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WEBL is ranked among the top ETFs in the equity leveraged funds class by Seeking Alpha Quant. The recent decrease in inflation strengthens the broad stock market rally. The internet industry is one of the top performers in the new rally, making it favorable for investing in internet stocks.
Streaming content company Netflix has strong forecasts for future growth, which could help keep the Direxion Daily Dow Jones Internet Bull 3X Shares (WEBL) elevated. The fund is already up over 70% for the year, benefiting from 2023's big tech comeback.
Big tech's dominance continues into the second half of 2023, translating into more gains for the Direxion Daily Dow Jones Internet Bull 3X Shares (WEBL), which is already up over 130% for the year. Household names like Google and Microsoft have already reported their earnings with positive results, driving more gains for big tech.
Leveraged ETFs carry major inherent risks. Volatility in the underlying index amplifies that risk even further, and makes value erosion even more likely. While a great intraday instrument for making aggressive speculative calls, any extended holding period, especially in this environment, would be very dangerous.
FAQ
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