Tesla Bear? Nvidia Bull? Leveraged And Inverse Single Stock ETFs Can Help You Maximize Your View

It’s been a monster year so far for many tech stocks, particularly for Nvidia NVDA. The AI chip maker, on the back of stellar revenues and a rosy outlook, has seen its stock almost double in 2024.

On the flip side, Tesla TSLA has seen its stock hammered. The electric vehicle (EV) pioneer, once the largest EV seller in the world, saw that title usurped by its Chinese counterpart, BYD BYDDY. This, along with poor earnings call after poor earnings call, has caused the company's stock to plunge more than 30% this year.

These sorts of huge swings present significant opportunities to investors if they are played right. The majority choose to invest directly in a company or indirectly through a broad-based ETF. Both can be smart choices, but investors are locked into a one-to-one relationship with the stock; they don't allow traders a way to further maximize returns or to profit from a stock dipping.

Options have been the primary vehicle for investors to do just that. Unfortunately, trading them is rife with pitfalls and requires a level of sophistication that many investors, if not most, lack.

Enter Direxion

The ETF issuer offers leveraged and inverse single-stock ETFs that allow investors to profit on either downward movements in the underlying stock or maximize upward movements. They avoid many of the problems and complications associated with trading options directly and, critically, they can be bought and sold right from a brokerage account in the same way you would the underlying stock.

Apple

Direxion Daily AAPL Bull 1.5X Shares AAPU – The fund seeks daily investment results, before fees and expenses, of 150% of the daily performance of the common stock of Apple AAPL.

Direxion Daily AAPL Bear 1X Shares AAPD – The fund seeks daily investment results, before fees and expenses, of 100% of the inverse (or opposite) of the daily performance of Apple AAPL.

Amazon

Direxion Daily AMZN Bull 1.5X Shares AMZU – The fund seeks daily investment results, before fees and expenses, of 150% of the daily performance of the common stock of Amazon AMZN.

Direxion Daily AMZN Bear 1X Shares AMZD – The fund seeks daily investment results, before fees and expenses, of 100% of the inverse (or opposite) of the daily performance of Amazon AMZN.

Google

Direxion Daily GOOGL Bull 1.5X Shares GGLL – The fund seeks daily investment results, before fees and expenses, of 150% of the daily performance of the common stock of Alphabet GOOGL.

Direxion Daily GOOGL Bear 1X Shares GGLS seeks daily investment results, before fees and expenses, of 100% of the inverse (or opposite) of the daily performance of Alphabet GOOGL.

Microsoft

Direxion Daily MSFT Bull 1.5X Shares MSFU – The fund seeks daily investment results, before fees and expenses, of 150% of the daily performance of the common stock of Microsoft MSFT.

Direxion Daily MSFT Bear 1X Shares MSFD seeks daily investment results, before fees and expenses, of 100% of the inverse (or opposite) of the daily performance of Microsoft MSFT.

Nvidia

Direxion Daily NVDA Bull 1.5X Shares NVDU – The fund seeks daily investment results, before fees and expenses, of 150% of the daily performance of the common stock of Nvidia NVDA.

Direxion Daily NVDA Bear 1X Shares NVDD seeks daily investment results, before fees and expenses, of 100% of the inverse (or opposite) of the daily performance of Nvidia NVDA.

Tesla

Direxion Daily TSLA Bull 1.5X Shares TSLL – The fund seeks daily investment results, before fees and expenses, of 150% of the daily performance of the common stock of Tesla TSLA.

Direxion Daily TSLA Bear 1X Shares TSLS seeks daily investment results, before fees and expenses, of 100% of the inverse (or opposite) of the daily performance of Tesla TSLA.

Feature photo by Somruthai Keawjan on Unsplash.