Bullish For Nvidia, AMD? This Fund Offers 3X Leverage And It May Be About To Dip
Portfolio Pulse from Melanie Schaffer
The Direxion Daily Semiconductor Bull 3X Shares (SOXL) ETF, which includes stocks from Nvidia and AMD, experienced a spike before trading mostly flat. The semiconductor sector is in a bull cycle, with Nvidia and AMD benefiting. SOXL is a triple-leveraged fund, with AMD making up 7.03% and Nvidia 8.81%. The S&P 500 may be indicating a bearish reversal, which could provide a solid entry for bullish traders with SOXL's 3X leverage. Direxion's leveraged funds are designed for short-term traders.
July 14, 2023 | 4:52 pm
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POSITIVE IMPACT
AMD is part of the SOXL ETF and is benefiting from the current bull cycle in the semiconductor sector.
AMD is part of the SOXL ETF and is benefiting from the current bull cycle in the semiconductor sector. This could potentially increase the stock's value in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Nvidia is part of the SOXL ETF and is benefiting from the current bull cycle in the semiconductor sector.
Nvidia is part of the SOXL ETF and is benefiting from the current bull cycle in the semiconductor sector. This could potentially increase the stock's value in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
SOXL ETF, which includes stocks from Nvidia and AMD, experienced a spike before trading mostly flat. The ETF offers 3X leverage for short-term traders.
The SOXL ETF, which includes stocks from Nvidia and AMD, experienced a spike before trading mostly flat. The ETF offers 3X leverage for short-term traders, which could potentially increase its value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Bearish traders on the semiconductor sector can track the Direxion Daily Semiconductor Bear 3X Shares (SOXS).
The article mentions SOXS as an option for bearish traders on the semiconductor sector. However, it does not provide any specific information that would impact the stock's value.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50