MicroSectors FANG+ Index 3X Leveraged ETN [FNGU] Stock Forecast

The tech-heavy Nasdaq Composite Index outperformed, gaining 5.8%, while the S&P 500 added just 0.3%. The Dow Jones Industrial Average Index dropped 3.5% for the month.

Two new Breakout Stocks for Week 22 with better than 10% short-term upside, ETF updates and one Dow 30 pick. Average cumulative returns for 2023 are +79.6% YTD. Last week we had peak gains in GLOB +15.9%, RBBN +5.6% and ATEX +5.7%. The Active ETF portfolio continues with YTD gains at +5.64%.

Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

U.S. tech stocks are enjoying their greatest outperformance, relative to the S&P 500, in 97 years. This has resulted in a huge rally for leveraged ETFs, with funds targeting FANG stocks and single stocks more than doubling this year.

Wall Street delivered an upbeat performance last week on debt-ceiling hope.

Wall Street offered a moderate performance last week. On a positive note, there were upbeat big tech earnings and on a negative note, there were renewed regional banking crisis.

Leveraged tech ETFs gained handsomely after hours on Apr 25 due to upbeat releases from Alphabet and Microsoft.

March was a month of sharp bond and stock volatility triggered by the bank crisis. Yet, the major indices ended the month in green.

We highlight a bunch of the best-performing leveraged equity ETFs from different corners of the market that are leaders in their respective segments.

Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.