Direxion Daily S&P 500 Bull 3X Shares (SPXL) — ()

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‘Big Money' turns bullish on stocks. Will that lead the S&P 500 to a ‘melt up'?

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Sentiment: Positive ()

Large, sophisticated investors appear to be embracing the rally in U.S. stocks, after being “risk-wary until very recently,” according to DataTrek Research.

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image for news ‘Big Money' turns bullish on stocks. Will that lead the S&P 500 to a ‘melt up'?
Citi Is the Latest Bank to Get More Bullish on the S&P 500

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Sentiment: Positive ()

Citi analysts lifted their year-end target for the benchmark index to 6,300, implying about a 5% premium to last week's close. They cited "renewed confidence in the AI-related opportunity" and …

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image for news Citi Is the Latest Bank to Get More Bullish on the S&P 500
Robinhood misses out on S&P 500 inclusion, shares fall

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Sentiment: Negative ()

Robinhood Markets Inc (NASDAQ:HOOD) shares fell more than 5% on Monday after the trading platform was not included in the S&P 500 during the index's quarterly rebalancing. Shares of Robinhood …

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image for news Robinhood misses out on S&P 500 inclusion, shares fall
Citi Lifts S&P 500 Estimate as Stocks Eye New Record

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Sentiment: Positive ()

Citigroup analysts lifted their end-of-year target for the S&P 500 to 6300, a 5% increase from Friday's close.

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image for news Citi Lifts S&P 500 Estimate as Stocks Eye New Record
Robinhood Stock Cools Off After S&P 500 Snub

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Sentiment: Negative ()

Robinhood Markets Inc (NASDAQ:HOOD) stock is down 6.5% to trade at $69.95 today, after S&P Dow Jones Indices announced no new inclusions to the benchmark S&P 500 Index (SPX).

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image for news Robinhood Stock Cools Off After S&P 500 Snub
Will Negative S&P 500 Sentiment Continue to Unwind?

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Sentiment: Neutral ()

“Bulls might find frustration in the lack of upside movement the past several sessions, especially after the bullish ‘outside day' on May 19 that has historically produced bullish price action …

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image for news Will Negative S&P 500 Sentiment Continue to Unwind?
Why an S&P 500 close above 6,000 would be an important psychological threshold for investors

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Sentiment: Positive ()

It doesn't have the same ring to it as Dow 10,000 — but a close back above 6,000 for the S&P 500 would do a lot to affirm bulls.

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image for news Why an S&P 500 close above 6,000 would be an important psychological threshold for investors
The S&P 500 Finally Hit 6000. Buyer, Beware.

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Sentiment: Negative ()

The index is having trouble staying above the 6000 level, indicating that not enough has changed in the economic environment to stoke confidence that stocks could soar from here.

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image for news The S&P 500 Finally Hit 6000. Buyer, Beware.
Where is the S&P 500 going from here?

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Sentiment: Neutral ()

CNBC's "Fast Money" traders on Thursday discussed where they think the S&P 500 will end the year at Fast Money Live.

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image for news Where is the S&P 500 going from here?
If a Cruel Summer Is Ahead, Consider This Inverse ETF

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Sentiment: Neutral ()

The dog days of summer don't apply to traders. Seeking profits is an all-season affair.

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image for news If a Cruel Summer Is Ahead, Consider This Inverse ETF
Dollar Tree Stock Is S&P 500's Best Today. It Gets an Upgrade.

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Sentiment: Positive ()

J.P. Morgan analyst Matthew Boss upgrades the stock to Overweight despite tariff fears.

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image for news Dollar Tree Stock Is S&P 500's Best Today. It Gets an Upgrade.
The S&P 500 isn't the only stock market pushing all-time highs. Consider yourself warned.

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Sentiment: Negative ()

Stock markets worldwide are breaking records. That's just when you want to be the most careful.

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image for news The S&P 500 isn't the only stock market pushing all-time highs. Consider yourself warned.
S&P 500 changes are imminent. Robinhood and these other stocks could join the index.

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Sentiment: Neutral ()

AppLovin and Interactive Brokers are among the largest companies by market cap that still aren't in the benchmark index.

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image for news S&P 500 changes are imminent. Robinhood and these other stocks could join the index.
The S&P 500 now has most of what it needs to hit an all-time high

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Sentiment: Positive ()

The S&P 500 index SPX is struggling to move above the downtrend line that connects its February and May highs. If the benchmark can engineer this breakout, that would be …

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image for news The S&P 500 now has most of what it needs to hit an all-time high
Wall Street Isn't Ready to Trust This S&P 500 Rally

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Sentiment: Negative ()

The median call among 17 banks and investment groups is for the index to end the year at 5950 points, 0.3% lower than Wednesday's closing level.

