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Cannabis leveraged ETFs surged last week on optimism over potential U.S. marijuana reclassification.
Space & defense-linked leveraged ETFs gained on contracts and IPO-driven sector buzz.
Inverse natural gas ETFs jumped as mild weather and strong supply pressured prices.
Wall Street was upbeat last week. The S&P 500 lost 0.6%, the Dow Jones advanced 1.1% and the Nasdaq retreated about 1.6% last week. The tech stocks were beaten down, taking a toll on the Nasdaq-100 as well as the S&P 500. Roundhill Magnificent Seven ETF (MAGS - Free Report) lost 1.7% last week, while State Street Technology Select Sector SPDR ETF (XLK - Free Report) was off 2.5%.
Inside the Tech Sell-off
Oracle's (ORCL - Free Report) shares plummeted 14% last week as revenues missed expectations, dragging down related AI names like NVIDIA and Micron. Broadcom (AVGO - Free Report) fell about 11% despite strong earnings and guidance, intensifying concerns over high capital spending and delayed AI revenue payoffs (read: ETFs to Watch as Oracle Dips Despite Beating on Q2 Earnings).
Fed Rate Cut
The Fed enacted its final rate cut of the year last week. The move brings the benchmark federal funds rate to a range of 3.5% to 3.75% after a closely divided vote among policymakers.The Fed will now conclude the year facing a softer labor market and inflation still about one percentage point above its 2% target.
After three rate cuts in 2025 totaling three-quarters of a percentage point, the Fed’s outlook for 2026 looks more restrained. Policymakers continue to project just one rate cut next year, consistent with their September forecast (read: 'A Hawkish Cut' From Fed? ETFs to Gain).
Against this backdrop, below we highlight a few winning leveraged exchange-traded funds (ETFs) of last week.
Cannabis stocks surged significantly on Dec. 12, 2025, thanks to reports of President Trump's plans to ease federal marijuana regulations by reclassifying it to Schedule III from Schedule I. This news sparked gains across major players, boosting investor optimism despite no final policy confirmation.Amplify Seymour Cannabis ETF (CNBS - Free Report) rallied on Dec. 1 by more than 54% to log its best day on record, as mentioned in CNBC.
Defiance Daily Target 2X Long RKLB ETF (RKLX - Free Report) – Up 53.0%
Rocket Lab Corp (RKLB - Free Report) surged 22.8% last week. The stock is benefiting from the uptick in investors’ attention in the overall space economy.There has been a report about a potential $1.5 trillion SpaceX IPO for 2026 (per Bloomberg, as quoted on Yahoo Finance). SpaceX news acted as a cornerstone for the entire space economy and boosted Rocket Lab shares, too. Rocket Lab’s successful move into the next-gen Neutron rocket and securing new funding from the Canadian Space Agencywere the other positives.
ProShares UltraShort Bloomberg Natural Gas (KOLD - Free Report) – Up 52.7%
U.S. natural gas futures fell to a six-week low (per Tradingeconomics), as milder weather and near-record output weighed on prices. Warmer forecasts through Dec. 26 are expected to soften heating demand, while Lower 48 production has risen to 109.7 bcfd in December, pushing storage about 3% above seasonal norms. Although last week saw an unusually large 177 bcf draw due to short-spelled extreme cold, strong supply and ample inventories continue to pressure prices, per Tradingeconomics.
Voyager (VOYG - Free Report) stock jumped 10.6% last week. The company focuses on space and defense technology. The company has been benefiting from expanding military partnerships. Last week, the company won a $21 million contract from a U.S. Air Force research arm for AI-enabled ISR systems. This boosted weekly performance by around 10%.
Defiance Daily Target 2X Long CVNA ETF (CVNX - Free Report) – Up 27.4%
The leading e-commerce platform for buying and selling used cars — Carvana Co.’s (CVNA - Free Report) — stock added about 5.4% last week. The stock surged earlier last week on news of joining the S&P 500 index effective Dec. 22, 2025. Carvana’s scalable business model, disciplined cost controls, and sizable market opportunity continue to attract investor interest.
