QQQQ Shares Up and a Banner Day for IGV
A little over a month ago, I recommended shares of iShares Goldman Sachs Software Index (AMEX: IGV) for purchase. Today, IGV closed at 43.78 which represents a 14.6% gain over the 38.19 price when I made my recommendation. Much of today's gain can be attributed to Oracle (Nasdaq: ORCL) which is up by 11% today. As I mentioned before, Oracle is a component of IGV. Thus far, a 14.6% gain in a little over five weeks is quite impressive.
My other recommendation Nasdaq-100 Tracking Stock (Nasdaq: QQQQ) is up as well. Today it closed at 40.43, which is a respectable gain of 4.2% in just over a month. I originally recommended this ETF when it was trading at 38.79. Indeed, the stock market is up today overall. Oracle is a component of both QQQQ and IGV. Since QQQQ is more diversified, a rise one component has a lesser effect on QQQQ, but has a bigger effect on IGV. That said, you can expect less volatility with the broader QQQQ index.
Lastly, I wanted to give another shameless plug for PFStock, a new blog about personal finance and stock investing. I think you will enjoy it.
My other recommendation Nasdaq-100 Tracking Stock (Nasdaq: QQQQ) is up as well. Today it closed at 40.43, which is a respectable gain of 4.2% in just over a month. I originally recommended this ETF when it was trading at 38.79. Indeed, the stock market is up today overall. Oracle is a component of both QQQQ and IGV. Since QQQQ is more diversified, a rise one component has a lesser effect on QQQQ, but has a bigger effect on IGV. That said, you can expect less volatility with the broader QQQQ index.
Lastly, I wanted to give another shameless plug for PFStock, a new blog about personal finance and stock investing. I think you will enjoy it.
posted by D2 at
4:50 PM
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