Direxion Shares ETF Trust - Direxion Daily Communication Services Index Bull 3X Shares

The Direxion Daily Communication Services Index Bull 3x Shares provides 3x inverse exposure to a market-cap-weighted index of US large-cap companies in the telecommunications industry.

The communications sector is feeding off the latest innovation in facilitating interaction among humans despite the challenges of Covid-19. This is fueling communications-focused exchange-traded funds (ETFs) as of late.

Communications ETFs Are the “TAWK” of the Town

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The solid fundamentals and a soaring stock market have resulted in huge demand for leveraged ETFs.

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Earnings season rolls along this week with more marquee growth names delivering results, including some big names from the communications services sector.

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With social distancing and lockdown measures still in place within certain parts of the globe, the communications sector can continue to see strength with the reliance on technology like Zoom to facilitate interaction. This could give traders an opportunity to boost the Direxion Daily Communication Services Index Bull 3X Shares (NYSEARCA: TAWK) ETF.

Communications Sector Strength is Something to “TAWK” About

“Media” is a fairly all-encompassing term now, both on Main Street and Wall Street.

TAWK: Media Is The Message

A lot of market analysts were touting the safety of the communications sector during the coronavirus sell-off and their optimism was warranted given that social distancing laws would increase the need for remote interaction. Were there too much exuberance for the sector?

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Zoom Video Communications is giving investors something to talk about–as long as they’re maintaining a distance of six feet per social distancing standards and practices amid this coronavirus madness that’s infecting the capital markets. That said, it’s companies like Zoom that have been unflappable during this panic-selling.

Zoom Continues to be Unflappable During Coronavirus Panic

In Thursday’s trading session, Zoom Communications was the proverbial comeback kid after it reversed losses to gain more than 9% after the company reported better-than-expected earnings in the fourth quarter. If the rest of the communications sector can follow even amid the coronavirus concerns, it can help boost those sector-focused ETFs.

Zoom Communications Q4 Earnings Could Help Boost “TAWK” ETF

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U.S. stocks continued their spectacular run to start the New Year. We highlighted eight leveraged equity ETFs that piled up double-digits gain to start 2020.

News for Direxion Shares ETF Trust - Direxion Daily Communication Services Index Bull 3X Shares ETF (TAWK)