The Fund seeks daily investment results, before fees and expenses, of 200% of the price performance of the NYSE Arca Gold Miners Index. The Fund, under normal circumstances, invests at least 80% of its net assets in financial instruments that provide daily leveraged exposure to the Index or to ETFs that track the Index. However, it is important to understand the increased risks of investing in a leveraged fund that can amplify returns but also amplify losses. All investments involve risk, and not all risks are suitable for every investor. The value of securities may fluctuate and as a result, clients may lose more than their original investment. The past performance of a security, or financial product does not guarantee future results or returns.

Because of ongoing market volatility, fund performance may be subject to substantial short-term changes. Leveraged and inverse ETFs pursue daily leveraged investment objectives which means they are riskier than alternatives which do not use leverage. They seek daily goals and should not be expected to track the underlying index over periods longer than one day. They are not suitable for all investors and should be utilized only by investors who understand leverage risk and who actively manage their investments.

NUGT Overview

The Index will limit the weight of companies whose revenues are more significantly exposed to silver mining to less than 20% of the Index at each rebalance date. The Index may include small- and mid-capitalization companies and foreign issuers. Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted.

With execution like that, it shouldn’t be shocking to learn that Fastenal has increased its dividend annually for 24 consecutive years. And, even more important for dividend growth investors, it has done so at a fairly rapid clip, noting that the average annualized increase over the past decade was a generous 14%. So while dividend increases will ebb and flow over time, 14% is not a historical artifact that is out of reach in the future. Discover dividend stocks matching your investment objectives with our advanced screening tools. Learn more about dividend stocks, including information about important dividend dates, the advantages of dividend stocks, dividend yield, and much more in our financial education center.

Understanding how those companies are performing will provide additional insight. But it is important to stress that a leveraged ETF is meant for short-term gain and operates on a speculative nature by investing in riskier products, such as debt and derivatives, to amplify returns. Adding to the allure of the dividend is an incredibly strong balance sheet, with a debt-to-equity ratio of 0.12 times. That’s incredibly low and suggests that there’s room for acquisitions and capital investment plans, and still ample room for adversity before the dividend would be at risk. The company also covers its trailing-12-month interest expenses by roughly 100 times, which is an astoundingly strong number. So while the dividend payout ratio has historically trended between 60% and 75%, that is completely reasonable given the company’s broader financial strength.

The new data was in an investor update filed with the Securities and Exchange Commission on Tuesday. Shares of Western Alliance jumped about 7% in extended trading after the bank said that its deposit growth for the current quarter surpassed $2 billion as of May 12. Home prices in China fell, with prices 0.2% lower year-on-year, compared to a 0.8% decline seen in the previous month, according to Reuters’ calculations.

Pricing & Performance

To reflect this shift, the fund changed its name from “Direxion Daily Gold Miners Index Bull 3X Shares” to “Direxion Daily Gold Miners Index Bull 2X Shares.” Exchange traded funds have gained the favor of investors because of their low expense ratios, tax efficiency, diversification, trading flexibility and liquidity. They offer a lower relative cost alternative to other vehicles such as stocks and many mutual funds. https://business-oppurtunities.com/internet-marketing-101/ Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation.

These funds track a commodity related equity index, consisting of a basket of gold miner related stocks. They do not invest in physical commodities and should not be expected to directly track the price performance of gold. No content on the Webull Financial LLC website shall be considered as a recommendation or solicitation for the purchase or sale of securities, options, or other investment products. All information and data on the website is for reference only and no historical data shall be considered as the basis for judging future trends.

Most Successful ETF Launches of Second Quarter

With a $30 billion market cap, it isn’t too surprising to find industrial stock Fastenal (FAST -1.07%) in the S&P 500 index, even though it probably isn’t a household name. But given its impressive dividend growth record, it should be a top-of-mind option for income-oriented investors. Target and Cisco Systems will report earnings Wednesday, while data on housing starts and building permits will provide insight into the health of the U.S. housing market.

ETFs at Charles Schwab & Co., Inc. (“Schwab”) which are U.S. exchange-listed can be traded without a commission on buy and sell transactions made online in a Schwab account. Trade orders placed through a broker will receive the negotiated broker-assisted rate. Please see the Charles Schwab Pricing Guide for additional information.

