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

Apple’s Holiday Gamble: Feast or Famine for Traders?

AAPD AAPU

Dec 03, 2024 | 3 min read

Apple exceeded expectations with their latest earnings report. The question now is whether bulls can seize the opportunity, or if there’s a greater selloff coming.

Broadcom Earnings: Will AI Revenue Spark Gains or Byte-Sized Losses?

AVL AVS

Dec 03, 2024 | 4 min read

Broadcom is expected to announce fiscal fourth-quarter earnings on our around December 6.

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?