LABU stock price dipped to $36.72 on profit-taking, yet underlying biotech fundamentals remain intact. Historical price analysis suggests this level acts as interim support for aggressive traders. U.S. stocks rallied in February, with the S&P 500 and the Nasdaq Composite Index recording the best month in nearly a decade. Meanwhile, the Dow Jones Industrial Average logged a four-month winning streak for the first time since May 2021. For the month, the Nasdaq gained 6.1%, while the S&P 500 added 5.2%. The Dow Jones was up 2.1%. Here, we highlight a bunch of the best-performing leveraged equity ETFs from different corners of the market that are leaders in their segments. These include MAX Auto Industry 3X Leveraged ETN CARU, ProShares Ultra Semiconductors USD, Direxion Daily S&P Biotech Bull 3x Shares LABU, Direxion Daily Retail Bull 3X Shares RETL and Direxion Daily Homebuilders & Supplies Bull 3X Shares NAIL. These funds will continue to be investors’ darlings, at least in the near term, provided the sentiments remain bullish. The prospects of significant earnings growth, as well as the artificial intelligence boom, led to a strong rally during the month. With 97% of the S&P 500 reporting earnings for the fourth quarter, year-over-year earnings growth is expected to be 4%, per new FactSet data. This marks the second consecutive quarter of earnings growth for the index (read: 5 ETFs at All-Time Highs as S&P 500 Rally Continues). Consumer discretionary was the top-performing sector of February, driven by the wide-ranging appeal of stocks geared toward consumer services. Industrials was the second-best-performing sector, with nearly half of its components in the S&P 500 hitting all-time highs. The addition of Uber Technologies UBER, which replaced JetBlue JBLU in the Dow Jones Transportation Average, buoys the sector's performance. In particular, Walmart WMT injected strong optimism after reporting solid earnings, boosting its annual dividend and unveiling the $2.3 billion takeover of smart TV maker Vizio VZIO. This was followed by Nvidia’s NVDA blockbuster results, which not only showcased the company’s robust position in the AI chip market but also signaled promising prospects for the semiconductor industry in 2025 and beyond (read: Nvidia Drives AI and Semiconductor Stocks: ETFs to Gain). In the latest data, consumer prices increased at their slowest rate in nearly three years, according to the Federal Reserve’s preferred measure of inflation. Another major achievement in the last month was Bitcoin’s biggest monthly gain since December 2020. Bitcoin gained 45% to reach $62,000 amid surging optimism. Demand for the token is widening beyond committed digital-asset enthusiasts. Tomi isn't alone. Data and anecdotal evidence shows just how much Labubus are taking off in the U.S. — in turn providing a boon for shares of Pop Mart , its China-based parent, and boosting interest in the collectable company's other products. LABU stock price posted a 4.2% weekly gain, driven by biotech index strength and positive sentiment on breakthrough therapies. Option traders have increased bullish call positions, anticipating a possible test of the $40 level next month.
