Direxion Daily BRKB Bull 2X Shares (NASDAQ: BRKU)

Latest news for Direxion Daily BRKB Bull 2X Shares (NASDAQ:BRKU)

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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 Bull 2X Shares

Stephens &amp; Co. analyst Jim Salera maintains Cheesecake Factory (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAKE#NASDAQ">CAKE</a>) with a Overweight and raises the price target from $51 to $57.

News

Price Target

Analyst Ratings

CAKE

Stephens & Co. Maintains Overweight on Cheesecake Factory, Raises Price Target to $57

Keefe, Bruyette &amp; Woods analyst Paul Johnson downgrades Blue Owl Capital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OBDC#NYSE">OBDC</a>) from Market Perform to Underperform and lowers the price target from $15.5 to $14.

Downgrades

OBDC

Keefe, Bruyette & Woods Downgrades Blue Owl Capital to Underperform, Lowers Price Target to $14

Suncor Energy released its 2025 corporate guidance today including growing annual upstream production to 810,000 to 840,000 bbls/d as well as increased annual refining utilization of 93% to 97%, both reflecting the sustainability of the higher performance achieved throughout 2024.

Guidance

Suncor Energy Says Financial Performance Aligned With May 2024 Investor Day Commitments; Growth In Upstream Consistent With Plan To Add Over 100,000 bbls/d Between 2023 And 2026

Keefe, Bruyette &amp; Woods analyst Paul Johnson upgrades Hercules Capital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HTGC#NYSE">HTGC</a>) from Market Perform to Outperform and raises the price target from $19.5 to $21.5.

Upgrades

HTGC

Keefe, Bruyette & Woods Upgrades Hercules Capital to Outperform, Raises Price Target to $21.5

The anticipated amendment, which will require Securities Exchange Commission review, will reflect the Company's plan to significantly reduce its use of the equity backed GEM facility by reducing the number of shares registered by approximately 35.6 million shares.
Previously announced credit facility expected to facilitate reduction in contemplated future equity dilution.
Company plans registration statement amendment to reduce share subscription facility shares from 40 million shares to $15 million (~4.4M shares at today's price).
 &nbsp;

SRFM

Surf Air Mobility Anticipates Reducing Potential Future Equity Dilution By Approximately 90%

HC Wainwright &amp; Co. analyst Emily Bodnar reiterates BriaCell Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BCTX#NASDAQ">BCTX</a>) with a Buy and maintains $15 price target.

Reiteration

BCTX

HC Wainwright & Co. Reiterates Buy on BriaCell Therapeutics, Maintains $15 Price Target

Barclays analyst Theresa Chen initiates coverage on Pembina Pipeline (TSX:<a class="ticker" href="https://www.benzinga.com/stock/PPL#TSX">PPL</a>) with a Overweight rating and announces Price Target of C$63.

Initiation

TSX:PPL

Barclays Initiates Coverage On Pembina Pipeline with Overweight Rating, Announces Price Target of C$63

Deutsche Bank analyst Steve Powers upgrades PepsiCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) from Hold to Buy and raises the price target from $179 to $184.

Deutsche Bank Upgrades PepsiCo to Buy, Raises Price Target to $184

On September 30, 2024, Olin had remaining authorization to repurchase approximately $0.7 billion of the Company's common stock under its existing stock repurchase plan approved in July 2022.
Under the new $1.3 billion share repurchase program approved by Olin's Board of Directors, shares of the Company's common stock may be repurchased periodically, including in the open market, or privately negotiated transactions.&nbsp;

Buybacks

Olin Plans New Share Repurchase Program, Increasing Authorization To $2.0B

PHX MINERALS INC., "PHX" or the "Company" (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHX#NYSE">PHX</a>), today announced that its Board of Directors (the "Board") has agreed to initiate a process to evaluate certain strategic alternatives to maximize shareholder value, including a potential merger or sale of the Company. RBC Capital Markets, LLC has been retained as financial advisor to assist in the review process.

PHX Minerals Bags Board Approval For Strategic Alternatives Process Including Potential Merger Or Sale

Deutsche Bank analyst Stephen Powers downgrades Mondelez International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>) from Buy to Hold and lowers the price target from $78 to $67.

MDLZ

Deutsche Bank Downgrades Mondelez International to Hold, Lowers Price Target to $67

Needham analyst Mike Matson maintains Stryker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYK#NYSE">SYK</a>) with a Buy and raises the price target from $409 to $442.

