FNGG News and Press, Direxion Daily Select Large Caps & FANGs From 08/15/22

Lucid's Q2 earnings release initially led to a post-earnings sell-off, but it saw robust buying support. Therefore, we are increasingly confident of its May long-term bottom. We urge investors to look past its near-term challenges as its mid-term milestones remain on schedule. Further...

Lucid cuts its production outlook a second time. The company now expects an annual production volume of only 6-7 thousand electric vehicles, despite surging reservations. Because of logistics and supply challenges, the delay in production will push revenues into the future, which ...

Netflix lost 970,000 subscribers in Q2’22. The subscriber number was significantly better than guidance. However, Netflix is losing subscribers predominantly in high-revenue regions like the U.S., Canada, and Europe, while offsets only come from low-revenue regions like APA...

Snowflake has seen continued growth as operating leverage has come to a standstill. The company has seen shares come under pressure as well, just like the rest of the technology sector. While naturally being appealed to share price declines, I am not yet convinced to pull the trig...

Datadog recently reported a very strong start to the year, with revenue growth of 83% YOY and non-GAAP operating margin of 23%. 2022 guidance was nicely raised above expectations, and with the company's history of beating and raising, more upside could be yet to come. Valuation is...

Direxion Daily Dow Jones Internet Bear 3X Shares ( WEBS ) +184% . MicroSectors FANG & Innovation -3x Inverse Leveraged ETN ( BERZ ) +140% . Collaborative Investment Series Trust - The Short De-SPAC ETF ( SOGU ) +117% . Direxion Daily Semiconductor 3...

Gainers: Direxion Daily S&P Biotech Bull 3x Shares ETF (LABU) +70%. AXS 2X Innovation ETF (TARK) +50%. Direxion Daily Dow Jones Internet Bull 3X Shares (WEBL) +42%. Direxion Daily Select Large Caps & FANGs (FNGG) +40%. ProShares UltraShort Bloomberg Natural Gas (KOLD) +35%. Losers: Di...

Intuit posted strong Q3 results, beating the top and bottom lines and raising full year guidance. Intuit’s stock saw a strong positive reaction to these earnings, although if we zoom out, there’s still a long way to go until ATH. The strong performance was driven by ...

The streaming market will continue to grow with CAGR of 12.5% y/y from 2021 to 2024. We are assured the battle for consumer and their wallets will intensify further in 2022 because of declining consumer saving as percentage of total disposable income and decelerating growth rate. ...

1Q22 results missed almost every Street estimate. 2022 outlook doesn't look particularly encouraging, as e-commerce outperformed by a wide margin in 2021 and 2020. The stock could face further multiple compression in an inflationary environment. For further details see: ...