Editor's note: Any and all references to time frames longer than one trading day are for purposes of market context only, and not recommendations of any holding time frame. Daily rebalancing ETFs are not meant to be held unmonitored for long periods. If you don't have the resources, time or inclination to constantly monitor and manage your positions, leveraged and inverse ETFs are not for you.

Investing in the funds involves a high degree of risk. Unlike traditional ETFs, or even other leveraged and/or inverse ETFs, these leveraged and/or inverse single-stock ETFs track the price of a single stock rather than an index, eliminating the benefits of diversification. Leveraged and inverse ETFs pursue daily leveraged investment objectives, which means they are riskier than alternatives which do not use leverage. They seek daily goals and should not be expected to track the underlying stock’s performance over periods longer than one day. They are not suitable for all investors and should be utilized only by investors who understand leverage risk and who actively manage their investments. The Funds will lose money if the underlying stock’s performance is flat, and it is possible that the Bull Fund will lose money even if the underlying stock’s performance increases, and the Bear Fund will lose money even if the underlying stock’s performance decreases, over a period longer than a single day. Investing in the Funds is not equivalent to investing directly in BA.

The Boeing Company (Ticker: BA) has been on a rollercoaster ride year-to-date. This legacy aerospace name still hasn’t reached the heights seen during its historic bull run prior to COVID, but it continues to offer lucrative short-term trading opportunities. Shares have been dropping since June 9, but can Boeing maintain upward momentum from the April 7 low, or will challenges ground its progress?

Can Boeing Get Back to Its Innovative Roots?

Boeing’s innovations in commercial aviation, defense systems, and space exploration have cemented it as a leader in the aerospace industry. Its 737 MAX, 787 Dreamliner, and defense programs like the F-15EX and MQ-25 Stingray remain central to its portfolio. Additionally, Boeing’s push into sustainable aviation technologies, such as eco-friendly fuels and autonomous systems, signals its commitment to future growth in a rapidly evolving industry.

Boeing’s revenue streams are diverse, spanning commercial airplanes, defense contracts, and services like maintenance and training. The recovery in global air travel demand and increasing defense budgets globally could drive significant revenue growth, supporting BA’s stock price. Partnerships with airlines and governments further bolster its long-term prospects.

From a technical standpoint, bulls will be looking for prices to form a higher-low. If successful, it may reinforce the uptrend that’s been in effect since the April 7 low.

Traders seeking a continued recovery in Boeing may find a position with Direxion’s Daily BA Bull 2X Shares (Ticker: BOEU), which seeks daily investment results, before fees and expenses, of 200% of the performance of The Boeing Company common stock.

Below is a daily chart of BA as of June 19, 2025.

Source: TradingView.com

Candlestick charts display the high and low (the stick) and the open and close price (the body) of a security for a specific period. If the body is filled, it means the close was lower than the open. If the body is empty, it means the close was higher than the open.

The performance data quoted represents past performance. Past performance does not guarantee future results.

Regulatory Risk and Quality Control

Boeing faces significant challenges from regulatory scrutiny and operational risks, including:

• Ongoing concerns about the safety and certification of the 737 MAX,

• Potential FAA investigations could lead to fines, delays, or production constraints.

• A mid-2025 regulatory decision could further impact investor confidence and weigh on the stock price.

Additionally, geopolitical tensions and budget events, such as potential cuts to defense spending, pose risks to Boeing’s government contracts. The current budget discussions in Congress could have a material impact on the company’s defense revenue.

Meanwhile, competitors like Airbus and emerging players in the aerospace sector threaten Boeing’s market share, particularly if they offer more cost-effective, innovative, or safer product solutions.

The next earnings report is scheduled for July 29. If the company disappoints or issues negative guidance around that time, especially surrounding existing contracts, it could lead to some downside action in this name. Fines or other regulatory crackdowns could also be a bearish catalyst for this name.

The other concern here for bulls is the break of the rising trendline on Boeing’s chart. This may signal that the stock may no longer have the same upside momentum, which could give bears an opportunity to capitalize and drag the stock back lower.

In this scenario, Direxion’s Daily BA Bear 1X Shares (Ticker: BOED), which seeks daily investment results, before fees and expenses, of 100% of the inverse performance of the common shares of The Boeing Company could see a bid.

*Definitions and Index Descriptions

An investor should carefully consider a Fund’s investment objective, risks, charges, and expenses before investing. A Fund’s prospectus and summary prospectus contain this and other information about the Direxion Shares. To obtain a Fund’s prospectus and summary prospectus call 866-476-7523 or visit our website at direxion.com. A Fund’s prospectus and summary prospectus should be read carefully before investing.

Direxion Shares Risks – An investment in a Fund involves risk, including the possible loss of principal. Each Fund is non-diversified and includes risks associated with a Fund concentrating its investments in a particular security, industry, sector, or geographic region which can result in increased volatility. A Fund’s investments in derivatives such as futures contracts and swaps may pose risks in addition to, and greater than, those associated with directly investing in securities or other investments, including imperfect correlations with underlying investments or the Fund’s other portfolio holdings, higher price volatility and lack of availability. As a result, the value of an investment in a Fund may change quickly and without warning.

Leverage Risk – The Bull Fund obtains investment exposure in excess of its net assets by utilizing leverage and may lose more money in market conditions that are adverse to its investment objective than a fund that does not utilize leverage. A total loss may occur in a single day. Leverage will also have the effect of magnifying any differences in the Fund’s correlation with BA and may increase the volatility of the Bull Fund.

Daily Correlation Risk – A number of factors may affect the Bull Fund’s ability to achieve a high degree of correlation with BA and therefore achieve its daily leveraged investment objective. The Bull Fund’s exposure to BA is impacted by BA’s movement. Because of this, it is unlikely that the Bull Fund will be perfectly exposed to BA at the end of each day. The possibility of the Bull Fund being materially over- or under-exposed to BA increases on days when BA is volatile near the close of the trading day.

Daily Inverse Correlation Risk – A number of factors may affect the Bear Fund’s ability to achieve a high degree of inverse correlation with BA and therefore achieve its daily inverse investment objective. The Bear Fund’s exposure to BA is impacted by BA’s movement. Because of this, it is unlikely that the Bear Fund will be perfectly exposed to BA at the end of each day. The possibility of the Bear Fund being materially over- or under-exposed to BA increases on days when BA is volatile near the close of the trading day.

The Boeing Company Investing Risk – BA faces risks associated with: risks associated with commercial airlines, including demand for commercial aircraft and related services and commercial airlines sales contract terms; adverse government regulations; regulatory compliance costs; supply chain and manufacturing disruptions; litigation and government inquires and investigations; changes in U.S. government defense spending or a priorities; among other risks.

Industrials Sector Risk — Stock prices of issuers in the industrials sector are affected by supply and demand both for their specific product or service and for industrials sector products in general.

Aerospace and Defense Industry Risk — The aerospace and defense industry can be significantly affected by government regulation and spending policies because companies involved in this industry rely, to a significant extent, on government demand for their products and services.

Additional risks of each Fund include Effects of Compounding and Market Volatility Risk, Derivatives Risk, Counterparty Risk, Rebalancing Risk, Intra-Day Investment Risk, Concentration Risk, Market Risk, Non-Affiliation Risk, Security Volatility Risk and Cash Transaction Risk. Additionally, for the Direxion Daily BA Bear 1X Shares, Shorting or Inverse Risk. Please see the summary and full prospectuses for a more complete description of these and other risks of a Fund.

ALPS Distributors, Inc.