Needham Maintains Buy on Stryker, Raises Price Target to $442

U.S. stock futures declined on Thursday in premarket hours after hitting fresh highs on Wednesday. The futures of all the four major indices were trading lower.
November inflation data was in line with analyst expectations, shooting up the probability of a further 25 basis point rate cut in December rose to 98.6% versus 58.75% probability a month ago, according to <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">CME Group&#8217;s FedWatch tool</a>. Federal Reserve officials are currently in a quiet period ahead of their December meeting.
Traders now await the producer price index data, which will be released later today. The 10-year and two-year Treasury notes yielded 4.30% and 4.18%, respectively
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.24%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.16%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.19%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.18%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Wednesday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was down 0.12% to $606.71 and the Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) declined 0.20% to $528.87, according to <a href="https://www.benzinga.com/pro/">Benzinga Pro data</a>.
Cues From The Last Session
The Consumer Price Index (CPI) for November climbed 2.7% year-over-year, aligning with expectations. 1 Core inflation, excluding volatile food and energy costs, held steady at 3.3%.  
The Magnificent Seven's combined <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42445451/nasdaq-100-rallies-to-record-highs-magnificent-7-market-cap-tops-17-trillion-bitcoin-soars-to-100000-whats-driving-markets-wednesday">market cap hits $18.2 trillion,</a> with five giants reaching all-time highs on Wednesday. The Roundhill Magnificent Seven ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAGS#NASDAQ">MAGS</a>), a closely watched benchmark for the group&#8217;s market performance, surged 3.03% on Wednesday, setting a new all-time high.
The Roundhill Magnificent Seven ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAGS#NASDAQ">MAGS</a>) surged 3.03%, its best performance since early November. 
The broader market also participated in the rally. The S&amp;P 500 climbed 0.82%, nearing its all-time high. Small-cap stocks added 0.48%, while the Dow Jones Industrial Average ended 0.22% lower.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>1.77%</td>
<td>20,034.90</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.82%</td>
<td>6,084.19</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.22%</td>
<td>44,148.56</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.48%</td>
<td>2,394.16</td>
</tr>
</tbody>
</table>
</figure>
See Also: <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42445451/nasdaq-100-rallies-to-record-highs-magnificent-7-market-cap-tops-17-trillion-bitcoin-soars-to-100000-whats-driving-markets-wednesday">Nasdaq 100 Rallies To Record Highs, Magnificent 7 Market Cap Tops $17 Trillion, Bitcoin Soars To $100,000: What&#8217;s Driving Markets Wednesday?</a>
Insights From Analysts
Despite the S&amp;P 500 Index nearing record highs on Wednesday, its breadth was skewed in the favour of the bears.
&#8220;117 stocks in the S&amp;P 500 made a new monthly low yesterday, the most since 139 on Halloween. 211 made a 10-day low, most since Sept 6,&#8221; said Ryan Detrick, the chief market strategist at Carson Group.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">117 stocks in the S&amp;P 500 made a new monthly low yesterday, the most since 139 on Halloween. 211 made a 10-day low, most since Sept 6. Not end of world stuff, but clearly some deterioration under the surface taking place.
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1866927212479590411?ref_src=twsrc%5Etfw">December 11, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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The breadth has been skewed for the last seven days. &#8220;Since 2010, only happened two other times. Aug &#8217;11 and Dec &#8217;18. Small sample size yes, but not the worst times for bulls going forward,&#8221; added Detrick.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">7 consecutive days there have been more decliners than advancers on the S&amp;P 500. Since 2010, only happened two other times. Aug &#39;11 and Dec &#39;18. Small sample size yes, but not the worst times for bulls going forward.
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1866929220540305836?ref_src=twsrc%5Etfw">December 11, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Talking about balancing growth amid policy shifts, Andrew Pease, the chief investment strategist at Russell Investments said, &#8220;Tax cuts and deregulation could provide a meaningful growth boost, particularly to domestic and cyclical sectors.&#8221;
&#8220;Given lower valuations and improving sentiment, we are more positive on U.S. small-cap equity than we have been in prior years. Large-cap dominance in both earnings and price appreciation will require a catalyst to shift returns in the small-cap direction,&#8221; he added.
Apart from small-caps, Pease in his note said that &#8220;growth managers targeting high-growth cyclical sectors like software, while value managers identify mergers and acquisitions potential in financials and healthcare. Core managers are balancing cyclical exposure and managing risks in rate-sensitive sectors.&#8221;
Citing rich valuations, Alex Chaloff, the chief investment officer at Bernstein Private Wealth Management said that they are still pro-equities.
&#8220;We&#8217;re optimistic on equities, think that valuations are a little bit rich in a pocket of the market, but there are some opportunities. In bonds, you can clip the coupon even if rates move higher from here, which we don&#8217;t think is our base case,&#8221; he said.
See Also: <a href="https://www.benzinga.com/24/12/42453807/spacex-hits-350-billion-valuation-in-insider-share-sale-ceo-elon-musk-says-no-investors-wanted-to-sell-shares">SpaceX Hits $350 Billion Valuation In Insider Share Sale: CEO Elon Musk Says &#8216;No Investors Wanted To Sell Shares&#8217;</a>
Upcoming Economic Data
This week&#8217;s remaining economic calendar with essential data releases that will help investors shape their future plans and strategies.
<ul>
<li>On Thursday, initial jobless claims data till Dec. 7 and the core and headline producer price index for November will be released at 8:30 a.m. ET.</li>
<li>On Friday, the import price index data will be released at 8:30 a.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Macy's, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) was down 1.03% as its net sales decreased 2.4%. Sales growth at Macy's First 50 locations, Bloomingdale's, and Bluemercury was offset primarily by weakness in Macy's non-First 50 locations, digital channels, and cold weather categories.</li>
<li>Nordson Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDSN#NASDAQ">NDSN</a>) fell by 5.43% as the company revenue guidance for the fiscal year 2025 was below analyst expectations.</li>
<li>Adobe Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) declined by 9.99% after its earnings beat estimates but the revenue guidance for the first quarter missed the mark.</li>
<li>Ciena Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) was up 1.08% in the premarket as it is slated to report quarterly earnings before the bell. Wall Street expects it to report quarterly earnings of 66 cents per share on revenue of $1.10 billion.</li>
<li>DBV Technologies SA &#8211; ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBVT#NASDAQ">DBVT</a>) rose by 32.83% after the company announced alignment with the FDA on an accelerated approval pathway for the Viaskin peanut patch in toddlers one to three years old.</li>
<li>Amplitech Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMPG#NASDAQ">AMPG</a>) gained 39.90% after the company priced its $2.2 million registered direct offering of 1.35 million shares at $1.60 per share.</li>
<li>Nuburu Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BURU#NYSE">BURU</a>) was up 22.62% after the company addressed NYSE compliance violations over 4.6 million share issuance.</li>
<li>Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) is in focus as President-elect Donald Trump <a href="https://www.benzinga.com/general/social-media/24/12/42454492/djt-stock-in-focus-as-trump-set-to-ring-nyse-bell-today-heres-why-president-elect-once-threatened-to-shift-trump-media-from-nasdaq">is set to ring </a>the New York Stock Exchange opening bell Thursday.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures were largely unchanged in the early New York session and rose 0.03% to hover around $70.31 per barrel.
The gold spot index fell by 0.37% to $2,746.59 per ounce. The Dollar Index was down 0.12% to 106.581 level.
Asian markets were mixed on Thursday as Australia&#8217;s ASX 200 and India&#8217;s S&amp;P BSE Sensex declined. While, Hong Kong&#8217;s Hang Seng, China&#8217;s CSI 300, Japan&#8217;s Nikkei 225, and South Korea&#8217;s Kospi Index advanced. Most European markets advanced.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/12/42454495/microsoft-expects-800-million-impairment-charge-due-to-gms-cruise-exit-but-analysts-say-its-a-step-in-the-right-direction-for-automaker">Microsoft Expects $800 Million Impairment Charge Due To GM&#8217;s Cruise Exit, Analyst Says It&#8217;s A &#8216;Step In The Right Direction&#8217; For Automaker</a></li>
</ul>
Image Via Shutterstock

