SOXS News and Press, Direxion Daily Semiconductor Bear 3x Shares From 05/12/22

We rate ON Semiconductor as a strong buy due to its solid and growing position in the automotive and industrial power IC markets. We expect growth in power IC and the automotive markets to easily outpace growth in the analog market over the next 2-3 years. We believe ON's bottom l...

AMD’s Data Center business is booming. Revenues and gross margins continued to soar in the last quarter. AMD just added $4.8B to its guidance for FY 2022. The Xilinx acquisition, new processor launches and server market share gains could result in another year of revenu...

GlobalFoundries has enjoyed double-digit revenue growth due to high demand amid a low supply of the less advanced chips. Comparison with Taiwanese UMC shows that subsidies through the CHIPS act can improve the company's gross margins, with GFS having the ability to add capacity faster...

Leveraged ETFs behavior may not be what you expect. A drift dashboard with 22 leveraged ETFs. Historical drift of SPXU since inception…and beyond. Besides drift, inflation rate is a negative bias for inverse leveraged ETFs. For furthe...

Global semiconductor sales rose 1.1% M/M in March to $50.6B, according to new data from the Semiconductor Industry Association. Q1 sales totaled $151.7B, an increase of 23.0% over the first quarter of 2021, but 0.5% less than the fourth quarter of 2021. SIA represents 99% ...

Qualcomm restored semiconductor investors' confidence with an impressive double beat on its FQ2'22 earnings card. It also issued robust guidance. The company's diversification strategy is progressing well. In addition, its durable growth profile assuaged investors' concerns over poten...

Semiconductor exchange traded funds have dropped like a stone in 2022 but that has not stopped the investment community from pouring billions of net new capital into the market segment. According to Bloomberg data, semiconductor ETFs have amassed $6.8B of investor inflows since the start of t...

Gainers: Semiconductor Bear 3X Direxion (SOXS) +24%. Ultra Bloomberg Natural Gas ETF (BOIL) +22%. Simplify Interest Rate Hedge ETF (PFIX) +18%. 20+ Year Trsy Bear 3X Direxion (TMV) +18%. Ultrapro Short 20 Year Treasury ETF (TTT) +18%. Losers: Semiconductor Bull 3X Direxion (SOXL) -22%. Ultras...

Leveraged ETFs have a non-linear behavior. A drift dashboard with 22 leveraged ETFs. Some historical data on SPXS. Inflation is bad for short sellers and inverse ETFs' shareholders. For further details see: SPXS: Beware Of Negative Drift And Inflation Bias

Gainers: Microsectors -3X U.S. Big Banks ETN (BNKD) +21%. Real Estate Bull 3X Direxion (DRN) +14%. Semiconductor Bear 3X Direxion (SOXS) +13%. S&P Biotech Bull 3X Direxion (LABU) +12%. Utilities Bull 3X Direxion (UTSL) +11%. Losers: Microsectors 3X U.S. Big Banks ETN (BNKU) -18%. ETFMG Da...