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Top 4 Leveraged ETF Areas of Last Week

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Wall Street was upbeat last week with the S&P 500, the Dow Jones, the Nasdaq Composite and the Russell 2000 adding 0.6%, 0.7%, 0.5% and 0.8%, respectively. Small-cap stocks are on a tear amid post-pandemic recovery (read: Small Caps Enjoy Longest Run Since 1995: 5 ETF Winners).

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

Energy

Several energy stocks gained last week on two-year high oil prices. COVID-19 cases have declined in the United States. More than half the U.S. population has received at least one dose of COVID-19 vaccination, according to data posted by the Centers for Disease Control and Prevention, as quoted on CNBC. Higher oil prices are beneficial for oil companies (read: ETFs to Gain as Oil Rallies on Upbeat Demand Outlook).

Oil market watchers expect a recovery in oil consumption on the back of growing vaccination and economic reopening. With supplies remaining controlled and demand improving, oil prices could continue rallying.  

Microsectors U.S. Big Oil Index 3X ETN (NRGU) – Up 21.8%

S&P Oil & Gas Expl Bull 3X Direxion (GUSH) – Up 16.99%

Natural Gas ETF FT (FCG) – Up 9.7%

Brazil

Strategists at Citi wrote in a client note that the general belief is recent revisions to growth and inflation in Brazil, and better fiscal numbers will outdo emerging “political stories," as quoted on Reuters. Such sentiments probably have boosted Brazil’s stocks.

Brazil Bull 3X Direxion BRZU – Up 18.6%

Ultra MSCI Brazil Proshares UBR – Up 18.56%      

Real Estate

The U.S. real estate market has been red-hot as a rising stock market and its consequent wealth effect have strengthened the spending power of the wealthy. This, in turn, has boosted the real estate values. Low inventories and higher demand have also boosted property prices. Cheap mortgage rate is another positive. Real estate stocks’ higher dividend yield is another attractive point. As of Jun 4, 2021, the benchmark treasury yield was 1.56% versus 1.62% noted on Jun 1, 2021. Such low rates helped the rate-sensitive real estate stocks gain last month.

Real Estate Bull 3X Direxion DRN – Up 10.3%

South Korea

South Korean shares recorded awesome weekly gains.  Foreign buying led to this euphoria. South Korea’s May exports are expected to have increased at their fastest pace in over three decades, partly due to strong global demand for the nation’s key foreign exchange earners such as semiconductors, cars and petroleum products.

South Korea Bull 3X Direxion KORU – Up 9.6%

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Direxion Daily MSCI Brazil Bull 2X Shares (BRZU): ETF Research Reports
 
Direxion Daily MSCI South Korea Bull 3x Shares (KORU): ETF Research Reports
 
Direxion Daily MSCI Real Estate Bull 3x Shares (DRN): ETF Research Reports
 
ProShares Ultra MSCI Brazil Capped (UBR): ETF Research Reports
 
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