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Published: April 13, 2021
This content is for informational purposes only. This should not be construed as solicitation. The general public should consult their financial advisor for additional information related to investment decisions.
The Invesco QQQ Trust moves to a new all-time high.

With Tuesday’s (4/13) trading action, the Invesco QQQ Trust QQQ rallied to a new all-time high at $340, breaking a double top and returning the chart to a buy signal. Along with the Q’s, there were a few stocks that bettered or match their all-time highs. NVIDIA NVDA, Starbucks SBUX, and Monster Energy MNST were each able to make new all-time highs during Tuesday’s action, while Keurig Dr. Pepper KDP was able to match and Microsoft MSFT better its all-time high from the previous day.

With only a few stocks moving to new highs in tandem with the Q’s, we wanted to look to see what stocks were contributing to the rally within the Nasdaq 100 and the Q’s the most. Looking at Bloomberg data since the beginning of the second quarter, and we see some familiar names are leading the charge. In the table below we have the top 20 stocks that have contributed to the performance of the QQQ since the beginning of Q2. Microsoft MSFT, Apple AAPL, and Amazon AMZN have been the top contributors to the performance of the ETF. Furthermore, 14 out of the 20 are high attribute names (above 3), while five of the 20 are low attribute names (2 or below). In many cases, the low attribute names contributing to performance are stocks that are rebounding or are stocks that have trended positively but have lagged on a relative basis.


 

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DISCLOSURE

This report is for Internal Use Only and not for distribution to the public. While we make every effort to be free of errors in this report, it contains data obtained from other sources. We believe these sources to be reliable, but we cannot guarantee their accuracy. Investors who use options should read the Options Disclosure Document before making any particular investment decision. Officers or employees of this firm may now or in the future have a position in the stocks mentioned in this report. Dorsey, Wright is a Registered Investment Advisor with the U.S. Securities & Exchange Commission. Copies of Form ADV Part II are available upon request.
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