Best Leveraged ETFs of Last Week
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 06 2024
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Source: Benzinga
- Wall Street Performance: S&P 500, Dow Jones, and Nasdaq all saw gains last week, with the U.S. treasury yield fluctuating.
- Market Influences: The Fed's plan to slow balance sheet tightening and downbeat jobs data impacted bond yields, leading to rate cut speculations.
- Corporate Earnings: Apple and Amazon reported positive earnings, emphasizing AI growth and investments in their commentaries.
- Crude Oil ETF Decline: United States Oil Fund LP dropped due to weak demand growth, less supply worries, and increased U.S. crude output.
- Winning ETFs: Highlighted winning leveraged ETFs included biotech, electric vehicles, Apple, Chinese equities, and cannabis companies.
Analyst Views on USO
Wall Street analysts forecast USO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for USO 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: 73.340
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Current: 73.340
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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.
