Direxion Daily BRKB Bear 1X Shares (NASDAQ: BRKD)

Latest news for Direxion Daily BRKB Bear 1X Shares (NASDAQ:BRKD)

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Direxion launches leveraged and inverse ETFs tied to Berkshire Hathaway and Palantir, adding excitement to otherwise steady stocks in a diverse trading landscape.

Berkshire, Palantir ETFs Add High-Octane Trading Options With Direxion&#39;s Launch

Direxion Daily BRKB Bear 1X Shares

HC Wainwright &amp; Co. analyst Emily Bodnar reiterates Olema Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLMA#NASDAQ">OLMA</a>) from Buy to Buy.

News

Reiteration

Analyst Ratings

OLMA

HC Wainwright & Co. Reiterates Buy on Olema Pharmaceuticalsto Buy

Deutsche Bank analyst Steve Powers upgrades Coca-Cola (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) from Hold to Buy and raises the price target from $68 to $70.

Upgrades

Price Target

Deutsche Bank Upgrades Coca-Cola to Buy, Raises Price Target to $70

Deutsche Bank analyst Steve Powers upgrades Keurig Dr Pepper (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KDP#NASDAQ">KDP</a>) from Hold to Buy and raises the price target from $37 to $39.

Deutsche Bank Upgrades Keurig Dr Pepper to Buy, Raises Price Target to $39

Barclays analyst Julian Mitchell initiates coverage on Vertiv Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) with a Equal-Weight rating and announces Price Target of $142.

Initiation

Barclays Initiates Coverage On Vertiv Hldgs with Equal-Weight Rating, Announces Price Target of $142

Evercore ISI Group analyst James Kammert initiates coverage on Agree Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) with a Outperform rating and announces Price Target of $82.

Evercore ISI Group Initiates Coverage On Agree Realty with Outperform Rating, Announces Price Target of $82

China&#8217;s leadership has taken a surprising turn in monetary policy, signaling a shift to a &#8220;moderately loose&#8221; stance. But experts weigh on when a big stimulus would be introduced.
What Happened: China&#8217;s leadership surprised markets on Monday by indicating a shift in monetary policy after 14 years. The change to a &#8220;moderately loose&#8221; stance, last used during the 2008 financial crisis, reflects deep economic concerns, CNBC <a href="https://www.cnbc.com/2024/12/11/chinas-policy-shift-signals-economic-worries-but-outsized-stimulus-is-unlikely.html">reported</a> on Thursday.
Experts, including&nbsp;Larry Hu&nbsp;from Macquarie, suggest this shift signals worries over sluggish domestic demand and potential trade conflicts. Despite recent stimulus efforts, China&#8217;s economy faces deflationary pressures and a housing market slump.
Gabriel Wildau&nbsp;of&nbsp;Teneo noted that Monday&#8217;s announcement does not signal that a "bazooka-style stimulus will arrive immediately.&#8221; He added that China&#8217;s previous massive stimulus package was 13% of its GDP. 
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/10/41325429/chinese-researchers-use-quantum-computers-to-reportedly-crack-rsa-encryption-raising-alarms-in-cyber?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Chinese Researchers Use Quantum Computers To Reportedly Crack RSA Encryption, Raising Alarms In Cybersecu</a>
Recent measures include a five-year, 10 trillion yuan stimulus to address local government debt. However, economists like those at&nbsp;Morgan Stanley&nbsp;believe further fiscal expansion is needed. The&nbsp;People&#8217;s Bank of China&nbsp;has been cautious with rate cuts to avoid capital flight.
Why It Matters: The shift in China&#8217;s monetary policy comes as <a href="https://www.benzinga.com/government/regulations/24/12/42391254/us-listed-chinese-stocks-jump-on-chinas-stimulus-measures-looser-monetary-policy-assurances">U.S.-listed Chinese stocks</a>, such as Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) , and Baidu, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), have shown increased volatility. As of Thursday, according to<a href="https://pro.benzinga.com"> Benzinga Pro</a> data, the YTD returns of Alibaba increased by 19.02%, JD.com rose by 40.48% but that of Baidu fell by 22.52%. This increase is attributed to the anticipation of China&#8217;s annual economic planning meeting, where financial goals and further stimulus measures are expected to be discussed. 
Meanwhile, global markets have shown mixed reactions. On Dec 10, U.S. <a href="https://www.benzinga.com/24/12/42432268/asia-and-europe-markets-mixed-crude-oil-up-amid-stimulus-hopes-dollar-strengthens-global-markets-today-while-us-slept">markets closed lower</a> as investors awaited key inflation data that could influence the Federal Reserve&#8217;s interest rate decisions.&nbsp;
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/news/global/24/12/42402629/trump-to-change-dollar-stores-for-good-dollar-tree-exec-says-prepared-to-act?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump To Change Dollar Stores For Good? Dollar Tree Exec Says &#8216;Prepared To Act&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
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Asia

