Investors Pile Into QQQ Ahead Of Apple Earnings (AAPL)

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November 1, 2017 10:53am NASDAQ:QQQ

NASDAQ:QQQ | News, Ratings, and Charts

Analyst/ETF Trader Paul Weisbruch of Street One Financial brings us his daily fund flows update, which today looks at major inflows into the largest tech-focused ETF, along with rising interest in Japanese equities.


Ahead of AAPL’s earnings tomorrow after the bell, we have seen substantial inflows (over $3 billion in) into QQQ (PowerShares QQQ), where the top individual weighting is of course AAPL (12.2%). AAPL stock itself has posted an impressive winning streak in the past several sessions, with a parabolic move higher from the mid $150s to present levels (closed at $169.04 yesterday) at an all-time high before earnings.

We will find out imminently after the bell tomorrow if expectations for AAPL are perhaps too bullish based on the recent oneway action in the stock.

Elsewhere, we have seen some inflows into Japan via EWJ (iShares MSCI Japan) with more than $330 million entering the fund lately on a momentous move higher in the underlying market (the Nikkei hit another 52-week high yesterday).

The PowerShares QQQ ETF (QQQ) was trading at $152.32 per share on Wednesday morning, up $0.17 (+0.11%). Year-to-date, QQQ has gained 29.18%, versus a 16.51% rise in the benchmark S&P 500 index during the same period.

QQQ currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #1 of 36 ETFs in the Large Cap Growth ETFs category.


Disclaimer: The content of this article is excerpted from a daily newsletter from Street One Financial. While ETF Daily News may edit the contents and add a relevant title to the piece, the author, Paul Weisbruch, does not endorse or recommend any issuer or security mentioned herein.

About the Author: Paul Weisbruch

paul-weisbruchPaul Weisbruch is the VP of ETF/Options Sales and Trading at Street One Financial. Prior to joining the team at Street One, Paul served as the Director of RIA and Institutional ETF Sales at RevenueShares ETFs from December 2007 until November of 2009. Before RevenueShares, Paul was employed by Susquehanna International Group from 2000 until 2007 serving in roles including OTC/NYSE Institutional Block Trading, Nasdaq/OTC Market Making, ETF/Derivatives Intelligence and Strategy, Algorithmic Trading, as well as acting as the PHLX Floor Specialist in the ETFs, SPY and DIA.Paul has been actively involved in the ETF space from both a product and trading standpoint since 2000. Additionally, Paul has well forged relationships with national RIAs, institutional pension fund managers and consultants, mutual fund and hedge fund managers, and also the ETF media. Co-authoring the “S1F ETF Daily” since 2009, the daily piece has become a must for many portfolio managers in the ETF space, with segments regularly appearing in the likes of Barron’s, WSJ, and ETFTrends.com for instance.

He holds his Series 4 (Registered Options Principal), 6, 7, 55 (Equity Trader), 63, and 65 licenses. He graduated from the University of Pittsburgh (B.S. – Economics), graduating magna cum laude, and has an MBA from Villanova University.


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