Why Trade Direxion’s Daily Homebuilders & Supplies Bull 3X ETF?

While interest rates have been on a ride as of late, they have settled down recently. Mortgage rates may likely follow suit, improving housing affordability, and with it, building sentiment. Couple this with a shortage of inventory and plenty of pent-up demand means prospective home buyers could be out in force.

If you think homebuilders will go through the roof, the Direxion Daily Homebuilders & Supplies Bull 3X ETF (Ticker: NAIL), seeks daily investment results (before fees and expenses) of 300% of the performance of the Dow Jones U.S. Select Home Construction Index.

Latest Leveraged & Inverse ETF Insights

Biotech Revival or Just Another Shot in the Arm?

LABD LABU

Nov 21, 2024 | 5 min read

Now that life-changing drugs are coming down the pipeline, along with a more favorable interest rate environment, can the Biotech sector finally make a comeback?

Tesla Post-Earnings Surge – More to Come or Cover for Bears?

TSLL TSLS

Nov 06, 2024 | 5 min read

Tesla reported its third-quarter earnings results – it started overwhelmingly positive, but has since seen some pullback. Could this market the beginning of a new bull run in the electrical automaker?

Trading China’s Stimulus – Surge Swings

YANG YINN

Nov 05, 2024 | 4 min read

Traders interested in big intraday moves in today’s market have to look no further than Chinese equities. China stocks exploded higher about a month ago.

Will Nvidia Earnings Be the Breakout Catalyst for the Chip Stock?

NVDD NVDU

Nov 04, 2024 | 5 min read

Nvidia is at the top of its recent range, threatening to break out to new split-adjusted highs.