QQQN News and Press, VictoryShares Nasdaq Next 50 ETF From 08/21/23

2023-08-21 06:30:00 ET Summary Services now represent 26% of Apple’s total revenue and is probably the reason the P/E multiple is expanding on the stock. The 10-year Treasury yield hovers very close to a multi-year breakout above 4.33-4.35%. The mega-caps and the tech s...

2023-08-16 01:39:00 ET Summary Q2 was a resilient quarter on the earnings front (again) which saw both a beat rate and an earnings surprise rate reaching a multi-quarter high. The ‘Magnificent-7’ saw Q2 earnings of $67.1 billion (+38.5% y/y, +11.4 q/q). All thing...

2023-08-15 03:25:00 ET Summary The LERI shows Q2 2023 ended with the highest level of corporate uncertainty in the last year. Retail in the spotlight this week: HD, TGT, TJX, WMT, ROST. Upcoming potential surprise: Salesforce (CRM). This week 1,1190 companies will release ...

2023-08-15 02:10:00 ET Summary As the year began much of the talk was centered around whether the U.S. economy would fall into recession in 2023. The year is only two-thirds done, but a recession does not seem likely this year, and our firm has been in the no recession camp since ...

2023-08-14 22:35:00 ET Summary While we have not made new highs on the 10-year Treasury yield for 2023, closing on Friday at 4.167%, we are too close for comfort on the bond yield front. Unlike 2022, the stock market – and the tech sector in particular – had been ign...

2023-08-14 19:45:00 ET Summary The S&P 500 (Index: SPX) experienced an uneventful week, with little new information to prompt a compelling swing in any direction. What news there was led to the index dipping to 4464.05, a week-over-week decline of 0.3%. That's well within ...

2023-08-14 16:49:00 ET Summary The October ’22 highs for the 10-year Treasury yield were 4.22% – 4.25% those are closing highs. The S&P 500 earnings yield increased to 5.19% versus last week's 5.15%. Growth stocks look to have a wet blanket thrown on top of t...

2023-08-08 22:20:00 ET Summary Important to the Fed: Tighter lending standards, sticky US wage growth, and moderating job growth, may weigh on a September Fed rate decision. Some negatives: US credit downgrade, more signs of global manufacturing weakness, and a Bank of England rat...

2023-08-07 15:23:00 ET Summary The S&P 500 went on to close the week at 4,478.03, down 2.3% from where it ended the previous week. Looking further forward, we'll be coming up on another prolonged period where the echo effect will affect the dividend futures-based model's proje...

2023-08-07 04:04:00 ET Summary The forward 4-quarter estimate rose $0.40 this past week to $230.84 from last week’s $230.44. For the first time this quarter, the quarterly, bottom-up, S&P 500 EPS estimate for Q2 ’23 ended the week at $53.26, higher than the June ...