5 Best-Performing Leveraged ETFs of July
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 01 2024
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Source: NASDAQ.COM
Market Sentiment Shift: In July, investors shifted their focus from technology stocks to smaller companies and cyclical sectors, leading to a strong performance in the Dow Jones Industrial Average while the tech-heavy Nasdaq Composite Index saw a decline. This change is attributed to expectations of Fed interest rate cuts benefiting companies with higher borrowing costs.
Leveraged ETFs Performance: Several leveraged ETFs, such as Direxion Daily Homebuilders & Supplies Bull 3X Shares and Direxion Daily Regional Banks Bull 3X Shares, showed significant gains in July, appealing to investors seeking high returns in a short timeframe despite their inherent volatility and suitability for short-term trading.
Analyst Views on NAIL
Wall Street analysts forecast NAIL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NAIL is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 68.590
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Current: 68.590
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
