📈 Single Stock ETFs: Doubling Down on Success in 2024 🚀

Happy Monday, Bullseye Traders! 

📈 Traders are on a rollercoaster ride chasing those quick gains! In Q1 2024, US single-stock ETF investments skyrocketed to $7.1B, doubling up faster than a caffeine-addicted day trader. Just ask GraniteShares 2x Long NVDA Daily ETF ($NVDL), strutting its stuff with returns that make Nvidia ($NVDA) look like it's stuck in slow-mo.

Leveraged funds, the financial equivalent of playing with fire, have been lighting up the market since getting the green light in 2022. But remember, what goes up must come down, especially when you're playing with financial fireworks.

💰💥 Only four ETFs have reached the elusive $100M club, featuring the likes of Nvidia, Coinbase ($COIN), AMD ($AMD), and Tesla ($TSLA). It’s like the A-listers of the stock market throwing a lavish party, and everyone’s scrambling for an invite.

But beware the dark side of the moon 🌚: Leveraged ETFs thrive in the sunshine, but when the clouds roll in, losses pour down like cats and dogs. Take the T-REX 2X Long Tesla Daily Target ETF ($TSLT), plummeting nearly 60% this year, doubling Tesla’s woes faster than you can say "volatile market." And don't forget the fee—1.15% to watch your investments take a nosedive. As VettaFi’s Todd Rosenbluth wisely quips, “This is speculative investing like a high-stakes poker game, but with higher stakes” (WSJ).

SHAKERS AND MOVERS

Novavax, Victoria’s Secret, & Cheesecake Factory

NVAX (+99%): Novavax just made the ultimate vaccine cocktail with Sanofi, stirring up profits and immunity alike. It’s the biotech buzz of the year. (CNBC)

SG (+34%): Sweetgreen is serving up success faster than you can say "kale salad." Wall Street’s palate is delighted with their earnings surprise, making them the talk of the restaurant town. (IBD)

VSCO (+5%): Victoria’s Secret is strutting its stuff with some spicy earnings, leaving investors feeling lacy and luxurious. Looks like their secrets are out, and they’re all good news. (Investing.com)

NTRA (+10%): Natera's cash flow is in the genetic code of success now. Their cancer-detecting tests are not only saving lives but also making some serious green. (IBD)

CAKE (+4%): Cheesecake Factory just got a sweet upgrade from Citi, going from Hold to Buy like a slice of their famous desserts disappearing. It seems like the risk is as thin as their crust now. (SA)

STREET SCOOPS: The Buzz Around Town

CNBC: American consumer sentiment took a nosedive to its lowest point in half a year, pointing fingers at the usual suspects: inflation, interest rates, and the boogeyman of rising unemployment.

WSJ: Elon Musk, ever the electric spark, pledges $500 million to amp up Tesla's charging network amidst a storm of layoffs.

Fortune: The Biden administration's tariff saga reads like a strategic chess match with China, targeting key sectors like EVs, batteries, and solar cells.

WSJ: Ford taps into electric vibes, snagging former Lucid Group CFO Sherry House as its own financial maestro amid lukewarm EV demand.

WP: Biden's $7.5 billion bet on EV charging seems to be stuck in neutral, yielding a mere 7 charging stations over a sluggish two-year span.

Hey guys, we’ve been on a hot streak and our last swing pick generated ALMOST 4+% 🔥 

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