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5 Best Leveraged ETFs of Last Week

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Wall Street was in a moderate position last week.Inflation data was robust, but the benchmark U.S. treasury yield dropped to 1.47% on Jun 11, 2021 from 1.57% recorded on Jun 7, 2021. This helped equities, especially the growth ones, to surge.  The S&P 500, the Dow Jones and the Nasdaq Composite added about 0.4%, 0.3% and 1.9% last week.  

Against this backdrop, below we highlight a few leveraged ETF areas that won last week.


Biogen Inc. (BIIB - Free Report) was a star performer in Monday’s trading session, as the stock rallied as much as 64% to a record high causing a brief halt. The stock was up 38% at the close, touching its highest level in over six years and adding more than $16 billion in its market value last week. The massive gain for the biotech firm was followed by the approval of the much-awaited drug to treat Alzheimer's disease in nearly 20 years by the FDA. The move has benefited the biotech and pharma ETFs (read: Biotech ETFs Surge on Biogen's Alzheimer Drug Approval).

S&P Biotech Bull 3X Direxion(LABU - Free Report) – Up 21.7%

Pharmaceutical & Medical Bull 3X Direxion(PILL - Free Report) – Up 14.5%

Ultra Nasdaq Biotech Proshares(BIB - Free Report) – Up 11.85%

Cloud Computing          

Cloud computing and storage have given a boost to video conferencing, gaming, e-commerce shopping, remote project collaboration, online classes, editing, etc. In the wake of the pandemic, cloud technology adoption has seen robust growth in sectors where the work-from-home initiatives helped sustain business functions. Globally, end-user spending on public cloud services is forecast to grow 18.4% in 2021 to a total of $304.9 billion, according to Gartner (read: ETF Areas Thriving During Coronavirus Pandemic).

Direxion Daily Cloud Computing Bull 2X Shares (CLDL - Free Report) – Up 10.6%

Simplify Volt Cloud and Cybersecurity Disruption (VCLO - Free Report) – Up 9.6%

Proshares Ultra Nasdaq Cloud Computing ETF (SKYU - Free Report) – Up 9.3%


Tech stocks, mainly the Internet ones, have been in fine fettle. Earnings growth potential for the same has also been upbeat for the space.

DJ Internet Bull 3X Direxion (WEBL - Free Report) – Up 8.7%


Mexico president Obrador is losing popularity, per a article. Export income is also rising with higher oil prices. “The U.S. pandemic recovery helps poorer Mexicans through remittances, which run about 4% of gross domestic product, and richer ones who cross the border for Covid-19 vaccinations. Real inoculation rates are probably higher than the official figure of 11%,” the article noted.

MSCI Mexico Bull 3X Direxion (MEXX - Free Report) – Up 7.8%


The segment is probably benefiting from the back-to-school season. According to Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment, U.S. retail sales are expected to increase 5.5% excluding automotive and gas during the back-to-school period compared to 2020. Compared to 2019, sales are expected to jump 6.7%.

Retail Bull 3X Direxion (RETL - Free Report) – Up 7.6%

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