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Sector Pick of the Day: Direxion Daily Financial Bull ETF (FAS)The Oxen Group • Mon, Oct 18, 2010 -
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Using Options to Control the Risks of Leveraged ETFsBill Luby • Thu, May 28, 2009 -
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There are no Transcripts on FAS.
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at MarketWatch.com (Oct 28, 2011)
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at MarketWatch.com (Sep 22, 2011)
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at CNBC.com (Sep 19, 2011)
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at MarketWatch.com (Aug 18, 2011)
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at CNBC.com (May 12, 2010)
FAS vs. ETF Alternatives
FAS Description
The Financial Bull 3X Shares seeks daily investment results, before fees and expenses, of 300% of the price performance of the Russell 1000® Financial Services Index ("Financial Index"). There is no guarantee the fund will meet its stated investment objective.
See more details on sponsor's website
See more details on sponsor's website
Sector: Financial
Country: United States
Key Info
- In Your Portfolio: Financial Sector ETFs
- Asset Class Performance: Sectors
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Wednesday, January 9, 8:25 AM Among Doug Kass' 15 surprises for 2013 will be new Senator Elizabeth Warren spearheading the introduction of a financial transaction tax. Combined with weak capital markets, reduced M&A activity, and narrow net interest margins, its makes the XLF and GS sells. 10 Comments [Quick Ideas, Financials]
- Sunday, January 6, 9:55 PM Some will call it a back down, some a bow to reality, but the Basel committee approves a far easier liquidity rule for banks than had been proposed 2 years ago. Lenders will be allowed a wider range of assets that qualify as capital buffers, a lower assumed rate of fund outflows in a crisis, and be given until 2019 (rather than 2015) to implement the new regime. 15 Comments [Financials]
- Friday, January 4, 10:47 AM Big-cap bank bulls worried about a little too much love being shown for the hot sector may take comfort from an Atlantic cover and story entitled "What's Inside America's Banks?" It rehashes worries about the opaqueness of bank balance sheets and seems to draw quite a bit from a frustrated Bill Ackman who unloaded his Citigroup stake at a big loss right around the bottom last summer. 12 Comments [Financials]
- Thursday, January 3, 1:36 PM Finally having gotten the message, regulators are expected to lighten up on the banks with the release Sunday of Basel's new liquidity coverage ratio. Working pro-cyclically, regulators for years have been forcing banks to raise liquidity and capital just at the time when they should be encouraged to shovel funds out the door. The coming rule is expected to give lenders extra years to meet the new standard. 2 Comments [Financials]
- Wednesday, January 2, 12:12 PM "Time is running out" for bank managements to prove their low stock valuations are only short-term, says Mike Mayo. He again suggests breaking up the big banks will improve their stock prices, citing surging price-to-book values following the introduction of Glass-Steagall in 1933. 8 Comments [Financials]
- Friday, December 28, 2012, 7:12 AM Any hopes the banks had of stalling new Dodd-Frank rules apparently ended with the "London whale" losses which reminded lawmakers and regulators of why they were so up in arms in the first place. Notable was OCC Chief Counsel Julie Williams' departure from her job shortly after waving off the JPMorgan incident as just the cost of doing business. 2 Comments [Financials]
- Thursday, December 20, 2012, 3:39 PM A proposed new accounting rule could force bank loan-loss reserves to be increased by 50%, says FASB head Leslie Seidman, after taking comment from lenders. Even though it could be years before the rule takes effect, profits could begin taking a hit right away as banks stop cutting loss reserves in anticipation. 10 Comments [Financials]
- Tuesday, December 18, 2012, 3:33 PM There's more clarity on financials today than at any point in the past 5 years, says Meredith Whitney, taking to CNBC to talk about her upgrade of several in the sector yesterday. Going into 2012, investors weren't giving Bank of America (BAC) much credit, she says, giving it plenty now by upgrading after a doubling in price this year (she sees another 35% upside). 14 Comments [Financials]
- Monday, December 17, 2012, 6:50 PM Financials add to the regular session's big gains as Meredeth Whitney gets bullish on the sector, particularly Bank of America, Citigroup, and Discover. The catalyst for the group will be the March release of the Fed's stress tests showing them adequately capitalized, paving the way for more share repurchases and dividend bumps. BAC +2.1%, C +0.5%, DFS +2.3%, XLF +0.4% AH. 8 Comments [Financials, On the Move]
- Monday, December 17, 2012, 1:10 PM Leading the market higher are the financials - WFC +3.3%, BAC +3%, PNC +3.3%, to name a few. At a 52-week high of $10.90, Bank of America is poised to take out $11 for the first time in 18 months. Up 1.7% today, the XLF +25.3% YTD. 2 Comments [Financials]
