Why Direxion Daily Semiconductor Bull 3X ETF Just Popped
Here are 3 great reasons why the SOXL is running with the bulls today.
Overview
The Direxion Daily Semiconductor Bull 3X Shares ETF (NYSEMKT: SOXL) jumped 12.2% through 11:20 a.m. ET Monday, and for three big reasons: Micron (NASDAQ: MU), Advanced Micro Devices (NASDAQ: AMD), and Intel (NASDAQ: INTC).
Image source: Getty Images.
Together, these three stocks account for four of SOXL's largest holdings -- about 21% of its total market cap. Let's take them one at a time.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.