5 Best-Performing Leveraged ETFs of May
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 31 2024
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Source: NASDAQ.COM
- Wall Street Rally in May: Wall Street has experienced a strong rally in May due to renewed Fed rate cut expectations, solid corporate earnings, and the AI boom, with all major bourses hitting record highs.
- Best-performing Leveraged Equity ETFs: Highlight of top-performing leveraged equity ETFs like T-REX 2X Long NVIDIA Daily Target ETF NVDX, ProShares Ultra Semiconductors USD, ProShares Ultra Silver AGQ, Direxion Daily Global Clean Energy Bull 2X Shares KLNE, and Direxion Daily Utilities Bull 3X Shares UTSL.
- Economic Growth and Earnings Outlook: Positive outlook for economic growth and earnings, with the U.S. economy showing signs of strong GDP gains and business activity growth.
- Investor Sentiment and Rate Cut Expectations: Investors are bullish on stocks, expecting interest rate cuts by the Fed in the second half of the year, leading to increased optimism.
- ETF Performance and Considerations: Summary of key leveraged ETF performances and a caution that these products are highly volatile and suitable only for short-term traders.
Analyst Views on AGQ
Wall Street analysts forecast AGQ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AGQ 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: 281.030
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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.
