Direxion Daily NYSE FANG+ Bull 2X Shares

FNGG

Market cap $110M

FNGG offers 2x leveraged exposure to top tech names like AVGO, NFLX, and NVDA, all showing strong innovation and growth catalysts. We are bullish on the underlying NYSE FANG+ Index, given the leadership and continued innovation in AI, big tech, and media sectors. Leveraged ETFs like FNGG amplify both gains and losses, making them suitable only for short-term tactical trades, not long-term holds.

The Direxion Daily NYSE FANG+ Bull 2X Shares ETF (FNGG) offers 2x daily leverage on a basket of equities, but is only suitable for sophisticated investors due to high risk. Key risks include volatility, compounding losses, liquidity issues, and concentration in similar stocks, making it unsuitable for long-term holding. FNGG employs equity index swaps to achieve leverage, which can amplify both gains and losses, necessitating active monitoring and management.

With breadth looking poor, we are going where the strength is. The post Why We Targeted Magnificent Seven Stocks As Market Breadth Weakened appeared first on Investor's Business Daily.

Editor's note: Any and all references to time frames longer than one trading day are for purposes of market context only, and not recommendations of any holding time frame. Daily rebalancing ETFs are not meant to be held unmonitored for long periods.

These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Apple's stock has been soaring the past year with a gain of over 30%, but some analysts might be unleashing the bears on its stock in 2024. With that, traders can take advantage of single-stock ETFs to capitalize on any short-term weakness Apple's stock may exhibit.