|Bid||79.77 x 1100|
|Ask||79.82 x 1400|
|Day's Range||78.10 - 80.25|
|52 Week Range||36.73 - 82.50|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||3.04|
|Expense Ratio (net)||1.00%|
The Financial Select Sector SPDR (XLF) , the largest financial services ETF, and rival funds are under pressure, but that could also mean the S&P 500's third-largest sector is worth a look for tactical traders. Market observers have previously warned that Wall Street banks could face pressure as tepid market volatility could have contributed to more muted trading desk activity. Furthermore, the Federal Reserve has signaled its intentions to cut interest rates, which would further hurt the banking industry’s ability to generate profits from lending.
In response, the Financial Select Sector SPDR (NYSE: XLF), the largest ETF dedicated to the sector, finished August lower by about 5%. It's possible that the time to consider the Direxion Daily Financial Bull 3X Shares (NYSE: FAS) or the Direxion Daily Financial Bear 3X Shares (NYSE: FAZ) is drawing near.
Swing trading doesn't have to be limited to stocks. Exchange traded funds (ETFs) also provide opportunities as we recently saw in the financial sector.
As big banks continue to report their second-quarter earnings this week, some are already expressing concern with respect to the possibility of rate cuts by the Federal Reserve through 2019. In particular, profits could shrink as a result of lower interest rates, which could put the Direxion Daily Financial Bear 3X ETF (FAZ) in play. FAZ seeks daily investment results that equate to 300% of the inverse (or opposite) of the daily performance of the Russell 1000® Financial Services Index.
Citigroup (NYSE: C ) got the party started on Monday while JPMorgan Chase (NYSE: JPM ), Goldman Sachs (NYSE: GS ) and others in the financial space, continued the earnings parade yesterday. In other words, ...
The Wall Street logged in the strongest performance in more than a decade for the first half of the year. We have highlighted nine leveraged equity ETFs that piled up more than 60% returns in the first half.
The Federal Reserve gave banks the green light to offer more payouts to investors after 18 of the largest financial firms passed the second round of stress tests designed to assess the health of the financial system. For financial sector bulls, this could boost the Direxion Daily Financial Bull 3X ETF (FAS) . FAS seeks daily investment results worth 300 percent of the daily performance of the Russell 1000 Financial Services Index.
Below is a look at ETFs that currently offer attractive buying opportunities. The ETFs included in this list are rated as buy candidates for two reasons. First, each of these funds is deemed to be in an uptrend based on the fact that its 50-day moving average is above its 200-day moving average, which are popular indicators for gauging long-term and medium-term trends, respectively. Second, each of these ETFs is also trading below its five-day moving average, thereby offering a near-term 'buy on the dip' opportunity, given the longer-term uptrend at hand. Note that this prospects list also features a liquidity screen by excluding ETFs with average trading volumes below the one million shares mark. As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques. To get access to all ETFdb.com premium content, sign up for a free 14-day trial to ETFdb.com Pro.
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 ...