We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Chicago, IL – December 17, 2024 – Zacks.com announces the list of stocks and ETFs featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. ETFs recently featured in the blog include: Direxion Daily TSLA Bull 2X Shares (TSLL - Free Report) , Direxion Daily GOOGL Bull 2X Shares (GGLL - Free Report) , Direxion Daily AVGO Bull 2X Shares (AVL - Free Report) and Direxion Daily Consumer Discretionary Bull 3X Shares (WANT - Free Report) .
Here are highlights from Monday’s Analyst Blog:
4 Best-Leveraged ETFs of Last Week
Wall Street delivered mixed performance last week. The S&P 500 lost 0.6%, the Dow Jones retreated 1.8% and the Nasdaq added 0.3%. Last week saw the release of the all-important inflation reports.
Consumer inflation in the United States increased the most in seven months in November. The Consumer Price Index grew at an annual rate of 2.7%, up from 2.6% growth in October and in line with economists' expectations. Core prices were up 0.3% on a month-to-month basis, the biggest increase since April (read: 4 ETF Areas Hit One-Year High Amid In-Line November Inflation).
Wholesale prices increased 3% in November, the sharpest year-over-year rise since February 2023. Excluding volatile food and energy prices, so-called core producer prices rose 0.2% from October and 3.4% from November 2023.
Despite these reports, the market outlook for a 25-bp rate cut this week strengthened, with traders raising the odds to 96%, according to the CME Group’s FedWatch measure. The probability of a January reduction, however, fell to 18.5%, down from 19.8% one month ago.
Against this backdrop, below we highlight a few leveraged exchange-traded fund (ETF) that topped the performance chart last week.
Leveraged Tesla
Direxion Daily TSLA Bull 2X Shares – Up 39.7% Last Week
Teslastock added 9.6% last week as the stock hit an all-time high. CEO Elon Musk's perceived influence on the incoming Trump administration has bolstered investor confidence in Tesla's future prospects. Tesla shares have reflected the top performer of the Mag 7 group over the last three months, gaining about 80% during the period.
The company announced it sold 21,900 electric vehicles on the mainland during the first week of December—the highest weekly sales recorded in Q4. Tesla’s strong performance has prompted multiple analysts to increase their price targets, lately (read: Tesla Stock Hits All-Time High: ETFs to Ride the Momentum).
Leveraged Alphabet
Direxion Daily GOOGL Bull 2X Shares – Up 24.9%
Alphabet shares added 8.7% last week as the company unveiled its breakthrough quantum computing chip – Willow. Google claims its new chip takes five minutes to solve a problem that would currently take the world's fastest super computers ten septillion years to complete. However, the chip is apparently in an experimental stage.
Leveraged Broadcom
Direxion Daily AVGO Bull 2X Shares – Up 14.3%
Broadcom surged 24.4% on Friday — its best single-day performance ever — on the back of upbeat earnings results. The company reported a record fiscal year 2024 revenue of $51.6 billion, a 44% year-over-year increase, driven by a 220% surge in AI-related revenue to $12.2 billion and strong performances in the semiconductor and infrastructure software segments.
Broadcom announced an 11% increase in its quarterly dividend to $0.59 per share for fiscal 2025, marking the fourteenth consecutive annual dividend increase since 2011.
Leveraged Consumer Discretionary
Direxion Daily Consumer Discretionary Bull 3X Shares – Up 14.1%
In the fourth quarter of 2024, US consumer optimism touched its highest level since before the COVID-19 pandemic. Consumer optimism in the United States increased six percentage points, reaching 47% in the fourth quarter. Optimistic economic indicators, such as low unemployment rates, stable job growth, and rising wages—as well as a swift outcome in the US election—likely helped fuel this optimism.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
The Zacks Analyst Blog Highlights Direxion Daily TSLA Bull 2X Shares, Direxion Daily GOOGL Bull 2X Shares, Direxion Daily AVGO Bull 2X Shares and Direxion Daily Consumer Discretionary Bull 3X Shares
For Immediate Release
Chicago, IL – December 17, 2024 – Zacks.com announces the list of stocks and ETFs featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. ETFs recently featured in the blog include: Direxion Daily TSLA Bull 2X Shares (TSLL - Free Report) , Direxion Daily GOOGL Bull 2X Shares (GGLL - Free Report) , Direxion Daily AVGO Bull 2X Shares (AVL - Free Report) and Direxion Daily Consumer Discretionary Bull 3X Shares (WANT - Free Report) .