Try our powerful tools to help compare investments and get ideas. Provides a general description of the business conducted by this company. A thumbnail of a daily chart is provided, with a link to open and customize a full-sized chart. On November 10, gold broke out to the upside as it eclipsed a technical level that ended a pattern of lower highs. Many factors favored the upside for gold’s price, but the precious metal has been consolidating… /PRNewswire/ — Attorney Advertising — Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Direxion…

Narrow your ETF choices

Keep in mind that while diversification may help spread risk, it does not assure a profit or protect against loss in a down market. There is always the potential of losing money when you invest in securities or other financial products. Investors should consider their investment objectives and risks carefully before investing. Direxion Daily Gold Miners Index Bull 2X Shares (NUGT) is a leveraged exchange traded fund (ETF) that should be used only for short-term trades. In fact, Direxion on its website notes the returns the ETF seeks on its benchmark (the NYSE Arca Gold Miners Index) are for a single day. Direxion also states the ETF should be used only by “investors who understand leverage risk and who actively manage their investments.”

Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. In fact, up until March 31, 2020, fund managers at Direxion sought daily leveraged investment results, before fees and expenses, of 300% of the NYSE Arca Gold Miners Index performance. Because of increased market volatility, Direxion reduced the daily leverage exposure from triple to double.

Private Companies

The amount of the fees is disclosed in the prospectus of each ETF. During Fastenal’s first-quarter 2023 earnings conference call, management made a point of highlighting that it is seeing some weakness in its end markets. And that the economy isn’t something that the company can control, with management preferring to focus on things like investing for long-term business expansion and rewarding investors with dividend growth. That’s exactly what you want to hear, especially given the success that has been achieved to date. The thing with Fastenal is that Wall Street is wise to its long-term success so the stock is rarely cheap. But today the dividend yield of roughly 2.5% is toward the higher side of the historical yield range.

• The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals.
• These returns cover a period from January 1, 1988 through April 3, 2023.
• The value of securities may fluctuate and as a result, clients may lose more than their original investment.
• Stock futures are ticking higher, suggesting major indexes could recover slightly after falling Tuesday on worries about a potential debt-ceiling default.

Zacks proprietary quantitative models divide each set of ETFs following a similar investment strategy (style box/industry/asset class) into three risk categories- High, Medium, and Low. The aim of our models is to select the best ETFs within each risk category, so that investors can pick an ETF that matches their particular risk preference in order to better achieve their investment goals. Advisory accounts and services are provided by Webull Advisors LLC (also known as “Webull Advisors”). Webull Advisors is an Investment Advisor registered with and regulated by the SEC under the Investment Advisors Act of 1940. Trades in your Webull Advisors account are executed by Webull Financial LLC, a member of the Securities Investor Protection Corporation (SIPC).

Mr. Brigandi was previously involved in the equity trading training program for Fleet Boston Financial Corporation from August 2002 to April 2004. NUGT comes with a relatively hefty 1.14% expense ratio, as of Dec. 24, 2021. The fund attempts to track 200% of the performance of the NYSE Arca Gold Miners Index via futures contracts, short positions, reverse purchase agreements, options, swap agreements and similar exotic trading tactics. Investing in a Direxion Shares ETF may be more volatile than investing in broadly diversified funds. The use of leverage by a Fund increases the risk to the Fund. A $0.55 per contract fee applies for certain options trades.

In 2017, Fastenal had 2,383 stores and 605 “onsite” locations, which is what it calls an operation within a customer’s business. At the end of the first quarter of 2023, it had 1,660 stores and 1,674 onsites. Notably, its total locations increased from 2,988 to 3,334 over that span. And, over the last five years, the company’s revenue increased at an annualized rate of roughly 10% with earnings per share expanding at a clip of around 13%. So not only is it executing its strategic shift, but it is growing its business while it is doing it.

Helpful articles on different dividend investing options and how to best save, invest, and spend your hard-earned money. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. Gold failed at the $1900 level and dropped like a stone after the June FOMC meeting, but the prospects for higher prices remain compelling. Gold is a currency and a commodity with a bull market that has…

For an ETF, this widget displays the top 10 constituents that make up the fund. This is based on the percent of the fund this stock’s assets represent. Tech stock Keysight advanced more than 7% after the bell on the back of a strong quarterly earnings report and guidance for the current quarter. Concerns over the potential of default weighed on investors in Tuesday’s regular session. The Dow led the major indexes down with a 1% drop, followed by the S&P 500 and Nasdaq Composite with respective losses of about 0.6% and 0.2%.