Should You Invest in the Invesco NASDAQ Internet ETF (PNQI)?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 03 2024
0mins
Should l Buy AMZN?
Source: NASDAQ.COM
Invesco NASDAQ Internet ETF Overview: The Invesco NASDAQ Internet ETF (PNQI) is a passively managed fund that aims to track the performance of the NASDAQ Internet Index, focusing on large U.S.-listed internet companies. It has over $799 million in assets and an expense ratio of 0.60%, making it competitive within its sector.
Performance and Holdings: Year-to-date, PNQI has increased by approximately 19.60% and 39.75% over the past year, with major holdings including Apple, Meta, and Amazon. The ETF is classified as high risk due to its beta of 1.15 and standard deviation of 29.73%, but it offers strong diversification with around 80 holdings.
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Analyst Views on AMZN
Wall Street analysts forecast AMZN stock price to rise
47 Analyst Rating
46 Buy
1 Hold
0 Sell
Strong Buy
Current: 199.600
Low
250.00
Averages
294.69
High
340.00
Current: 199.600
Low
250.00
Averages
294.69
High
340.00
About AMZN
Amazon.com, Inc. provides a range of products and services to customers. The products offered through its stores include merchandise and content it has purchased for resale and products offered by third-party sellers. The Company’s segments include North America, International and Amazon Web Services (AWS). It serves consumers through its online and physical stores and focuses on selection, price, and convenience. Customers access its offerings through its websites, mobile apps, Alexa, devices, streaming, and physically visiting its stores. It also manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo, Ring, Blink, and eero, and develops and produces media content. It serves developers and enterprises of all sizes, including start-ups, government agencies, and academic institutions, through AWS, which offers a set of on-demand technology services, including compute, storage, database, analytics, and machine learning, and other services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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See More
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- Strong Cloud Growth: Despite stock price pressures, Amazon Web Services (AWS) reported a 24% revenue increase in the fourth quarter, the fastest growth in 13 quarters, indicating strong demand for AI tools and services.
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See More
