|Bid||34.98 x 900|
|Ask||35.00 x 1000|
|Day's Range||34.69 - 36.20|
|52 Week Range||32.38 - 171.80|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-74.38%|
|Beta (3Y Monthly)||-4.31|
|Expense Ratio (net)||1.08%|
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.
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.
With escalation in trade war between the world's largest economies, the semiconductor sector has been the worst hit given its significant exposure to China.
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.
Semiconductor sector exchange traded funds popped after President Donald Trump said he could reverse the ban on telecom giant Huawei and renewed talks with China, but traders are now taking a harder look ...
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).
We have highlighted five leveraged inverse ETFs that gained more than 40% in May though these involve a great deal of risk when compared to traditional products.
NEW YORK , May 24, 2019 /PRNewswire/ -- Direxion has announced it will execute a reverse split of the issued and outstanding shares of the Direxion Daily Mid Cap Bear 3X Shares, Direxion Daily Small Cap ...
Semiconductors have taken a 12 percent hit thus far in May after leading the rebound following 2018's fourth-quarter sell-off debacle. According to TradingAnalysis.com founder Todd Gordon, the chips might be down, but it's an opportune time to buy the dip. “The semis have led us on the way down,” said Gordon.
If the U.S.-China trade wars taught investors anything last week, it’s the notion that it’s profitable to be a bear. Gains were had for inverse exchange-traded funds (ETFs) of the leveraged variety. China ...
After reaching a peak last week, Wall Street tumbles with the resurfacing of President Donald Trump's tariff threat. Investors seeking to capitalize the bearish market sentiments in a short span could consider any of the following inverse ETFs.
Betting against semiconductor stocks and the related exchange traded funds (ETFs) has been a fool's errand this year. Up about 35% year-to-date, the widely followed PHLX Semiconductor Sector Index proves as much. If investors start taking profits in the group, that could open the door for traders to capitalize on semiconductor downside with the Direxion Daily Semiconductor Bear 3X ETF (SOXS) .
Semiconductor stocks and related exchange-traded funds (ETFs) are among the star performers in the first quarter. The widely followed PHLX Semiconductor Index is higher by 22.11 percent and chip stocks ...
It could be a bleak outlook for semiconductors as chipmaker Nvidia is forecasting a weaker revenue guidance, which could benefit the Direxion Daily Semiconductor Bear 3X ETF (SOXS) . Nvidia fell over 14 percent on Monday after it cut its fourth quarter revenue guidance to $2.2 billion from $2.7 billion. “Deteriorating macroeconomic conditions, particularly in China, impacted consumer demand for NVIDIA gaming GPUs,” the chipmaker said in a statement.
Semiconductors are riding high on a positive spate of earnings reports, but Intel's miss on revenue and a weak guidance following the close of Thursday's session could prop up the Direxion Daily Semiconductor Bear 3X ETF (SOXS) . Conversely, this could spell bad news for the Direxion Daily Semiconductor Bull 3X ETF (SOXL), which soared 17 percent. Intel shares fell as much as 8 percent after the chipmaker reported lower-than-expected revenue for the fiscal fourth quarter.
Earnings season for the semiconductor industry does not start earnest until next week when over 34 percent of the members in the PHLX Semiconductor Sector Index (XSOX) report results. Ahead of that earnings ...