|Bid||0.00 x 1000|
|Ask||0.00 x 1000|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||114.61%|
|Beta (3Y Monthly)||4.40|
|Expense Ratio (net)||0.99%|
Chip stocks are the big winners on the U.S.-China trade truce. In particular, AMD, Skyworks, Nvidia, Micron, Broadcom, are all in the green. Yahoo Finance's Jared Blikre breaks it down with Seana Smith.
The U.S.-China trade deal plays a profound role in the performance of the semiconductor sector given their exposure to China. "Due to their considerable exposure to the Chinese market and a heavily intertwined supply chain in Asia, semiconductor stocks have seen collateral damage as the US-China trade spat has escalated," said a Direxion Investments "Xchange" post. "To make matters worse, semiconductors are effectively everywhere today from computers to smartphones to televisions," the post added.
In a speech before the United Nations (UN) Tuesday, President Trump reignited trade fears with some aggressive comments aimed at China. Enter the Direxion Daily Semiconductor Bull 3X Shares (NYSE: SOXL) and the Direxion Daily Semiconductor Bear 3X Shares (NYSE: SOXS), two leveraged that can thrive on the back of trade headlines to due the elevated tariff sensitivity of chip stocks.
The U.S. Commerce Department is receiving license requests for granting sales to Huawei. In such a scenario, we look at a few chip ETFs which will benefit from a nod in favor.
When it comes to traders looking leveraged exchange-traded fund (ETF) opportunities, the semiconductor sector is one in which China will have a profound impact. "It is really important to look at where China is in the overall value chain," said Jimmy Goodrich, vice-president of global policy at the Semiconductor Industry Association, a US trade group representing some of the biggest names in the industry from Intel to Broadcom. It is really important to look at where China is in the overall value chain," he added.
The technology sector once again finds itself at the center of US/China trade tensions. The PHLX Semiconductor Sector Index (XSOX) is lower by nearly 11% over the past week, including a 4.32% decline on Monday. The World Semiconductor Trade Statistics group recently forecast a 12% decline in chip sales, which only be partially offset by a 5% increase next year.
The semiconductor industry industry is in play after chipmaker AMD reported its second-quarter earnings results on Thursday. While the company was able to be on par with analyst estimates for earnings per share and beat revenue expectations, revenue was actually down 13 percent compared to the same quarter last year. For the bears, this could put the Direxion Daily Semiconductor Bear 3X ETF (SOXS) in play.
We have highlighted five leveraged/inverse products that have gained in double digits in the past month though these involve a great deal of risk when compared to traditional products.
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.
Trump adds more Chinese tech entities to the Entity List. This puts spotlight on major U.S. chip suppliers to these entities and the impact on the ETFs holding them.
Semiconductor stocks and the related exchange-traded funds have been front and center amid the US/China trade controversy. Month-to-date, chip stocks are rebounding with the PHLX Semiconductor Sector Index up 6.7% through June 12, though that trails the Nasdaq-100 Index by 50 basis points. The still-modest recovery in semiconductor stocks is proving to be enough to lure aggressive traders to the Direxion Daily Semiconductor Bull 3X Shares (NYSE: SOXL).