Direxion Breakfast Commodities Strategy ETF (BRKY)
- Previous Close
21.49 - Open
21.26 - Bid --
- Ask --
- Day's Range
21.26 - 21.27 - 52 Week Range
20.44 - 22.41 - Volume
450 - Avg. Volume
0 - Net Assets 5.33M
- NAV 21.21
- PE Ratio (TTM) --
- Yield --
- YTD Daily Total Return -4.11%
- Beta (5Y Monthly) 0.00
- Expense Ratio (net) 0.80%
The index is provided by S&P Dow Jones Indices LLC and measures the performance of tradeable commodities considered to be breakfast foods (corn, coffee, lean hogs, sugar, Chicago wheat and orange juice) (“breakfast commodities”) by utilizing monthly futures contracts for such commodities. Although the Advisor intends to fully replicate the index, at times the fund may hold a representative sample of the instruments in the index that have aggregate characteristics similar to those of the index. It is non-diversified.
Direxion Funds
Fund Family
Commodities Focused
Fund Category
5.33M
Net Assets
2022-06-01
Inception Date
Performance Overview: BRKY
Trailing returns as of 5/2/2023. Category is Commodities Focused.
Holdings: BRKY
Top 1 Holdings (88.60% of Total Assets)
Related ETF News
Research Reports: BRKY
Analyst Report: Danaher Corp.
Danaher is a diversified life sciences and diagnostics company with global operations. In March 2020, it acquired the GE Biopharma business and renamed it Cytiva. Danaher has continued to make acquisitions, including Aldevron in 2021, that strengthen its technology and manufacturing capabilities.
RatingPrice TargetDaily Spotlight: Margins Coming Down from Peak
During earnings season, analysts focus not just on earnings growth, but also on the quality of the earnings that companies report they are generating. There are three drivers to EPS growth: higher sales, wider margins, and a lower number of shares outstanding. The reduction in shares outstanding, which is caused by corporate share buybacks, is the lowest-quality driver of EPS growth. Higher sales -- as customers demand and pay for more products and services -- is the highest quality. Margin management is in the middle. Consistently wider margins are often a sign of good management teams, with leaders who are able to grow revenues faster than they are growing costs. That's particularly difficult in periods of high inflation (which raises the cost of goods sold) and times of rising interest rates (which result in higher financing costs). But there's a cap to margins and they don't rise indefinitely. Last year, operating margins for S&P 500 companies averaged 13.3%. That's a 15-year high and compares to the long-term average of 9.2%. It is a fair bet that margins will be under pressure in coming quarters due to inflation and high interest rates. Investors will have to rely on revenue growth and share buybacks to drive EPS growth during this period.
Analyst Report: Fastenal Co.
Fastenal Co. sells industrial and construction supplies, including fasteners, at approximately 1,750 stores and 1,500 Onsite locations, as well as through vending machines at customer locations and through e-commerce channels. Most of the company's customers are in the manufacturing and nonresidential construction markets. The shares are a component of the S&P 500.
RatingPrice TargetAnalyst Report: Fastenal Company
Fastenal opened its first fastener store in 1967 in Winona, Minnesota. Since then, Fastenal has greatly expanded its footprint as well as its products and services. Today, Fastenal serves its 400,000 active customers through approximately 1,760 branches, over 1,400 on-site locations, and 14 distribution centers. Since 1993, the company has added other product categories, but fasteners remain its largest category at about 30%-35% of sales. Fastenal also offers customers supply-chain solutions, such as vending and vendor-managed inventory.
RatingPrice Target