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'Is this a stock market, or a casino?’ New 4X leverage S&P 500 ETN met with caution
First Quadruple Leveraged S&P 500 ETN Proposed
Can somebody explain what the difference is between these 2 ETN's?
UVIX Play: Go Balls Deep & Make Money
Long-awaited Case against beloved $VXX is finally here!
Is there an etf/etn that exposes me to the Norwegian krone (or Nordic currencies in general)?
Eaton, Rockwell, and Other Industrial Stocks Are Recession Deniers
SEC arranged a Fair Fund of $9,000,000 to be distributed among NASDAQ: XIV (Velocityshares Daily Inverse VIX) Traders. Last days to claim your part!
25% of my portfolio is in Credit Sussie ETN's right now. Feels like I belong here...
I Dream of Bulls and Bears Frolicking: Is there a WSB Flavored Straddle We Can All Agree Tastes Great
I Dream of Bulls and Bears Frolicking: Is there a WSB Flavored Straddle/Strangle We Can All Agree Tastes Great?
Hidden expense ratio in ETN $BULZ? I seriously hope I'm wrong.
🥚 Yield Curve. Stagflation. Fed Rate Hikes. World War. Oil Prices. Pandemic. End of Stimulus. Evergrande. Margins. Unwinding. Rigged Markets. Fake Markets. Bubble burst. Bear Markets. 🥚
Proof that this sub still provides good DD
Barclays Broke $VXX | DD & Trading Opportunities
Most Overlooked Opportunity of 2022 | $VXX
Barclay's Suspended VXX ETN Share Creation - Implications and Trades?
Will carbon futures, i.e., KRBN and GRN and others, be a BIG thing in 2022? With all the climate change initiatives, could this class of equities be a 2022 YOLO!
Does anyone here have experience with ETN's (Exchange traded notes)?
GME Quarterly Cycles Overlap - Opportunity is Knocking!
Commodity ETFs with Roll Strategy. Is any investment value lost as underlying prompt futures-contracts rollover into the new month?
The Great Volatility Play You've Never Heard Of.
Figured out how to limit my China exposure while continuing to be a 3X tech ETN degenerate.
Banks and wallstreet reacting to the future fines they might have to pay on exchange-traded notes (ETN).
Hedging against climate change with coffee (JO)
I have been buying a fairly specific set of calls and puts on everything from futures index options to ADRs, Canadian Equities and ETFs as well as selling cash secured puts to replace my bond holdings.
ETN is up from $0.002 this year to $0.01
ETN coin is up from $0.002 to $0.01 so far this year
What would happen to SLV or SLVO’s (ETN) price/value after the silver “squeeze?”
COTRP redemption of certificates! Being called (accelerated call) before maturity.
I bought REML (2x Leveraged REIT ETN) without actually knowing what it is, can someone help me understand?
SHORT SQUEEZE EXAMPLE: 400$ to 25'000$ 🚀🚀🚀 GME can go to much MUCH higher price.
ETN .. any suggestions?
Looking for MAX leverage on US Cannabis. ETF? ETN's ?? What other options are there ?
Mentions
For a 3x leveraged oil ETN, yes, it's completely normal. Oil is already volatile, and 3x leverage amplifies that heavily. If there was a sudden drop or a mini flash-crash over those few minutes, the buyers probably vanished instantly.
FPS. There are others like ETN, VRT, SMERY, but I just like FPS right now. I also have minerals. They are 100% gamble plays.
ETN at 360. JPM price target 119.
There's no double-short Kharg Island ETN, and now we know why.
You are thinking of ETNs. These are directly tied to the price of futures. USO is an ETN.
Today's purchases: ITA, VRT, and a little bit of COHR, CEG, GEV, ETN, TER My major positions are MU (80%) then AI buildout choke points followed by energy company's that are well positioned to supply it all. Now going into ITA after white house telling the weapons department they're going to ramp up production, also watching KRMN and HWM.
OILU tracks 3x the daily move of an index/ETN structure, not spot WTI directly, so intraday timing, roll effects, and tracking drag can make it diverge from headline crude moves. No position.
ETN is killing it with their modular data center systems.
No clue. I decided buy ETF only going forward, but could not help myself yesterday so increased AMD, ETN and entered BWXT and ADI. These are not outside of my ETF focus, but rather overweighting these companies in them. I did Netflix too just for fun as taught what ever happens, it will raise when decision clear.
ETN, ALAB, APH, COHR, LITE, MRVL. I had one more but dumped it when it was down too much. For some reason I'm holding ALAB.
ETN is better than GEV right now, but it's also wildly up. My CB for BWXT is also pretty high but I'm not that concerned. If we saw a massive pullback I'd buy more with zero sleep lost. No matter how things move forward, more power is essential for everything.
The fastest and cheapest way to get baseload power is gas turbines which already has a huge backlog and I believe the manufacturers are not willing to increase supply. Any other way requires time to buildout and renewables are great but they also will take time and don’t solve the issue of baseload. Bringing their own power instead of paying a premium to be connected to the grid there will definitely be a capex increase which they will likely try to avoid by bringing investors with deep pockets to build out the infrastructure project and sign a PPA with them to buy power from them. Hyper scalers will still be paying a premium but they won’t have the additional capex in their books. This is also dependent on how long the need to wait to be connected to the grid and if they can bring their own power would that make them jump the queue? One play could be investing in companies who will help with the infrastructure buildout, folks in the power infrastructure business $ETN $PWR, $MPWR. Regardless the power infrastructure will need to updated in USA regardless of data centers or not so even if the buildout from hyperscalers slow down these companies will still be extremely relevant from increased electrification and power needs growing.
