Wall Street was bullish last week, with the S&P 500 posting the biggest weekly gain since July as stocks rallied in earnings. The Dow Jones (up 1.58%) and the Nasdaq (up 2.18%) were also notable gainers last week.
Oil prices rebounded last week, with LP United States Petroleum Fund USO adding about 1.8%. Oil prices have crossed the $ 80 per barrel mark amid the current global energy crisis. Retail sales in the United States unexpectedly rose 0.7% sequentially in September 2021, following a revised upward 0.9% increase in August, beating market expectations of a 0% drop. , 2%, a sign of the resilience of consumers.
No wonder stocks remained bullish over the week. The benchmark US Treasury yield started the week at 1.61% while it ended the week at 1.59%. Against this background, below we highlight a few areas of Inverted / Leveraged ETFs that have held up in the last week.
After years of price stagnation, an increase of about 37% in the price of uranium nuclear fuel has helped to re-attract investors to the sector. Funds such as New York-based Ben Melkman’s Light Sky Macro, Anchorage Capital and Tribeca Investment Partners have been positive on the outlook for the commodity as a global energy crisis highlights the role of nuclear power in a transition away from fossil fuels.
ETF Northshore Global Uranium Mining URNM – Up 19.3%
ETF Global X Uranium (URA) – Up 16.6%
Cloud Computing & Cybersecurity
Cloud computing continues to be a hot investment area. It should be noted here that cloud computing and storage have found applications in social networks, messaging applications and streaming services. It has enabled video conferencing, gaming, online shopping, remote project collaboration, online courses, editing, etc. Cloud computing also helps organizations remotely process a lot of information, develop and run key applications and services (read: Cloud Computing ETFs look great: Let’s explore).
Simplifying Volt Cloud and VCLO Cybersecurity Disruption – Up 17.3%
The price of copper has hit an all-time high as soaring electricity prices are likely to reduce supply at a time when stocks on the exchange are at extremely low levels. Copper for December delivery rose sharply for the third consecutive day in the Comex market in New York, reaching $ 4.7810 per pound ($ 10,518 per tonne), the highest since the record reached on May 12, 2021 – scoring a 12% gain for the week.
Global X Copper Miners ETF COPX – Up 12.3%
With the energy crisis taking center stage around the world, the demand for clean energy is expected to be higher in the coming days. In addition, clean energy stocks are relatively undervalued at current levels.
Meanwhile, solar energy stocks have increased over the past two days. The sector has recently experienced a correction due to high commodity prices, especially silicon, which is used in photovoltaic panels. Favorable winds are in the cards thanks to supportive policies and the stabilization of commodity prices, analysts said, as reported on Forbes. Targets for building solar energy infrastructure in China remain optimistic despite soaring raw material costs, the article said.
Solar Invesco ETF TAN – Up 11%
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United States Petroleum ETF (USO): ETF Research Reports
Invesco Solar ETF (TAN): ETF Research Reports
Global X Copper Miners (COPX) ETF: ETF Research Reports
North Shore Global Uranium Mining ETF (URNM): ETF Research Reports
ETF Simplifying Volt Cloud and Cyber Security Disruption (VCLO): ETF Research Reports
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