LongPoint Asset Management is launching three new double-leveraged ETFs on the Toronto Stock Exchange, offering 2X long exposure to Advanced Micro Devices (AMD), Micron Technology, and SpaceX. These ETFs, trading in Canadian dollars, aim to provide amplified daily returns based on the performance of each company’s stock, catering to sophisticated investors seeking tactical, short-term trading opportunities. The launch expands LongPoint's unique suite of leveraged single-stock ETFs in Canada, highlighting growing investor interest in high-leverage products tied to popular tech and space companies. Investors should note these ETFs are highly speculative, intended for active management, and carry significant risk due to leverage and concentration in single stocks.
Asian semiconductor stocks experienced a significant decline following a sell-off in US chipmakers, with SK Hynix shares dropping over 9% in Seoul after an earlier 8% rally. The sell-off reflects concerns over AI spending and profit-taking after a st...
The FTSE 100 index fell slightly, dragged down by mining stocks reacting to China's slower GDP growth of 4.3% in Q2, its weakest in three years. Despite this, oil prices remained steady amid US-Iran tensions. PayPal shares jumped over 14% following r...
TappAlpha introduced the TappAlpha Cboe Magnificent 10 Growth & Daily Income ETF (TMGN), which offers exposure to the Cboe Magnificent 10 Index featuring leading tech companies like Nvidia, Microsoft, and Apple. This ETF applies TappAlpha's options-b...
In Q2 2026, AMD's stock surged 182.4%, driven by growth in AI workloads linked to large language models. CrowdStrike also saw strong gains of 95.6% due to a positive shift in the AI investment narrative. Conversely, Netflix's stock declined after bea...
The ERShares Private-Public Crossover ETF (XOVR) holds nearly 23% of its portfolio in SpaceX, providing direct pre-IPO exposure to investors. In contrast, the ARK Innovation ETF (ARKK) does not hold SpaceX shares but invests in public disruptive tech...
