Will MSFT PULL THE QQQ DOWNWARD?

MSFT reports after the closing 🔔

Microsoft represents 11.72% of the assets within the QQQ. They will report after the bell. Below is Seeking Alphas last and this quarters expect earrings.

QQQ is made up of 47.73% Technology stocks which contributes to the QQQ high volatility. The BETA for the QQQ is 1.20. The definition of BETA according to Seeking Alpha is “Beta is a measure of the volatility of a security/portfolio compared to the market as a whole. The market has a beta of 1.0, and individual stocks are ranked according to how much they deviate from the market. 24M Beta is the Beta over the past 24-months.”.

Depending on what MSFT reports tonight, we could see the high volatility rating propel the QQQ higher or lower. Tesla reports tomorrow and could contribute to the volatility as we head into the end of the week.

NASDAQ futures where down, (.45%) as I was writing this.