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5 Best-Performing Leveraged ETFs of Last Week
Key Takeaways
Wall Street was upbeat last week. The S&P 500 lost 0.6%, the Dow Jones advanced 1.1% and the Nasdaq retreated about 1.6% last week. The tech stocks were beaten down, taking a toll on the Nasdaq-100 as well as the S&P 500. Roundhill Magnificent Seven ETF (MAGS - Free Report) lost 1.7% last week, while State Street Technology Select Sector SPDR ETF (XLK - Free Report) was off 2.5%.
Inside the Tech Sell-off
Oracle's (ORCL - Free Report) shares plummeted 14% last week as revenues missed expectations, dragging down related AI names like NVIDIA and Micron. Broadcom (AVGO - Free Report) fell about 11% despite strong earnings and guidance, intensifying concerns over high capital spending and delayed AI revenue payoffs (read: ETFs to Watch as Oracle Dips Despite Beating on Q2 Earnings).
Fed Rate Cut
The Fed enacted its final rate cut of the year last week. The move brings the benchmark federal funds rate to a range of 3.5% to 3.75% after a closely divided vote among policymakers.The Fed will now conclude the year facing a softer labor market and inflation still about one percentage point above its 2% target.
After three rate cuts in 2025 totaling three-quarters of a percentage point, the Fed’s outlook for 2026 looks more restrained. Policymakers continue to project just one rate cut next year, consistent with their September forecast (read: 'A Hawkish Cut' From Fed? ETFs to Gain).
Against this backdrop, below we highlight a few winning leveraged exchange-traded funds (ETFs) of last week.
ETFs in Focus
AdvisorShares MSOS Daily Leveraged ETF (MSOX - Free Report) – Up 94.1%
Cannabis stocks surged significantly on Dec. 12, 2025, thanks to reports of President Trump's plans to ease federal marijuana regulations by reclassifying it to Schedule III from Schedule I. This news sparked gains across major players, boosting investor optimism despite no final policy confirmation.Amplify Seymour Cannabis ETF (CNBS - Free Report) rallied on Dec. 1 by more than 54% to log its best day on record, as mentioned in CNBC.
Defiance Daily Target 2X Long RKLB ETF (RKLX - Free Report) – Up 53.0%
Rocket Lab Corp (RKLB - Free Report) surged 22.8% last week. The stock is benefiting from the uptick in investors’ attention in the overall space economy.There has been a report about a potential $1.5 trillion SpaceX IPO for 2026 (per Bloomberg, as quoted on Yahoo Finance). SpaceX news acted as a cornerstone for the entire space economy and boosted Rocket Lab shares, too. Rocket Lab’s successful move into the next-gen Neutron rocket and securing new funding from the Canadian Space Agencywere the other positives.
ProShares UltraShort Bloomberg Natural Gas (KOLD - Free Report) – Up 52.7%
U.S. natural gas futures fell to a six-week low (per Tradingeconomics), as milder weather and near-record output weighed on prices. Warmer forecasts through Dec. 26 are expected to soften heating demand, while Lower 48 production has risen to 109.7 bcfd in December, pushing storage about 3% above seasonal norms. Although last week saw an unusually large 177 bcf draw due to short-spelled extreme cold, strong supply and ample inventories continue to pressure prices, per Tradingeconomics.
Tradr 2X Long VOYG Daily ETF VOYX – Up 33.0%
Voyager (VOYG - Free Report) stock jumped 10.6% last week. The company focuses on space and defense technology. The company has been benefiting from expanding military partnerships. Last week, the company won a $21 million contract from a U.S. Air Force research arm for AI-enabled ISR systems. This boosted weekly performance by around 10%.
Defiance Daily Target 2X Long CVNA ETF (CVNX - Free Report) – Up 27.4%
The leading e-commerce platform for buying and selling used cars — Carvana Co.’s (CVNA - Free Report) — stock added about 5.4% last week. The stock surged earlier last week on news of joining the S&P 500 index effective Dec. 22, 2025. Carvana’s scalable business model, disciplined cost controls, and sizable market opportunity continue to attract investor interest.