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.
Leveraged ETF Areas of Last Week That Are Up At least 15%
Read MoreHide Full Article
Wall Street delivered a subdued performance last week. The S&P 500 has advanced about 0.3%, the Dow Jones has lost about 0.3% and the Nasdaq 100 has gained 1%. The alphabet-led tech rally and the Fed rate cut hopes boosted the growth investing segment.
Below, we highlight a few key events of the last week.
Inside the Tech Rally
Tech giants just had an epic week, adding $420 billion in market cap to reach a combined $21 trillion valuation (as quoted on CNBC) despite NVIDIA’s dip. Alphabet surged about 11.6% last week, and Apple gained 3.1% after a U.S. court handed Google a limited antitrust penalty, and allowed it to maintain its search deal with Apple (read: Alphabet's Stock Jumps as Antitrust Fears Ease: ETFs in Focus).
Although Alphabet was slapped with a $3.45 billion EU fine last week, investors paid more attention to the U.S. win. Meanwhile, Broadcom soared on a new $10 billion customer, while Tesla rose on Elon Musk’s proposed pay package (per the above-mentioned CNBC article). The gains cemented Big Tech’s ruling position.
Downbeat Jobs Data
The U.S. economy added 22,000 jobs in August 2025, lower than an upwardly revised 79,000 in July and market forecasts of 75,000, as quoted on tradingeconomics. The data reinforces the softness in the labor market.
Jobs data for June were revised down by 27,000, and the change for July was revised up by 6,000. With these revisions, the previously reported employment data for June and July combined got cut by 21,000. The unemployment rate at 4.3% changed slightly in August, per the government data.
Job growth was mainly noticed in sectors such as health care (+31,000) and social assistance (+16,000). Job losses were also pronounced in wholesale trade (12,000) and manufacturing (12,000).
Fed Rate Cut Bet Strengthens
The Fed will likely cut interest rates in September after Chair Jerome Powell hinted at a reduction in his highly anticipated Jackson Hole speech. There are 89% chances (at the time of writing) of a 25-bp rate cut in September, per the CME FedWatch Tool, while 11% chances shifted to the 50-bp rate cut. A softer labor market has probably led the market in this pricing pattern.
Winning Leveraged ETFs in Focus
Against this backdrop, below we highlight a few winning leveraged exchange-traded funds (ETFs) of last week (data as per tradingview.com).
Direxion Daily Junior Gold Miners Index Bull 2X Shares (JNUG - Free Report) – Up 20.1%
Gold prices have been steady lately, thanks to a higher safe-haven demand. As mining stocks often act as leveraged plays of the underlying metal, these leveraged gold mining ETFs surged higher.
Leveraged SoundHound
Defiance Daily Target 2X Long SOUN ETF (SOUX - Free Report) – Up 25.1%
SoundHound AI Inc.(SOUN) stock gained about 12.3% lately. SoundHound has a strong presence inautomotive, enterprise, and restaurant/voice commerce verticals (quoted on investing.com).In early August, SoundHound AI reported a record second quarter, with all-time high $42.7 million revenues (per the company's press release). Revenues grew more than 200% year over year. The company raised its full-year outlook, too.
T-Rex 2X Long Alphabet Daily Target ETF (GOOX - Free Report) – Up 23.1%
Shares of Alphabet (GOOGL - Free Report) jumped about 11% last week, following a federal court ruling. According to CNBC, U.S. District Judge Amit Mehta overruled the harsh penalties proposed by the U.S. Department of Justice (DOJ) against Google, which would have forced the tech giant to divest Chrome. The company can make payments to companies to preload products, but it is barred from having exclusive contracts that condition payments or licensing.
Leveraged Broadcom
Leverage Shares 2X Long AVGO Daily ETF (AVGG - Free Report) – Up 19.1%
Defiance Daily Target 2X Long AVGO ETF (AVGX - Free Report) – Up 17.7%
Broadcom (AVGO - Free Report) shares surged more than 9% last week. The stock soared on a new $10 billion customer, revealed on its earnings call. Broadcom offered an upbeat guidance too.
Biotech companies often depend on equity and debt financing to raise funds. In a low-rate environment, the cost of capital falls, which is beneficial for the biotech companies. With the Fed rate cuts likely in September, biotech firms probably saw a surge.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Leveraged ETF Areas of Last Week That Are Up At least 15%
Wall Street delivered a subdued performance last week. The S&P 500 has advanced about 0.3%, the Dow Jones has lost about 0.3% and the Nasdaq 100 has gained 1%. The alphabet-led tech rally and the Fed rate cut hopes boosted the growth investing segment.
