ETF Trends
ETF Trends

PowerShares QQQ (NasdaqGM: QQQ), one of the most actively traded exchange traded funds (ETFs), continued its roll Wednesday despite a mixed bag of stock holdings including Cisco (NasdaqGS: CSCO), Broadcom (NasdaqGS: BRCM) and Amazon (NasdaqGS: AMZN).

The $25 billion ETF tracks the Nasdaq-100, an index of the 100 largest non-financial stocks listed on the Nasdaq.

Broadcom shares dropped more than 12% after the semiconductor firm was out with a second-quarter revenue outlook that disappointed investors. [Broadcom, Cisco Weigh on Nasdaq ETF.]

Cisco shares fell nearly 2% Wednesday after Bank of America reportedly cut its price target on the stock.

Conversely, Amazon rallied almost 8% as investors cheered quarterly results and executives soothed fears over profit margins. [Amazon Rally Powers Internet Sector ETFs.]

Another Nasdaq-100 component, eBay (NasdaqGS: EBAY), saw its shares rise in after-hours trading Wednesday after the company reported higher quarterly earnings.

The opinions and forecasts expressed herein are solely those of John Spence, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.