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General

BABA

BIDU

China Might Be Pivoting To 'Moderately Loose' Monetary Policy, But Experts Feel 'Bazooka-Style Stimulus' Won't Arrive Immediately

JP Morgan analyst Andrea Teixeira initiates coverage on Celsius Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CELH#NASDAQ">CELH</a>) with a Overweight rating and announces Price Target of $37.

CELH

JP Morgan Initiates Coverage On Celsius Holdings with Overweight Rating, Announces Price Target of $37

HC Wainwright &amp; Co. analyst Yi Chen reiterates Bausch &amp; Lomb (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLCO#NYSE">BLCO</a>) with a Buy and maintains $23 price target.

BLCO

HC Wainwright & Co. Reiterates Buy on Bausch & Lomb, Maintains $23 Price Target

B of A Securities analyst Ross Fowler upgrades Constellation Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>) from Neutral to Buy and raises the price target from $237 to $269.

B of A Securities Upgrades Constellation Energy to Buy, Raises Price Target to $269

JP Morgan analyst Richard Sunderland upgrades New Jersey Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NJR#NYSE">NJR</a>) from Neutral to Overweight and raises the price target from $52 to $54.

JP Morgan Upgrades New Jersey Resources to Overweight, Raises Price Target to $54

<ul>
<li>All cash offer of $1.67 per share representing a 58% premium to O3 Mining's closing price on December 11, 2024</li>
<li>Offer unanimously recommended by Board and Special Committee of O3 Mining and supported by shareholders representing 22% of outstanding shares of O3 Mining</li>
</ul>

Commodities

OIIIF

Agnico Eagle Mines Has Agreed To Acquire O3 Mining At C$1.67 Per Share In Cash By Way Of A Take-over Bid, The Offer Is Valued At Approximately C$204M On A Fully Diluted In-the-money Basis

HC Wainwright &amp; Co. analyst Matthew Caufield reiterates Phathom Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHAT#NASDAQ">PHAT</a>) with a Buy and maintains $28 price target.

PHAT

HC Wainwright & Co. Reiterates Buy on Phathom Pharmaceuticals, Maintains $28 Price Target

JP Morgan analyst Richard Sunderland reinstates Algonquin Power (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AQN#NYSE">AQN</a>) with a Neutral and announces $7 price target.

JP Morgan Reinstates Neutral on Algonquin Power, Announces $7 Price Target

B of A Securities analyst Julien Dumoulin-Smith upgrades WEC Energy Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WEC#NYSE">WEC</a>) from Underperform to Neutral and raises the price target from $90 to $98.

B of A Securities Upgrades WEC Energy Group to Neutral, Raises Price Target to $98

Agnico Eagle Mines Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEM#NYSE">AEM</a>) (TSX:<a class="ticker" href="https://www.benzinga.com/stock/AEM#TSX">AEM</a>) ("Agnico Eagle") and O3 Mining Inc. (TSXV:<a class="ticker" href="https://www.benzinga.com/stock/OIII#TSXV">OIII</a>) (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/OIIIF#OTCQX">OIIIF</a>) ("O3 Mining") are pleased to jointly announce that they have entered into a definitive support agreement (the "Definitive Agreement"), pursuant to which Agnico Eagle has agreed to offer to acquire, directly or indirectly, all of the outstanding common shares of O3 Mining (the&nbsp;"Common Shares") at $1.67 per Common Share in cash by way of a take-over bid (the "Offer"). The Offer is valued at approximately $204 million on a fully diluted in-the-money basis.
The Premium Cash Offer
The offer price of $1.67 per Common Share represents a premium of 57% to the volume weighted average price of the Common Shares on the TSX Venture Exchange for the 20-day period ended December 11, 2024 (the last trading day prior to announcement of the Offer).
O3 Mining's primary asset is its 100%-owned Marban Alliance property located near Val d'Or, in the Abitibi region of Québec, and is adjacent to Agnico Eagle's Canadian Malartic complex. The Marban Alliance property includes the Marban deposit, which is an advanced exploration project that could support an open pit mining operation similar to Agnico Eagle's Barnat open pit operations at the Canadian Malartic complex. O3 Mining has estimated that the Marban pit&nbsp; contains 52.4 million tonnes of indicated mineral resources grading 1.03 g/t gold for 1.7 million ounces of gold and 1.0 million tonnes of inferred mineral resources grading 0.97 g/t gold for 32 thousand ounces of gold (effective date of February 27, 2022). O3 Mining also owns 100% of the Alpha property and 100% of the Kinebik property.

