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Direxion Daily Semiconductor 3x Bear ETF (SOXS)

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  • Jan. 14, 2014, 5:42 PM
  • Dec. 17, 2013, 2:57 PM
  • Dec. 12, 2013, 2:58 PM
  • Oct. 23, 2013, 10:19 AM
  • Oct. 18, 2013, 12:35 PM
  • Oct. 4, 2013, 6:25 PM
  • Aug. 13, 2013, 6:03 PM
    | 1 Comment
  • Jul. 25, 2013, 4:46 PM
    Direxion sets splits on 9 of its leveraged funds after big moves made the shares too expensive or (more frequently) sent them too close to $0. The Gold Miners Bull 3x ETF (NUGT) is up for its 2nd reverse split of the year, 1:10 this time after going 1:5 in April Other reverse splits: S&P 500 Bear 3x (SPXS) 1:5, India Bull 3x (INDL) 1:4, Real Estate Bear 3x (DRV) 1:4, Semiconductor Bear 3x (SOXS) 1:4, Developed Markets Bear 3x (DPK) 1:4, Natural Gas Related Bear 3x (GASX) 1:4. Regular splits: Gold Miners Bear 3x (DUST) 2:1, Healthcare Bull 3x (CURE) 2:1.
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  • Jul. 8, 2013, 1:24 PM
    Chip stocks underperform (SOXX -1.8%) thanks to an Intel downgrade, negative PC commentary, and worries about Samsung's light profit forecast. Citi's Glen Yeung, who just cut his Intel estimates and pulled Qualcomm (QCOM -1.7%) from his firm's Top Picks Live list, notes smartphone penetration in developed markets (where high-end sales are concentrated) has hit 75%, and frets about a "lack of new, innovative features" in high-end phones. SWKS -3.4%. MRVL -2.9%. SMTC -3%. AVGO -3.1%. ADNC -4.3%. SNDK -2.4%. TQNT -2.4%. ATML -2.5%. TSM -3.2%. Chip ETFs: SMH, XSD, PSI, SOXL, USD, SOXS, SSG. (SIA sales data)
    | 3 Comments
  • Jul. 1, 2013, 6:46 PM
    Global chip sales rose 3.4% M/M in May, per the SIA's latest data. On a 3-month rolling average basis, they rose 4.6% M/M but just 1.3% Y/Y. Analysts are generally pleased. Though Evercore still expects a weak 2H, JPMorgan (6% 2013 growth forecast) notes sales are picking up following a weak Q1; Wedbush thinks both the data and its own checks suggest a chip recovery "continues at a healthy and steady pace;" and Wells Fargo (8%-10% 2013 forecast) likes the fact IC sales rose 6% Y/Y. Wells adds the ratio of chip equipment sales to IC sales remains low at 14%, which suggests equipment orders will eventually pick up. Chip equipment makers: AMAT, KLAC, LRCX, ASML, UTEK, RTEC. (Gartner)
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  • Jun. 4, 2013, 12:05 PM
    Chip stocks outperform (SOXX +1.4%) after Microchip raises its June quarter guidance, and STMicroelectronics raises its 2013 guidance. Microchip rivals Texas Instruments (TXN +2.6%), Atmel (ATML +3.4%), and Freescale (FSL +2.1%) are among the winners, as is STMicroelectronics rival NXP (NXPI +3.6%). Also, Altera (ALTR +2.5%) is rallying with the help of an upgrade to Buy from Argus, and Intersil (ISIL +2.4%) is benefiting from a bullish coverage launch from Piper. Some chip ETFs: SMH, XSD, PSI, SOXL, USD, SOXS, SSG.
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  • May 30, 2013, 4:02 PM
    Chip stocks close with solid gains (SOXX +1.5%) after Avago beats April quarter estimates and makes encouraging comments about mobile, industrial, and enterprise networking demand. In addition to Avago's rivals and Cirrus Logic (previous), big winners include Fairchild (FCS +3.8%), SanDisk (SNDK +2.7%), Spreadtrum (SPRD +7.2%), and InvenSense (INVN +4.9%), as well as touchscreen controller suppliers Synaptics (SYNA +4.3%), Atmel (ATML +6.3%), and Cypress (CY +2.8%).
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  • May 6, 2013, 2:05 PM
    Global chip sales rose 0.9% Y/Y in March, the SIA estimates. That's down slightly from Feb.'s 1.4% Y/Y growth, as PC and (to a lesser extent) IT hardware weakness offset smartphone/tablet strength. Sales were also up 0.9% Y/Y for the whole of Q1.
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  • Apr. 25, 2013, 8:28 PM
    Samsung Electronics (SSNLF.PK) says its Q1 profit rose 42% to a record high on strong smartphone sales. Net profit rose to a record KRW7.15T ($6.4B), up from KRW5.05T a year earlier. Operating profit rose 54% to KRW8.8T from KRW5.7T. Sales rose 16.8% to KRW52.9T from KRW45.3T, coming in in line with the company's guidance of KRW51T to KRW53T. The results stand in stark contrast those of Apple (AAPL), which earlier this week reported its first profit drop in a decade and forecast margins to decline in the current quarter ending in June.
    | 95 Comments
  • Apr. 24, 2013, 12:28 PM
    Are wireless chip stocks decoupling from Apple? Even with Apple off slightly as bleak June quarter guidance outweighs fresh capital returns, iPhone/iPad combo chip supplier Broadcom (BRCM +6.6%) is surging thanks to a Q1 beat and strong Q2 guidance, and is helping out some peers - QCOM +1.4%, SWKS +2.6%, INVN +1.8%, SNDK +1%. During its earnings call, Broadcom, which also provides combo chips for many Samsung phones, stated mobile chip sales only fell 1.6% Q/Q in seasonally weak Q1, and forecast sequential growth for the business (Apple-dependent Cirrus Logic sure isn't doing the same). Qualcomm reports after the close.
    | 4 Comments
  • Apr. 17, 2013, 12:26 PM
    Chip stocks have a rough day (SOXX -2.8%) following Cirrus Logic's warning, light guidance from Linear Technology (LLTC -4.6%) to go with a Q1 beat - Linear sees 1%-4% Q/Q revenue growth for calendar Q2, below a 4.7% consensus - and ho-hum Q1 results/Q2 guidance from Intel. Apple suppliers Broadcom (BRCM -4%), Avago (AVGO -5.5%), STMicroelectronics (STM -6.7%), NXP (NXPI -7%), RF Micro (RFMD -2.8%), and OmniVision (OVTI -3.3%) are among the casualties, but they're far from alone. ANAD -6.2%. STM -5.7%. FSL -5%. ADI -4.5%. TXN -4.4%.
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SOXS Description
The Direxion Daily Semiconductor Bear 3x Shares seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the price performance of the PHLX Semiconductor Sector Index ("Semiconductor Index"). There is no guarantee the fund will meet its stated investment objective.
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Sector: Technology
Country: United States
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