Loading…
Loading…
In theory, the financial services sector, the second-largest sector exposure in the S&P 500, should be a decent performer this year. The reality is something else, as the largest pure beta ETF addressing the sector is down 4.6% year-to-date as of June 8.
Another earnings season means traders will be treated to a slew of updates from the financial services sector. In fact, some of have already arrived, suggesting that bank ETFs may be worth a look.
The financial sector staged a sharp recovery, and the market has decided the worst is over.
Q1 earnings reports have come in from four prominent names in the financial sector—Goldman Sachs, JP Morgan Chase, Wells Fargo, and Citigroup.
Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ - Get Free Report) shares passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $43.93 and traded as high as $53.40. Direxion Daily Financial Bear 3X Shares shares last traded at $53.31, with a volume of
Most investors think only of the upside that comes from leveraged ETFs, unaware of the very real dangers they're exposing themselves to.
Direxion Daily Financial Bear 3X Shares (NYSEARCA:FAZ - Get Free Report)'s share price passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $42.07 and traded as high as $50.76. Direxion Daily Financial Bear 3X Shares shares last traded at $49.86, with a volume
The Direxion Daily Financial Bear 3X Shares was a star during the global financial crisis. The ETF still has its limited uses, but don't expect 2008 levels of performance.
Full call transcripts — prepared remarks + analyst Q&A — with speaker-by-speaker formatting and one-click switching across every quarter on file.
Click below to see what's inside, then upgrade to read every transcript for FAZ and 80,000+ other tickers.
Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.