5 Leveraged ETFs That Have Gained in Double Digits in June
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 28 2024
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Source: NASDAQ.COM
- Wall Street Rally in June: Wall Street has seen a strong rally in June, driven by the AI boom, with Nasdaq and S&P 500 rising nearly 6.7% and 4.7%, respectively.
- Best-Performing Leveraged Equity ETFs: Highlighted leveraged equity ETFs that gained double digits in June include NVDX, AAPX, QQQU, TSLR, and AMZZ.
- Market Milestones: NVIDIA briefly became the world's most valuable company, while Apple, Microsoft, and Amazon are racing to hit market capitalization milestones.
- Interest Rate Outlook: The last FOMC meeting indicated one rate cut for this year and four cuts in 2025, which could impact stock market performance.
- ETF Performance Details: Summarized performance details of leveraged ETFs like NVDX, AAPX, QQQU, TSLR, and AMZZ, cautioning about their volatility and suitability for short-term traders.
Analyst Views on NVDX
Wall Street analysts forecast NVDX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NVDX 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: 16.350
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Current: 16.350
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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.