- Friday, December 14, 2012, 3:22 PM Bank of America is reiterated a Buy by JPMorgan's Vivek Juneja, with price target raised to $13 from $11.50. No Dick Bove, Juneja makes the move even as he cuts price targets on 6 of the other 8 big cap banks he follows. Of the 9, just BAC, C, and KEY still trade at discounts to their tangible book value. 7 Comments [Financials, Quick Ideas]
- Wednesday, December 5, 2012, 9:44 AM Bank of America (BAC +2.2%) takes out a new 52-week high, rising on back of the Citigroup's plan to cut 11K jobs. Citi will take a $1B charge in Q4, but save more than $2B over two years - a pretty nice return on investment. The XLF +0.7%. 11 Comments [Financials, On the Move]
- Tuesday, December 4, 2012, 12:38 PM Bank profits reached a 6-year high of $37.6B in Q3, according to the FDIC, but for the first time since the crisis, the better earnings were more about operations and less about reduced loan-loss reserves (chart). 5 Comments [Financials]
- Wednesday, November 28, 2012, 1:57 PM The pendulum continues to swing towards too much capital for banks as the Fed considers forcing U.S. units of foreign lenders to house the businesses in regulated holding companies. It makes sense from the Fed point of view - the U.S. unit of, say, Barclays, could be more easily wound down in a crisis. For the banks, it's another hit to ROE. Comment! [Financials]
- Thursday, November 15, 2012, 4:45 PM More on Fed stress tests: The previously discussed conditions are what's known as the "Severely Adverse Scenario." There's also the "Adverse Scenario" and the "Baseline." The 19 largest banks under review are far better capitalized than 3 years ago, carrying nearly double the buffer (on roughly the same asset base). It looks like more returns of capital are coming. 5 Comments [Financials]
- Thursday, November 15, 2012, 4:20 PM Fed stress tests on the banks will require lenders to show they can withstand a recession in which unemployment rises more than 400 bps, GDP declines 5%, equity prices fall more than 50% (along with the VIX jumping 70%), and residential and commercial property values fall more than 20%. It sounds harsh, but it's still not as bad as what happened from 2007-09. Capital plans are due on Jan. 7. 9 Comments [Financials]
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Ned Edward
No one is rumoring LTRO3 today... I'm guessing Democratic Left will join coalitition at the last second. long FAS calls - View all 0 replies
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freefdawatchlist
http://stks.co/3no4 China Rate Cut will boost stock market but Greece will keep market in check. $TVIX $GLD $VXX $UVXY $AAPL $TZA $FAS $FXE - View all 0 replies
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Robin Heiderscheit: doubt it will see 95 today although it came close this a.m.
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LATEST REPLIES
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O. Young Kwon
Sold Direxion Daily Finan. Bull 3x shs (FAS), taking a 2.9% profit (daytrading) by my intraday 5%+ gain rule yk - View all 4 replies
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JCH57: So I was wrong, no top. Still, a great trade. Props for your disciplined investing strategy, and thanks for sharing your research with us. -
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O. Young Kwon
Pre-mkt, bought Direxion Daily Finan. Bull 3x shs (FAS), A high odds to up because it's at a lower bond of the trade range <c> - View all 1 replies
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Native Texan
$SPX staying atop the 50 sma, presently @ 1215, which is above the 100 sma @1213. Good enough for me hold FAS. XLF now +0.24% - View all 0 replies
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JCH57: That is rather odd. Makes me wonder what is the real story underlying today's selloff. Euro issues usually mean financial worries.
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Native Texan: Exactly, I pointed this out earlier (as did you) S&P -1.18%, XLF -0.24% ... Financials lead down and they lead up, most of the time.
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TonyNed: 5 min MACD extremely oversold. Need to consolidate before going higher. -
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Native Texan
There's got to be a healine out there folks, somebody find out and report back -- Order coming from Gen. FAS! - View all 0 replies
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Native Texan
I hope you guys had your stops in place. We got our FT Grenade, tactical nukes deployed and yes, I'm still in FAS, muahahahahah! - View all 0 replies
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Rocket Robin: USDCAN was 1.05 Friday before Thanksgiving, we were at par before open today, and now at 1.0208. Be sure it wont stay there.
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Rocket Robin: Nah .. I follow currency and commodities a lot. 5% of assets on a FAS or FAZ position isn't much.
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Native Texan: Boat, watching the 1 min candles on everything I follow, I see those spikes often. They usually precede a move in direction of the "arrow"..
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