Here are highlights from Monday’s Analyst Blog:
4 Best-Leveraged ETFs of Last Week
Wall Street delivered mixed performance last week. The S&P 500 lost 0.6%, the Dow Jones retreated 1.8% and the Nasdaq added 0.3%. Last week saw the release of the all-important inflation reports.
Consumer inflation in the United States increased the most in seven months in November. The Consumer Price Index grew at an annual rate of 2.7%, up from 2.6% growth in October and in line with economists' expectations. Core prices were up 0.3% on a month-to-month basis, the biggest increase since April (read: 4 ETF Areas Hit One-Year High Amid In-Line November Inflation).
Wholesale prices increased 3% in November, the sharpest year-over-year rise since February 2023. Excluding volatile food and energy prices, so-called core producer prices rose 0.2% from October and 3.4% from November 2023.
Despite these reports, the market outlook for a 25-bp rate cut this week strengthened, with traders raising the odds to 96%, according to the CME Group’s FedWatch measure. The probability of a January reduction, however, fell to 18.5%, down from 19.8% one month ago.
Against this backdrop, below we highlight a few leveraged exchange-traded fund (ETF) that topped the performance chart last week.
Leveraged Tesla
Direxion Daily TSLA Bull 2X Shares – Up 39.7% Last Week
Teslastock added 9.6% last week as the stock hit an all-time high. CEO Elon Musk's perceived influence on the incoming Trump administration has bolstered investor confidence in Tesla's future prospects. Tesla shares have reflected the top performer of the Mag 7 group over the last three months, gaining about 80% during the period.
The company announced it sold 21,900 electric vehicles on the mainland during the first week of December—the highest weekly sales recorded in Q4. Tesla’s strong performance has prompted multiple analysts to increase their price targets, lately (read: Tesla Stock Hits All-Time High: ETFs to Ride the Momentum).
Leveraged Alphabet
Direxion Daily GOOGL Bull 2X Shares – Up 24.9%
Alphabet shares added 8.7% last week as the company unveiled its breakthrough quantum computing chip – Willow. Google claims its new chip takes five minutes to solve a problem that would currently take the world's fastest super computers ten septillion years to complete. However, the chip is apparently in an experimental stage.
Leveraged Broadcom
Direxion Daily AVGO Bull 2X Shares – Up 14.3%
Broadcom surged 24.4% on Friday — its best single-day performance ever — on the back of upbeat earnings results. The company reported a record fiscal year 2024 revenue of $51.6 billion, a 44% year-over-year increase, driven by a 220% surge in AI-related revenue to $12.2 billion and strong performances in the semiconductor and infrastructure software segments.
Broadcom announced an 11% increase in its quarterly dividend to $0.59 per share for fiscal 2025, marking the fourteenth consecutive annual dividend increase since 2011.
Leveraged Consumer Discretionary
Direxion Daily Consumer Discretionary Bull 3X Shares – Up 14.1%
In the fourth quarter of 2024, US consumer optimism touched its highest level since before the COVID-19 pandemic. Consumer optimism in the United States increased six percentage points, reaching 47% in the fourth quarter. Optimistic economic indicators, such as low unemployment rates, stable job growth, and rising wages—as well as a swift outcome in the US election—likely helped fuel this optimism.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
Get it free >>
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.