Direxion Daily BRKB Bull 2X ETF

BRKU

Market cap $40.3M

All publicly traded companies hold annual meetings, but none are as closely monitored as the yearly conclave held in Nebraska by Berkshire Hathaway (BRK.A BRK.B). That's likely to be the case with May 2 get together, because this will be the first annual meeting without Warren Buffett at the helm.

Under new CEO Greg Abel, Berkshire Hathaway (NYSE: BRK-B) is back in the buyback business. That indicates that opportunity may be afoot for tactical traders with the Direxion Daily BRKB Bull 2X Shares (BRKU).

Warren E. Buffett announced plans to step down as CEO of Berkshire Hathaway Inc. (BRK.A, BRK.B) at the end of the year, with Greg Abel set to take the helm as the conglomerate's next leader, according to a letter released Nov 10. Buffett, 95, said he will remain chairman while Abel, 63, assumes CEO responsibilities.

While the much-covered bull market may appear to be losing steam, one steady voice has helped investors navigate the turmoil of price discovery: Warren Buffett. Known as the Oracle of Omaha, Buffett has been at the helm of Berkshire Hathaway Inc (NYSE:BRK) (NYSE:BRK) for several decades, translating to a magnitude of experience that's practically unprecedented.

A peek into Berkshire Hathaway's top holdings reveals that Warren Buffett certainly has a liking for Apple's stock, comprising just over a quarter of its portfolio. It's easy to see why.

With market uncertainty abound in today's macroeconomic and geopolitical climate, Warren Buffett and Berkshire Hathaway haven't been immune to the volatility. Still, Berkshire is up over 10% for the year with Morningstar bulls and bears weighing in on what's ahead.

Palantir and Berkshire Hathaway continue to confound investors with eye-popping returns in their  respective ways. Short-term traders now have the ability play the market fluctuations in these names with single-stock ETFs.

Direxion said on Wednesday that it has launched new leveraged and inverse exchange-traded funds tied to two stocks, Palantir Technologies and Warren Buffett's Berkshire Hathaway that offer traders a chance to get twice the daily upside movement of each stock or capture the inverse of a daily decline.

BRKU, BRKD, PLTU and PLTD Join Existing Suite of 22 Single Stock Leveraged and Inverse ETFs NEW YORK , Dec. 11, 2024 /PRNewswire/ -- Direxion, a leading provider of tradeable ETFs, today announced bringing two additional pairs of Single Stock Leveraged and Inverse ETFs to market. The four new funds allow active traders to obtain magnified, or inverse, exposure to the daily performance of the common stock of Berkshire Hathaway Inc., or Palantir Technologies Inc., through either the Direxion Daily BRKB Bull 2X Shares (Ticker: BRKU) and Direxion Daily BRKB Bear 1X Shares (Ticker: BRKD) , or the Direxion Daily PLTR Bull 2X Shares (Ticker: PLTU) and Direxion Daily PLTR Bear 1X Shares (Ticker: PLTD).

On Wednesday, Direxion expanded its fund lineup. They introduced two new pairs of single-stock Leveraged & Inverse ETFs.