Equities

Market Summary

Movers & Shakers

Economics

Federal Reserve

Pre-Market Outlook

Markets

General

ADBE

AMPG

BURU

CIEN

DBVT

MAGS

NDSN

Wall Street Poised To Open Lower A Day After Nasdaq's Record Close Above 20,000: Expert Flags 'Deterioration Under The Surface' As 117 S&P 500 Stocks Hit New Monthly Lows

Deutsche Bank analyst Steve Powers downgrades Kenvue (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KVUE#NYSE">KVUE</a>) from Buy to Hold and lowers the price target from $25 to $24.

KVUE

Deutsche Bank Downgrades Kenvue to Hold, Lowers Price Target to $24

Quantum-Si Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QSI#NASDAQ">QSI</a>) shares are trading higher premarket on Thursday. The company expanded its international <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/b42455367/quantum-si-expands-international-distribution-network" rel="noreferrer noopener">distribution network to 15 partners</a>.
This expansion includes further growth in Western and Eastern Europe, Asia, and new markets in the Middle East, Africa, South America, and the South Pacific.
Jeff Hawkins, President and Chief Executive Officer of Quantum-Si, said, &#8220;We believe that this expansion will position the Company for continued revenue growth in 2025 and beyond. These distribution partners, along with our recent announcement of the&nbsp;Avantor distribution agreement&nbsp;in North America, allows us broader access to research customers globally.&#8221;
Last week, Quantum-Si launched<a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/b42314043/quantum-si-launches-platinum-new-library-prep-kit-expanding-access-to-next-generation-protein-sequ" rel="noreferrer noopener"> the Platinum Library Prep Kit, V2</a>.
This advanced tool for single-molecule protein sequencing simplifies workflows and enhances proteome analysis.
The kit streamlines library preparation, cutting hands-on time to under two hours while ensuring precision and reliability.
Also, Quantum-Si introduced its Protein Barcoding Kit. This advanced tool enables multiplexed protein screening, revolutionizing protein <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/b42289601/quantum-si-introduces-protein-barcoding-kit-for-multiplexed-protein-screening" rel="noreferrer noopener">research for enhanced efficiency and insight</a>.
Price Action: QSI shares are up 9.38% at $2.10 premarket at the last check Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/42455654" target="_blank" rel="noreferrer noopener">Tesla Could Touch $2 Trillion Market Cap By End Of 2025, Says Tech Bull: FSD, Robotaxis, And Cybercab &#8216;Keys&#8217; For EV Giant</a></li>
</ul>

Contracts

Small Cap

Movers

Quantum-Si Strengthens Global Footprint With Expanded Partner Network

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.

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.

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.

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

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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