TSX:AEM

TSXV:OIII

Agnico Eagle to Acquire O3 Mining in $204M Deal Implying 57% Premium, Boosting Québec Gold Assets

The key requirement in this technology development is the non-intrusive aspect of the clamp-on design, as well as the absence of any radioactive source. The first prototype is expected to be installed by Q3 2027.
 &nbsp;

XPRO

Expro Signs Technology Agreement With Petrobras For Development Of New Non-intrusive Flowmeter

B of A Securities analyst Michael Funk initiates coverage on Box (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOX#NYSE">BOX</a>) with a Buy rating and announces Price Target of $40.

B of A Securities Initiates Coverage On Box with Buy Rating, Announces Price Target of $40

Needham analyst Ami Fadia reiterates Jazz Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JAZZ#NASDAQ">JAZZ</a>) with a Buy and maintains $207 price target.

JAZZ

Needham Reiterates Buy on Jazz Pharmaceuticals, Maintains $207 Price Target

JP Morgan analyst Mark Strouse downgrades TPI Composites (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPIC#NASDAQ">TPIC</a>) from Overweight to Neutral.

Downgrades

TPIC

JP Morgan Downgrades TPI Composites to Neutral

HC Wainwright &amp; Co. analyst Matthew Caufield reiterates Opus Genetics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRD#NASDAQ">IRD</a>) with a Buy and maintains $8 price target.

HC Wainwright & Co. Reiterates Buy on Opus Genetics, Maintains $8 Price Target

BRKU, BRKD, PLTU and PLTD Join Existing Suite of 22 Single Stock Leveraged and Inverse ETFsNEW YORK, Dec. 11, 2024 /PRNewswire/ -- <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4322996-1&amp;h=2712597921&amp;u=https%3A%2F%2Fwww.direxion.com%2F%3Futm_source%3DReferral%26utm_medium%3DText%26utm_source_platform%3DDitto%26utm_campaign%3DLandI_Product_Various&amp;a=Direxion">Direxion</a>, a leading provider of tradeable ETFs, today announced bringing two additional pairs of Single Stock Leveraged and Inverse ETFs to market. The four new funds allow active traders to obtain magnified, or inverse, exposure to the daily performance of the common stock of Berkshire Hathaway Inc., or Palantir Technologies Inc., through either the <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4322996-1&amp;h=1781625471&amp;u=https%3A%2F%2Fwww.direxion.com%2Fproduct%2Fdaily-brkb-bull-and-bear-leveraged-single-stock-etfs%3Futm_source%3DReferral%26utm_medium%3DText%26utm_source_platform%3DDitto%26utm_campaign%3DLandI_Product_BRKU-BRKD&amp;a=Direxion+Daily+BRKB+Bull+2X+Shares+(Ticker%3A+BRKU)">Direxion Daily BRKB Bull 2X Shares (Ticker: BRKU)</a> and <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4322996-1&amp;h=252467058&amp;u=https%3A%2F%2Fwww.direxion.com%2Fproduct%2Fdaily-brkb-bull-and-bear-leveraged-single-stock-etfs%3Futm_source%3DReferral%26utm_medium%3DText%26utm_source_platform%3DDitto%26utm_campaign%3DLandI_Product_BRKU-BRKD&amp;a=Direxion+Daily+BRKB+Bear+1X+Shares+(Ticker%3A+BRKD)">Direxion Daily BRKB Bear 1X Shares (Ticker: BRKD)</a>, or the <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4322996-1&amp;h=18207481&amp;u=https%3A%2F%2Fwww.direxion.com%2Fproduct%2Fdaily-pltr-bull-and-bear-leveraged-single-stock-etfs%3Futm_source%3DReferral%26utm_medium%3DText%26utm_source_platform%3DDitto%26utm_campaign%3DLandI_Product_PLTU-PLTD&amp;a=Direxion+Daily+PLTR+Bull+2X+Shares+(Ticker%3A+PLTU)">Direxion Daily PLTR Bull 2X Shares (Ticker: PLTU)</a> and <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4322996-1&amp;h=1680406516&amp;u=https%3A%2F%2Fwww.direxion.com%2Fproduct%2Fdaily-pltr-bull-and-bear-leveraged-single-stock-etfs%3Futm_source%3DReferral%26utm_medium%3DText%26utm_source_platform%3DDitto%26utm_campaign%3DLandI_Product_PLTU-PLTD&amp;a=Direxion+Daily+PLTR+Bear+1X+Shares+(Ticker%3A+PLTD)">Direxion Daily PLTR Bear 1X Shares (Ticker: PLTD)</a>.

