Employees of FAS component Goldman Sachs (GS) enjoying a coffee break (credit: Goldman Sachs)
Portfolio Armor's Current Top Name: FAS
Portfolio Armor's universe includes every security with options traded on it in the U.S., so it includes exchange traded products such as Direxion Daily Financial Bull 3x Shares ETF (FAS). Every trading day, after conducting a couple of preliminary screens to weed out the worst names, Portfolio Armor ranks the remaining securities by its estimate of their potential returns, net of hedging cost, over the next six months.
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