Below, we highlight a few key events of the last week.
Inside the Tech Rally
Tech giants just had an epic week, adding $420 billion in market cap to reach a combined $21 trillion valuation (as quoted on CNBC) despite NVIDIA’s dip. Alphabet surged about 11.6% last week, and Apple gained 3.1% after a U.S. court handed Google a limited antitrust penalty, and allowed it to maintain its search deal with Apple (read: Alphabet's Stock Jumps as Antitrust Fears Ease: ETFs in Focus).
Although Alphabet was slapped with a $3.45 billion EU fine last week, investors paid more attention to the U.S. win. Meanwhile, Broadcom soared on a new $10 billion customer, while Tesla rose on Elon Musk’s proposed pay package (per the above-mentioned CNBC article). The gains cemented Big Tech’s ruling position.
Downbeat Jobs Data
The U.S. economy added 22,000 jobs in August 2025, lower than an upwardly revised 79,000 in July and market forecasts of 75,000, as quoted on tradingeconomics. The data reinforces the softness in the labor market.
Jobs data for June were revised down by 27,000, and the change for July was revised up by 6,000. With these revisions, the previously reported employment data for June and July combined got cut by 21,000. The unemployment rate at 4.3% changed slightly in August, per the government data.
Job growth was mainly noticed in sectors such as health care (+31,000) and social assistance (+16,000). Job losses were also pronounced in wholesale trade (12,000) and manufacturing (12,000).
Fed Rate Cut Bet Strengthens
The Fed will likely cut interest rates in September after Chair Jerome Powell hinted at a reduction in his highly anticipated Jackson Hole speech. There are 89% chances (at the time of writing) of a 25-bp rate cut in September, per the CME FedWatch Tool, while 11% chances shifted to the 50-bp rate cut. A softer labor market has probably led the market in this pricing pattern.
Winning Leveraged ETFs in Focus
Against this backdrop, below we highlight a few winning leveraged exchange-traded funds (ETFs) of last week (data as per tradingview.com).
Leveraged Gold Miners
MicroSectors Gold Miners 3X Leveraged ETN (GDXU - Free Report) – Up 26.5%
Direxion Daily Junior Gold Miners Index Bull 2X Shares (JNUG - Free Report) – Up 20.1%
Gold prices have been steady lately, thanks to a higher safe-haven demand. As mining stocks often act as leveraged plays of the underlying metal, these leveraged gold mining ETFs surged higher.
Leveraged SoundHound
Defiance Daily Target 2X Long SOUN ETF (SOUX - Free Report) – Up 25.1%
SoundHound AI Inc.(SOUN) stock gained about 12.3% lately. SoundHound has a strong presence inautomotive, enterprise, and restaurant/voice commerce verticals (quoted on investing.com).In early August, SoundHound AI reported a record second quarter, with all-time high $42.7 million revenues (per the company's press release). Revenues grew more than 200% year over year. The company raised its full-year outlook, too.
Leveraged Alphabet
Direxion Daily GOOGL Bull 2X Shares (GGLL - Free Report) – Up 23.6%
T-Rex 2X Long Alphabet Daily Target ETF (GOOX - Free Report) – Up 23.1%
Shares of Alphabet (GOOGL - Free Report) jumped about 11% last week, following a federal court ruling. According to CNBC, U.S. District Judge Amit Mehta overruled the harsh penalties proposed by the U.S. Department of Justice (DOJ) against Google, which would have forced the tech giant to divest Chrome. The company can make payments to companies to preload products, but it is barred from having exclusive contracts that condition payments or licensing.
Leveraged Broadcom
Leverage Shares 2X Long AVGO Daily ETF (AVGG - Free Report) – Up 19.1%
Defiance Daily Target 2X Long AVGO ETF (AVGX - Free Report) – Up 17.7%
Broadcom (AVGO - Free Report) shares surged more than 9% last week. The stock soared on a new $10 billion customer, revealed on its earnings call. Broadcom offered an upbeat guidance too.
Leveraged Biotech
Direxion Daily S&P Biotech Bull 3x Shares (LABU - Free Report) – Up 17.7%
Biotech companies often depend on equity and debt financing to raise funds. In a low-rate environment, the cost of capital falls, which is beneficial for the biotech companies. With the Fed rate cuts likely in September, biotech firms probably saw a surge.