Porsche CEO aims to finalise new cost-cutting package by July, FAS reports
Porsche CEO Michael Leiters expects a swift conclusion to negotiations on a second cost-cutting package at the German sports car maker, according to an interview with Frankfurter Allgemeine Sonntagszeitung published on Saturday.
Financial Services Stocks Are Vexing Investors
In theory, the financial services sector, the second-largest sector exposure in the S&P 500, should be a decent performer this year. The reality is something else, as the largest pure beta ETF addressing the sector is down 4.6% year-to-date as of June 8.
It Might Be Time to Bank on These Bank ETFs
Another earnings season means traders will be treated to a slew of updates from the financial services sector. In fact, some of have already arrived, suggesting that bank ETFs may be worth a look.
Trade Bank Earnings Beats or Misses With FAS and FAZ
Q1 earnings reports have come in from four prominent names in the financial sector—Goldman Sachs, JP Morgan Chase, Wells Fargo, and Citigroup.
Earn 8% and (Potentially) 3x the S&P's Return This Year, but There Is a Catch
When financial stocks rally, a 3x leveraged ETF can deliver outsized gains. When they stumble, losses compound just as fast.
Weekly Option Windfall: Financial ETF Offers 29% Return Potential in 1 Month
The call option spread strategy is an excellent way to take advantage of the bullish move in this ETF.
FAS Can Amplify Returns On The Financials Sector
FAS delivers 3x daily returns of the financial sector, making it suitable only for short-term, tactical trading—not long-term holding. Compounding and daily resets can lead to significant value decay or amplified gains, depending on market direction and holding period. Current financial sector momentum is positive, but inflation and delayed rate cuts pose near-term risks for leveraged strategies like FAS.
Direxion Daily Financial Bull 3X: Not For Building Long-Term Investment Portfolios
Leveraged ETFs, like the Direxion Daily Financial Bull 3X ETF, are designed for day trading, not long-term investing, due to their daily reset mechanism. Holding leveraged ETFs beyond a single day can result in losses, even if the underlying index remains flat, due to the compounding effects of leverage. Leveraged ETFs are suitable for traders looking to hedge short-term positions or speculate on market movements, not for building long-term investment portfolios.
5 Best Leveraged ETFs of 2024
We highlight a bunch of the best-performing leveraged equity ETFs of 2024.
Top 3 ETFs for Bullish Investors Post-Election
In the period following the U.S. presidential election of 2024, financial markets are preparing for a second Trump administration and, with it, the potential for a host of new financial policies, regulations, and other decisions likely to impact the economy. It remains early to predict the exact nature of these changes, but the market has generally moved upward since the date of the election, with the S&P 500 climbing about 3.2% since that day.
FAS: A Leveraged Bet On Large Capitalization US Financials
The Direxion Daily Financial Bull 3X Shares ETF tracks a concentrated index of US financials exhibiting a large capitalization tilt. FAS's top ten holdings trade at a forward P/E of 20.96 and have an upside potential of 5.64% over the next twelve months. I expect the underlying index to deliver a mid-single-digit return going forward, potentially resulting in a low double-digit gain for FAS investors after 300% leverage.