BRK/A

BRK/B

Direxion Unveils Berkshire Hathaway And Palantir Single Stock Leveraged And Inverse ETFs

Direxion&#8217;s latest launch offers new opportunities for short-term traders: single-stock<a href="https://www.benzinga.com/topic/leveraged-etfs"> leveraged and inverse ETFs</a> tied to Berkshire Hathaway Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) and Palantir Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>).



The move expands Direxion's growing suite of niche products, giving market participants a new way to play the stock market&#8217;s most iconic conglomerate and one of its buzziest tech players.



<h2 class="wp-block-heading">A Trader's Playground</h2>



Berkshire Hathaway, helmed by legendary investor Warren Buffett, isn't the first stock you'd think of for high-octane trading. Known for its methodical, long-term focus, Berkshire's portfolio is the epitome of &#8220;slow and steady.&#8221; But Direxion's new offerings—the Direxion Daily BRKB Bull 2X Shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRKU#NASDAQ">BRKU</a>) (2x daily bull exposure) and Direxion Daily BRKB Bear 1X Shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRKD#NASDAQ">BRKD</a>) (1x daily bear exposure)—promise to bring additional excitement to one of Wall Street's steadiest names.



"Direxion's commitment to continuous innovation in the ETF industry is one of the many reasons I joined the team," said Douglas Yones, Direxion's CEO.



Palantir, on the other hand, seems tailor-made for this kind of trading. As a stock that's surged on government contracts, AI buzz, and a burgeoning commercial footprint, Palantir already commands the attention of retail traders. With the Direxion Daily PLTR Bull 2X Shares&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTU#NASDAQ">PLTU</a>) (2x daily bull exposure) and Direxion Daily PLTR Bear 1X Shares&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTD#NASDAQ">PLTD</a>). (1x daily bear exposure), Direxion is betting that Palantir's high volatility and passionate fanbase will translate into action.



<h2 class="wp-block-heading">Why Single-Stock ETFs?</h2>



Single-stock ETFs are not for the faint of heart or the buy-and-hold crowd. By their nature, they amplify daily moves, making them tools for traders who thrive on volatility. Unlike traditional ETFs, these products track individual stocks, skipping the safety net of diversification.



While Direxion emphasizes these products are meant for short-term use, the potential for amplified losses underscores their risk.



Read Also: <a href="https://www.benzinga.com/markets/equities/24/12/42332905/warren-buffett-labeled-it-playing-with-fire-when-the-indicator-named-after-him-reached-140-cut-to-today-and-its-over-200-is-a-downturn-looming">Warren Buffett Labeled It &#8216;Playing With Fire&#8217; When The Indicator Named After Him Reached 140% — Cut To Today And It&#8217;s Over 200%: Is A Market Downturn Looming?</a>



<h2 class="wp-block-heading">Buffett's Slow Lane Meets Palantir's Autobahn</h2>



The juxtaposition of Berkshire and Palantir in this launch highlights the diversity of today's trading landscape. Berkshire represents the old guard—tried and tested—but it's not immune to daily sentiment shifts tied to Buffett's guidance. Palantir, by contrast, thrives on speculation, fueled by AI dreams and high-profile partnerships.



The ETFs join Direxion's broader lineup of 22 single-stock leveraged and inverse funds, targeting other names like Tesla Inc and Apple Inc.



Whether BRKU, BRKD, PLTU, or PLTD can carve out a niche in this competitive market remains to be seen, but one thing is clear: these products add a fresh layer of complexity to trading two of the market's most watched names.



<h2 class="wp-block-heading">Proceed With Caution</h2>



For those tempted to dive in, a word of advice: know what you're trading. Leveraged ETFs are high-risk tools, not set-it-and-forget-it investments. These funds are for those with an in-depth understanding of the risks associated with seeking leveraged investment results.



Will traders embrace these tools to capitalize on Berkshire's wisdom or Palantir's volatility? That's a bet only the market can answer.



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/24/12/42387962/palantir-scores-368-million-deal-with-ussocom-to-lead-ai-powered-mission-command">Palantir Jumps After Securing USSOCOM Contract Boost &#8211; What&#8217;s Going On?</a></li>
</ul>



Image created using artificial intelligence via Midjourney.

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Wednesday, December 11, 2024

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