's investment.
Seasoned professional traders typically understand the investment theory behind 'Sell in May and Go Away,' but it is not always that cut and dry. The procedure is to sell in May and buy stocks back in October, or at least after the summer swoon, and avoid the typical summer losses. In fact, we have seen solid summer market rallies in the recent past, since the credit crisis, and this has made the old adage lose credibility.
Technology stocks have been among the best performers in bull market rally, but have recently experienced wild swings that have shaken many investors. If volatile in this market segment continues, traders ...