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image for news Wall Street Isn't Ready to Trust This S&P 500 Rally
AppLovin: S&P 500 Game Changer This Friday

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Sentiment: Positive ()

I reiterate my 'Buy' rating on AppLovin, expecting S&P 500 inclusion to be a game-changing catalyst for the stock. Even without S&P inclusion, APP boasts phenomenal growth, strong Q1 FY2025 …

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image for news AppLovin: S&P 500 Game Changer This Friday
Why the S&P 500 Could Hit 6200 Despite a 5% Bond Yield

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Sentiment: Positive ()

The yield on the 10-year Treasury note has been moving largely higher since late April, though it fell on Wednesday.

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image for news Why the S&P 500 Could Hit 6200 Despite a 5% Bond Yield
AppLovin, Robinhood, and Others Could Be Added to the S&P 500 Friday

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Sentiment: Positive ()

Stocks can rise on news of addition to the S&P 500 and in the run-up to inclusion.

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image for news AppLovin, Robinhood, and Others Could Be Added to the S&P 500 Friday
S&P 500 Update: 6100-6200 Is Next

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Sentiment: Negative ()

The rally from the April lows continues to unfold in five waves up and three waves down, which means the next target zone is 6150-6200 before a larger correction can …

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image for news S&P 500 Update: 6100-6200 Is Next
A Premature And Fragile S&P 500 Recovery

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Sentiment: Negative ()

I remain cautious on the S&P 500 due to high valuations, persistent trade policy volatility, and restrictive Fed policy. Recent earnings growth and a precarious tariff truce have fueled the …

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image for news A Premature And Fragile S&P 500 Recovery
President Trump's tariff and economic concerns, Deutsche Bank raises S&P 500 target to 6,550

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Sentiment: Positive ()

Morning Brief anchors Madison Mills and Brad Smith examine the biggest market stories on Tuesday, June 3. Trade anxieties persist on Wall Street as the Trump administration pushes countries for …

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image for news President Trump's tariff and economic concerns, Deutsche Bank raises S&P 500 target to 6,550
JOLTs Job Openings Rise To 7.391 Million; SP500 Tests Session Highs

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Sentiment: Neutral ()

U.S. Dollar Index has also tested session highs after the release of the report.

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image for news JOLTs Job Openings Rise To 7.391 Million; SP500 Tests Session Highs
Deutsche Bank lifts S&P 500 year-end target amid Wall Street upgrade wave

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Sentiment: Positive ()

Deutsche Bank has raised its year-end target for the S&P 500 to 6,550 from 6,150, citing lower tariff-related earnings drag and a resilient economy, in a move that comes amid …

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image for news Deutsche Bank lifts S&P 500 year-end target amid Wall Street upgrade wave
S&P 500 CEOs' compensation in 2024 highlights vast differences from Rick Smith to Tim Cook

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Sentiment: Neutral ()

In 2024, S&P 500 CEOs like Rick Smith and Stephen Schwarzman topped the pay charts, with compensation packages reaching up to $164.53 million.

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image for news S&P 500 CEOs' compensation in 2024 highlights vast differences from Rick Smith to Tim Cook
Wall street veteran sees massive S&P 500 rally ahead

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Sentiment: Positive ()

As Wall Street grows more cautious, this analyst sees the S&P 500 surging over the next six months. Transcript: Brett Ewing: My outlook for the S&P 500 over the next …

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image for news Wall street veteran sees massive S&P 500 rally ahead
Here's why Goldman still sees 10% upside to the S&P 500 even with bond yields rising

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Sentiment: Positive ()

Goldman Sachs took a look at rising bond yields and concluded that they're still not a threat to the S&P 500 this year.

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image for news Here's why Goldman still sees 10% upside to the S&P 500 even with bond yields rising
Earnings Multiples May Compress on S&P 500: 3-Minute MLIV

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Sentiment: Negative ()

Anna Edwards, Guy Johnson, Kriti Gupta and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." For up to the minute market intelligence …

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image for news Earnings Multiples May Compress on S&P 500: 3-Minute MLIV
2 Key Anomalies In The S&P 500 You Need To Track

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Sentiment: Neutral ()

The S&P 500 is priced at 21x fwd earnings, well above the average. Two sectors remain highly attractive: communication services and healthcare.

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image for news 2 Key Anomalies In The S&P 500 You Need To Track
S&P 500:  - Why Bulls Better Lower Expectations, Week Starting 2nd June (Technical Analysis)

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Sentiment: Neutral ()

The month of May delivered a strong +6.15% gain in the S&P 500, but technicals and seasonality suggest June will see a slower, choppier market. Major resistance looms above 6000.

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image for news S&P 500:  - Why Bulls Better Lower Expectations, Week Starting 2nd June (Technical Analysis)
S&P 500 scores best May since 1990, but stocks end month with fresh tariffs worries

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Sentiment: Neutral ()

U.S. stocks roared back in May as global trade tensions eased, but tariff-related developments around the month's end suggest a smooth climb from here may be challenging.

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image for news S&P 500 scores best May since 1990, but stocks end month with fresh tariffs worries

About Direxion Daily S&P 500 Bull 3X Shares SPXL

The Direxion Daily S&P 500 Bull and Bear 3X Shares seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the S&P 500 Index. There is no guarantee the funds will achieve their stated investment objectives.