Which Single-Stock ETFs are Benefitting from the Bull Market?
With 10 out of 11 S&P 500 sectors up this year (it might be 11, last time I checked), bulls are very much in control. The top three performing S&P 500 sectors as far as industry groups, you've got technology, communication services, and the industrial sector. We've also got the healthcare group which has been a laggard, making some noise.
Does Direxion offer ETFs targeting these particular industry groups? We do offer end investors both a breadth in terms of our single stock offerings as well as across more diversified strategies or sectors or industries. That's really where our business began in 2007 and 2008. It's an open question in terms of if that will be the finishing order, but we've seen interest from traders on both sides.
Looking across our sector lineup and industries in particular, maybe there's a few I would highlight. Within healthcare, a few tickers to remember are CURE and PILL for expressing a view on either side of the healthcare industry as a whole or the sector. We're seeing continued interest, despite some challenges from a political standpoint, towards biotech. LABU and LABD, U indicating bullish and D being bearish, are two considerations as well for the biotech sector.
We'd be remiss not to mention two of our flagship strategies which are TECL and TECS on technology. For those looking to take a decision on either side of the technology sector, or within that, semiconductors are continuing to drive our global economy and particularly in the US. Those are areas of continued interest from our trading community.
Stepping completely outside, something like homebuilders. As we're thinking about a change in interest rates and mortgage rates seem to have come down more recently, homebuilders may be benefiting from that. There's inventory questions that still linger in the housing market, but something like NAIL is a consideration for an active trader who's looking to express a view on the bullish side of home building.
One can expect when they come to Direxion is a number of opportunities, whether it's for concentrated exposure in single stock where you're really looking to play news sentiment earnings that are out there on an individual company, to more diversified baskets where you have an opportunity to express a view towards any given sector or industry.
