|Bid||0.00 x 900|
|Ask||7.23 x 900|
|Day's Range||6.86 - 7.55|
|52 Week Range||5.90 - 47.55|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||4.03|
|Expense Ratio (net)||1.17%|
A surprise fall in U.S. crude stockpiles should've translated into strength for oil prices, but trade war fears continued to roil the markets. Oil fell as much as 1 percent on Thursday as investors continue to sit on their hands waiting for a U.S.-China trade deal. Brent crude oil futures and U.S. West Texas Intermediate (WTI) crude futures both fell 1 percent earlier in the day.
The hot exploration and production segment of the energy sector gets its first batch of earnings tests this week as just over 24 percent of the S&P Oil & Gas Exploration & Production Select Industry Index ...
Oil climbed on Monday following U.S. President Donald Trump ending waivers on companies wishing to purchase Iranian oil without facing stiff sanctions. The price of Brent crude went up by 2.77 percent ...
Global investment bank RBC Capital Markets is expecting more increases in oil prices, going as far as saying that crude could reach the $80 price level this summer. Overall, RBC Capital Markets is forecasting ...
Although markets were strong throughout much of 2018, horrendous performance in December ended up dragging U.S. stocks into the red overall for the year. Indeed, the S&P 500 ultimately lost 4.4% for the year, marking its most significant single-year loss since the financial crisis of 2008.
Oil prices crossed the $60 mark on Tuesday, providing the wind in the sails for the Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares (GUSH) , which rose over 7 percent. Concerns for weak demand of oil was offset by Organization of the Petroleum Exporting Countries (OPEC) supply cuts and experts expecting U.S. inventories to be lesser than expected.
The Energy Information Administration reported a decline in crude oil inventory of 3.9 million barrels for the week to March 8 as opposed to a build of 7.1 million barrels a week earlier, helping oil prices to move higher. For traders looking to capitalize on the move with extra leverage, the Direxion Daily S&P Oil & Gas Exploration & Production Bull 3X ETF (GUSH) gained 5.08 percent as of 3:30 p.m. ET. Oil prices faced downward pressure when U.S. President Donald Trump's tweeted earlier this year on high oil prices, taking aim at the Organization of the Petroleum Exporting Countries (OPEC).
The ISM Manufacturing Index, which measures U.S. manufacturing activity, reached its lowest level in over two years and expanded at a slower-than-expected pace during the month of February. "We have been the island of prosperity, globally, so if the economic slowdown is coming our way that is bad news for oil prices," said John Kilduff, a partner at Again Capital LLC in New York. Economists polled by Refinitiv expected the ISM Manufacturing index to fall to 55.5, but the final number came in at 54.2 for February versus 56.6 for January.
We have highlighted six leveraged ETFs that have piled up exceptional returns in the first month of 2019 given that Wall Street made a sharp turnaround, posting the best month in many decades.
We have highlighted nine ETFs that have piled up exceptional returns to start 2019 and will continue to be investors' darlings provided the sentiments remain the same.
The United States Oil Fund (NYSEArca: USO) , which tracks West Texas Intermediate crude oil futures, was pummeled in the fourth quarter. The benchmark oil exchange traded product slid 37.76% in the last ...
Oil production cuts in 2019 could give the Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares (NYSEArca: GUSH) a needed boost, especially after an oversupply has put downward pressure on oil prices ...
Amid the renewed optimism, many investors have turned bullish on the energy sector and are seeking to tap this opportunity. For them, a leveraged play on energy or oil could be an excellent idea.
There are still plenty of earnings reports for traders to digest. This week, more than 23% of the S&P 500 reports third-quarter results. For some sectors, the percentages are higher, including the energy ...
This week's avalanche of third-quarter earnings report is dominated by the financial services and healthcare sectors, among others. That is not stopping some traders from positioning in sectors with upcoming ...
Oil prices fell today, notching their first weekly loss since mid-August, allowing for opportunities for traders to use an inverse oil ETF play like the Direxion Daily S&P Oil & Gas Exploration & Production ...
As of 11:30 a.m. ET, the price of WTI crude is up 1.34% to $69.41 and Brent crude is up 0.97% to $73.92, but one analyst sees the price of oil reaching $90 by year's end, particularly when the United States is ready to follow through on heavy sanctions for Iranian crude buyers who do not trim their purchases to zero. Furthermore, the notion that China can simply purchase more oil to make up for the reduction in Iranian oil purchases was rebuffed. As the price of oil continues its upward momentum, oil and gas ETFs are benefitting from the rise, such as United States Oil (USO) , which is up 1.47% today and 25.40% for the year.
Exploration and production stocks and the corresponding ETFs have been leaders in this year’s energy resurgence as highlighted by a year-to-date gain of 16% for the S&P Oil & Gas Exploration & Production ...
As the price of oil continues its upward momentum, oil and gas ETFs are benefitting from the rise, but one in particular, the Direxion Dly S&P Oil&Gs Ex&Prd Bl 3X ETF (GUSH) , is benefitting three times over. Prices got a boost from the United States and European Union agreeing to terms to avert a trade war. “The market is very calm as it tries to assess the impact from the President Trump deal with the European Union to hold off on tariffs,” said Phil Flynn, an analyst at Price Futures Group in Chicago.
Many institutional traders use multi-faceted strategies that involve several different instruments when trading around an earnings report. Among the most common hedging tools used by institutions are leveraged ETFs, which are built to deliver multiples (or inverse multiples) on a given index. “They aren’t meant to be held for more than a few days at a time,” Sylvia Jablonski, managing director of leveraged ETF provider Direxion ETFs said.
Leveraging oil and gas investments the past year has proven to be a profitable strategy for Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares (GUSH) , which has been eponymously gushing returns for investors the past year--up 94.96% and 33.81% year-to-date--according to Yahoo! Finance performance figures. GUSH seeks daily investment results equal to 300% of the daily performance of the S&P Oil & Gas Exploration & Production Select Industry Index.
Since 1997, Direxion has been providing investment solutions with their innovative ETFs and 20 years later, they have $13.4 billion worth of assets under management. If you haven't already, check out the 5 ETFs below that are trending this week - and are worth keeping an eye on during the second half of 2018. Despite all the talk regarding trade wars with the United States and China, one sector that has been shrugging off the market noise is the biotechnology sector.
As markets surge and then sputter, the prospects of downside risk loom large in the short term. Yet advisors have to meet the challenge of steering through periods of market volatility, while continuing ...