Apple (AAPL) and Tesla (TSLA) single stock ETFs give traders magnified or inverse exposure to the daily performance of Apple and Tesla, says Dave Mazza. He discusses trading Apple (AAPL) and Tesla (TSLA) with single stock ETFs Direxion Daily AAPL Bull 1.5X Shares (AAPU) and Direxion Daily TSLA Bull 1.5X Shares (TSLL). He says that these ETFs are meant to be used for short-term trading purposes. He also notes that leveraged single stock ETFs should not be viewed as buy and hold investments. He then goes over the differences between single stock and traditional ETFs.
18 Nov 2022