Stocks were flat this morning as investors processed pivotal corporate earnings reports from major companies. Tech shares were weighed down by Netflix (NFLX), which bled 26% in premarket trading after the company reported a loss of 200,000 subscribers in the first quarter. Tesla (TSLA) and United Airlines (UAL) are slated to report after the bell today.
As the impact of severe influencing factors on tech reveal themselves through first-quarter reports, bearish investors may want to go near-term short on the Nasdaq- 100 Index. Today we’ll highlight the method that many of the pros on Wall Street use for doing just that. However, you don’t need to be a professional to employ this tactic.
“Project X” – Elon’s next big move
Elon Musk is testing the key to an $809 billion market revolution, and I’m not talking about electric car batteries. Dozens of industries, worth billions and trillions of dollars, will be transformed by this technology, and they can’t do it without this ONE company’s patented device…[Full Story…]
The ProShares Short QQQ (PSQ) fund offers inverse exposure to an index comprised of the 100 largest nonfinancial securities on the NASDAQ, making it a potentially attractive option for investors looking to bet against this sector of the U.S. economy.
It’s important to note that PSQ is designed to deliver inverse results over a single trading session, with exposure resetting every month. Investors considering this ETF should understand how that nuance impacts the risk/return profile and realize the potential for “return erosion” in volatile markets. PSQ should definitely not be found in a long-term, buy-and-hold portfolio but may be a useful tool for more active investors looking to either hedge existing exposure or bet on a decline in the top nonfinancial NASDAQ securities.
ProShares Short QQQ (PSQ) Data Summary
- Net Assets 478.22M
- Expense Ratio 0.95%
- Average Daily Volume $60.72M
Where to invest $1,000 right now...
Before you consider buying PSQ, you'll want to see this.
Investing legend, Keith Kohl just revealed his #1 stock for 2022...
And it's not PSQ.
Jeff Bezos, Peter Thiel, and the Rockefellers are betting a colossal nine figures on this tiny company that trades publicly for $5.
Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.
Find that to be extraordinary?
But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.
Cuban – “Banks Should be Scared”
Urgent Alert: The Next Bitcoins -undiscovered cryptos that, collectively, could create greater wealth for investors than Bitcoin ever has and probably ever will.[Click here for the full story…]