Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN)
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5 Best-Performing Leveraged ETFs of Q1
The U.S. stock market saw wild swings, while international markets experienced a smooth ride in the first quarter.
DFEN Is A Buy Due To Global Factors
DFEN is a triple leveraged ETF tracking the Dow Jones US Select Aerospace and Defense index, aiming for 300% daily movement of its benchmark. We are bullish on GE Aerospace, Raytheon, and Lockheed Martin due to their strong government contracts, innovation, and strategic investments. Leveraged ETFs like DFEN should be held short-term to mitigate volatility and loss recoupment issues, especially around positive catalysts like earnings announcements.
3X-Leveraged ETFs: Amplify Returns With These 3 Top Picks
Leveraged exchange-traded funds (ETFs) substantially increase the potential reward of an investment by affording investors the chance to generate double or triple the returns of the underlying securities within a portfolio. Of course, with higher reward potential comes increased risk as well.
Rising Airfare Costs Could Set This ETF in Flight
Rising airfare costs won't do any favors for travelers in the off-season, but it can certainly help set the Direxion Daily Aerospace & Defense Bull 3X Shares ETF (DFEN) on a flight path to more gains.
Call for Increased NATO Spending Could Boost This Defense ETF
An incoming presidential administration opens the door for policy discussions on spending, which includes defense. Ahead of his inauguration later this month, president-elect Donald Trump is already calling on NATO to open its wallets for this type of spending.
DFEN: Too Risky Right Now
DFEN aims to deliver 3x the daily performance of the Dow Jones U.S. Select Aerospace & Defense Index. It provides exposure to the commercial aerospace and national defense markets, each driven by the distinct factors of air travel demand and government defense budgets, respectively. DFEN's performance is highly influenced by volatility due to its daily leverage reset, which can amplify both gains and losses significantly.
Top Performing Leveraged/Inverse ETFs: 07/28/2024
These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.
Best Inverse/Leveraged ETFs of Last Week
Wall Street offered a mixed performance last week.
