Thursday is another big day for QQQ with 14 companies combining for almost 20% of the ETF’s weight reporting. Consider Thursday a Seattle slew for QQQ because Amazon (NasdaqGS: AMZN), Microsoft (NasdaqGS: MSFT) and Starbucks (NasdaqGS: SBUX) all report that day. Microsoft and Amazon combine for over 12% of QQQ’s with Microsoft being the ETF’s second-largest holding behind Apple.
Amazon is QQQ’s fifth-largest holding and the fund’s biggest consumer discretionary allocation. Microsoft entered Monday with a 7.7% year-to-date gain, making it one of the best performers in the Dow Jones Industrial Average. [Old Tech Roars Back]
Tom Lydon’s clients own shares of Apple, Amazon, Facebook, Microsoft and QQQ.