MOON News and Press, Direxion Moonshot Innovators From 07/22/23

2023-07-22 01:15:00 ET Summary We noted in one of our recent commentaries that the very narrow leadership of a small number of mega cap tech stocks seemed to be broadening out to other corners of the market. It’s a good time to revisit this idea, partly because earnings rep...

2023-07-10 11:30:00 ET Summary Higher expected corporate earnings mask broad pressure under the surface. We see more earnings pain ahead and look for opportunities at the sector level. U.S. Treasury yields surged and stocks dipped last week. Data confirmed the U.S. labor market is...

2023-07-10 05:30:00 ET Summary Financial and tech sectors face weak comparisons from late 2022, while the energy sector faces stronger comparisons and good growth from late 2022. The 'pandemic' influence will ripple through the S&P 500 numbers through the end of 2023. Fina...

2023-07-10 04:36:00 ET Summary The forward 4-quarter estimate (FFQE) saw its quarterly bump this week, with the FFQE jumping to $230.26 from last week’s $224.01. Financials always lead off earnings season, and Q2 ’23 will be no exception, with the larger-cap financia...

2023-06-29 21:10:00 ET Summary There are some companies putting “AI” in their names, but it is not yet a huge number and they have real business reasons for doing so. Naturally, investors will look to track measures like the intensity with which firms are using AI or...

2023-06-26 16:59:07 ET Summary The Direxion Moonshot Innovators ETF claims to provide exposure to the 50 most innovative companies in the S&P 500, but its methodology of counting keywords and calculating R&D expenses relative to revenues may not accurately capture true innovat...

2023-06-25 00:14:09 ET Direxion Moonshot Innovators ETF ( MOON ) - $0.0149 . Payable Jun 28; for shareholders of record Jun 23; ex-div Jun 22. For further details see: Direxion Moonshot Innovators ETF declares distribution of $0.0149

2023-06-24 05:36:00 ET Summary The S&P 500 has been climbing higher in recent weeks, thanks almost entirely to surging mega-cap stocks that are riding the ripple effects of AI hysteria. The S&P 500 has been on an impressive run, rising approximately 13% this year. However,...

2023-06-23 23:35:00 ET Summary The performance of tech and other growth-related stocks has indeed been impressive this year. he Russell 1000 Growth index, as of the June 22 close, was up around 26.4 percent since January 1, while its counterpart the Russell 1000 Value index was up...

2023-06-21 13:30:00 ET Summary What gives us confidence in a 2H23 tech recovery. 1Q23 earnings takeaways: hardware bottomed, software to follow. As we get into 2H23, comps get significantly easier. What gives us confidence in a 2H recovery A downturn follows a ty...