U.S. Stock ETFs Surge on Hopes of Slowing Coronavirus Contagion

U.S. markets and stock ETFs surge on signs that the quarantine efforts are beginning to slow down the spread of the coronavirus pandemic. On Monday, the Invesco QQQ Trust (NASDAQ: QQQ) was up 5.7%, SPDR Dow Jones Industrial Average ETF (NYSEArca: DIA) rose 5.7%, and SPDR S&P 500 ETF (NYSEArca: SPY) gained 5.7%. Market watchers are... READ MORE »

Stocks Climb Higher On Hopes Of Coronavirus Deaths Abating

After two days of range trading, equities rocketed higher on Monday, helping to recover from the pullback last week, as the tally of fresh coronavirus cases in the U.S. appeared to diminish in New York. The Dow Jones Industrial Average rallied as much as 1,200 points higher, or more than 5.5% by 2 PM EST, [...] READ MORE »

As Chewy Proves, Pet Care ETF Has Online Retail, Coronavirus Benefits

The  ProShares Pet Care ETF (CBOE: PAWZ) is one of a small number of ETFs with strong exposure to online pet retailer Chewy (NYSE: CHWY). Although Chewy shares retreated last week following the company’s fourth-quarter earnings report, it may be a case of investors overreacting and glossing over Chewy’s leverage to the... READ MORE »

Homebuilder ETFs Climb as Investors Return to This Battered Segment

Homebuilder stocks and sector-related ETFs led the charge on Monday as investors hoped for a turning point in the coronavirus pandemic. Among the best performing non-leveraged ETFs of Monday, the iShares U.S. Home Construction ETF (NYSEArca: ITB) increased 13.8%, SPDR S&P Homebuilders ETF (NYSEArca: XHB) advanced 12.0%, and Invesco... READ MORE »

COVID-19 Renders Economic Data from January and February Virtually Meaningless

The current impact of the COVID-19 outbreak has rendered economic data from January and February virtually meaningless. As the world economy presses the Pause button in order to wage war on the coronavirus, we will likely see economic data in the coming weeks that resembles something on the order of a deep depression, not merely... READ MORE »

4 ETFs to Play Weakness or Strength in Leveraged Small, Mid Cap Equities

The coronavirus pandemic is infecting the markets on a large scale, but what about small cap and mid cap businesses? In a recent Xchange post by Direxion Investments, one risk traders should be wary of is the amount of debt these companies are carrying. “Another issue often highlighted by small- and mid-cap commentators is the [...] READ MORE »