Direxion Daily Utilities Bull 3X Shares ETF News

It's been risk-on the past few months as investor confidence returns, putting safety on the back burner. As such, growth names are back in vogue on the stock market while safe-haven sectors may langui

Utility sector has limited growth and high valuation. The utility sector stocks have done better than most sectors in 2022, but the future returns are likely limited.

The default play for traders in 2023 may be to simply bet on sectors that were hit the hardest in 2022 and hope for a dead cat bounce. However, in a market still full of unknowns, some precaution is n

Compared to the general market in 2022, the utilities sector has actually fared quite well, supporting the notion that the sector can hold up in a down market. One leveraged fund worth noting is the D

Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Stocks offered moderate gains last week, with the S&P 500 adding 2%, the Dow Jones advancing about 2.4% and the Nasdaq inching up just 0.7%.

Rising costs could adversely affect the utilities sector, which has experienced weakness for most of the year, but the Direxion Daily Utilities Bull 3X Shares (UTSL) is still up almost 30% within the

Wall Street was upbeat last week as rates slumped on speculation that the Fed may slower rate hike momentum from December.

Amid a volatile stock market, utilities were one of the go-to-market sectors that could provide some stability, but they've been slumping at the tail end of the third quarter. However, a similar play

Lower consumer sentiment is pushing the Direxion Daily Consumer Discretionary Bull 3X ETF (WANT) lower this year, but should the economy avoid a recession, it could get a short-term bump higher with t

The cost of rising utilities can offer investors an inflation hedge, but another catalyst is record-breaking heat in the Western region of the United States. It's helping to propel the Direxion Daily

Top Performing Levered/Inverse ETFs Last Week These were last week's top-performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Recession or no recession, demand for utilities will continue, making them a prime option in times of economic uncertainty such as now. Traders can also play the steadiness of the utilities sector wit

The S&P 500 Utilities index is up almost 4% year-to-date while the broader index is languishing at a 13.5% loss. Despite rising consumer prices, everybody needs utilities, giving traders an opportunit

It's been rough for the major stock market indexes, but one sector that's been seeing green for the past few months is utilities. That's been evident in the Direxion Daily Utilities Bull 3X Shares (UT