|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||67.55 - 70.26|
|52 Week Range||36.73 - 78.35|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||3.20|
|Expense Ratio (net)||1.00%|
Financial sector exchange-traded funds (ETFs) reacted to the mixed earnings results of Goldman Sachs and Citigroup, which reported first-quarter earnings on Monday. The Financial Select Sector SPDR Fund (XLF) was little changed, falling 0.52 percent while for traders, the Direxion Daily Financial Bull 3X ETF (FAS) was down 1.47 percent on the added leverage as of 11:15 a.m. ET. Goldman Sachs reported that revenue fell 13 percent to $8.81 billion, which came below analyst's $8.9 billion estimate.
The group is bouncing back to start 2019, meaning the imminent earnings avalanche could test or lift financial services stocks and exchange-traded funds (ETFs). The bullish FAS attempts to deliver triple the daily returns of the Russell 1000 Financial Services Index while the bearish FAZ seeks daily returns that are triple the inverse performance of that index.
The Direxion Daily Financial Bull 3X ETF (NYSEArca: FAS) and Direxion Daily Financial Bear 3X ETF (NYSEArca: FAZ) are options to play the financial sector, depending on where the trader’s bias lies. FAS ...
The U.S. bull market will turn 10 with more room to run. The S&P 500 Index has quadrupled, rallying more than 300%, from the bear-market bottom hit on Mar 9, 2009.
Will the 2019 Market Rally Continue?(Continued from Prior Part)Direxion Are the financials finally in favor? Going into 2018, a lot of “experts” said that banks would be the primary beneficiaries in a rising rate environment, but that simply was
Will the 2019 Market Rally Continue?DirexionCan the rally be sustained?After a strong first half of 2018, the market cooled off along with the weather in August, and we had one of the worst fourth quarters in recent memory. However, after the worst
The Direxion Daily Financial Bull 3X ETF (NYSEArca: FAS) gained 5.62 percent on Wednesday as banks like Goldman Sachs and Bank of America reported positive earnings in what’s been a sold start to 2019 ...
After stumbling nearly 1% last Friday, the Financial Select Sector SPDR (NYSEArca: XLF) , the largest exchange traded fund dedicated to the financial services sector, is just over 20% below its 52-week high, many think the fund is in a bear market. The same is true for an array of financial services stocks and ETFs, which is good news for the Direxion Daily Financial Bear 3X Shares (FAZ) . FAZ attempts to deliver three times the daily inverse performance of the Russell 1000 Financial Services Index.
Financial stocks are often spotlighted as major beneficiaries of rate increases, but this is a misconception. Gradual rate hikes over long periods are, in fact, good for banks. Because while rising rates mean banks can charge more for loans, they have an adverse effect on the price of fixed-income securities like bonds, which make up the bulk of banks’ assets.
The United States’ economy has been firing on all cylinders for a while now, which has led to very strong gains for its major stock indices. While the major indices have been hovering around all-time highs, leading indicators—including semiconductors, financials, and homebuilders—have been showing some weakness, to say the least. The Daily Semiconductor Bull 3X Shares (SOXL), Daily Financial Bull 3X Shares (FAS), and Daily Homebuilders & Supplies Bull 3X Shares (NAIL) have quickly turned from market darlings to market duds, and the pain may only be getting started.
Third-quarter earnings season kicks off in earnest this week and that means an imminent avalanche of earnings reports from the financial services sector. When it comes to leveraged ETFs and the financial services, the kings are the Direxion Daily Financial Bull 3X Shares (NYSE: FAS) and the Direxion Daily Financial Bear 3X Shares (NYSE: FAZ). The bullish FAS looks to deliver triple the daily returns of the Russell 1000 Financial Services Index while the bearish FAZ attempts to mirror triple the daily inverse returns of that benchmark.
With October here, third-quarter earnings season is right around the corner. That could bring opportunities with leveraged exchange traded funds, which are ideally suite for aggressive traders looking ...
The financial services sector has had its shares of struggles this year, vexing investors even as interest rates rise and members of the sector report strong earnings. FAS seeks to deliver three time the daily performance of the Russell 1000 Financial Services Index. FAS has a bearish counterpart, the Direxion Daily Financial Bear 3X Shares (FAZ) .
Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action after JPMorgan and Citigroup both beat Wall Street estimates on profits.
Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves after a Goldman Sachs note explains why stocks may fare better after earnings beats as second quarter results are announced.
Yahoo Finance's Seana Smith and Jared Blikre break down the latest market action after Bank of America Merrill Lynch issues a warning in their weekly Flow Show report that the markets are eerily similar to the prelude to the Asian/LTCM crisis of 1998. Also money keeps pouring into tech stocks.
Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves as investors gear up for second quarter 2018 earnings.
Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves after Bank of America Merrill Lynch released their weekly Flow Show report.
Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action as 11 speeches by Federal Reserve officials are on deck, as are the minutes from the prior FOMC meeting. On Thursday and Friday, the Dallas Federal Reserve hosts the "Technology-Enabled Disruption: Implications for Business, Labor Markets and Monetary Policy" event, in which no blockchain or cryptocurrency talks are scheduled. Monday: Bostic 12:15 pm Harker 2:05 pm Kashkari 5:30 pm Wednesday: FOMC Minutes 2:00 pm Kashkari 2:15 pm Thursday: Dudley 3:00 am Bostic 10:35 am Harker 2:00 pm Friday: Powell 9:20 am Kaplan 11:45 am Bostic 11:45 am Evans 11:45 am