That seems good. I think momentum and anti-vol/anti-beta tilts are worthwhile. I feel uncomfortable recommending stuff because my own factor holdings have not done well, but I'll list them if you're interested: VFMF, MTUM, IMTM, FNDF, MFEM, BTAL, CAPE. That last was an ETN and then switched management and became an ETF. It did fairly well before but its record since then has been poor. FNDF is probably pretty similar to AVDE. I think AVDV covers an exposure that's hard to find, and 36bps isn't too expensive for that. Maybe I should buy some myself. I've heard that value and small size factors don't do well on their own since their "discovery" but they still generate a premium when combined.
UUUU, GE, GEV, HUBB, ETN. Basically any firm that either does the infrastructure or power supplies to the actual buildouts of the data center boom which will be in play for the next ten years. I have about 10 companies lined up within that field which I’ve been swing trading on technicals. Was up 80% last year overall, and up 18.5% so far ytd.
I enjoy a bit of contrarian investing! It’s not at all the main focus of my portfolio but it is fun, so I dabble just a bit in it. First focusing on geographical regions everyone talks about America, China, Europe, even Latin America on occasion. I never hear people talk about Africa or Australia. So I bought a little bit of AFK (African ETF) and FLAU (Australian ETF). Also any ETF focusing on global small cap would be good right now I think. I might add that to my portfolio next time I get paid. Stocks - SCI. They make stuff for funerals. Basically, as long as humanity doesn’t figure out immortality, they will be in business. It’s a quiet stock I never hear anyone talk about and it just moves along nicely and pays out a decent dividend. As long as people keep dying, I’ll keep holding. A few other stocks I have that are doing well and tend to often not ever make the news: CR, BAESY, ORI, and ETN. All boring ass companies that just keep going up and even if there is a sizable US market correction, I don’t think these companies will get destroyed in the downturn. I’m overall a bit of a value investor, so I don’t get excited for the big sexy growth stocks that monopolize headlines. Investing in that shit always has me checking stock prices way too often and I find my emotions get caught up in them. I like the good boring stuff.
ETN and WAB. I have held both since 2009.
She sold ETN at 320 and bought SNPS last time I saw her. 😂😂
Hello, I'd like to get some opinions on these stocks; which are the winners between: $ETN vs. $GEV $HOOD vs. $SOFI
$ETN and $HUBB were my sleepier picks for AI but now getting action, valuation not awesome here but not nosebleed... not sure where else to go anymore on hardwire side of the ai infra names other than maybe power gen
Senator on some energy committee just bought ETN.
ETN someone has to manufacture all that electrical infrastructure for the data centers.
Power generation and related infrastructure. $CMI, $ETN. Also, tangentially, defense, but maybe not actual defense firms. $GHM, $ESE.
I'm remaining heavily invested in the 'AI ecosystem' (WFE equipment, semiconductors, data centers, electric grid buildout and - increasingly - robotics). But I have a high risk tolerance. I view this as an opportunity. I'm buying more shares of companies like VRT MPWR PWR ETN MU AVGO LRCX. They will all invest from the higher than expected capex from Amazon and Google. Some software has become an opportunity - EDA software (SNPS and CDNS) and cybersecurity stand out, though cybersecurity has already been in a downtrend).
It’s a 3x ETN. It had roughly a 23% return from Monday to opening today. Your shitty ass miners could only dream of that return.
AQC 3x silver ETN. Bought on Monday and it gapped up 3 times this week lol
I’d look into Eaton (NYSE: ETN), Hubbell (NYSE: HUBB), Siemens Energy AG (ETR: ENR). Siemens Energy is up 182% over the last year. I think they can continue this performance as the own the HVDC market, and dominate in key technical sectors such as power transformers, switchgear, and gas turbines.
RMBS recovering a bit. Glad the calls I kept were longer dated. ETN and PYPL drilling.
I gotta agree with the PLTR call. I'll pass on AMZN and load up on ETN instead. Eaton sells the electrical crap that the grid and datacenters need. AMZN might pull a MSFT if they say the wrong thing.
ETN and LLY, maybe BE if ETN does well.
I've been holding a 3x leveraged silver ETN. I just got SLAUGHTERED today!
ETC, as far as I know, is a broader descriptive term "Exchange traded commodity" that can refer to products structured as ETFs or ETNs. ETC tells you what type of investment (like tech or services) while ETF and ETN are actual legal structures to deliver the investment. I believe an ETC can be an ETF or an ETN. I looked up some examples before posting this and I think that's right.
One tidbit: a surprising number of "metal ETFs" are actually technically "ETNs" or "Exchange Traded Notes" if you read the prospectus. Yes, that hundreds of page document that, like the Terms Of Service of a website you've totally read about everything you bought, right? :) If you use a good broker they should be well labelled, but I've known people to own ETNs who thought they had ETFs because the ticker alone or the title might not be enough for them to know the difference. ETNs make no pretensions about owning the underlying asset, they are simply a liability (a "note" like debt) that is linked to the value of the underlying asset. A gold ETN is an obligation on the issuing investment bank where each share is an obligation valued at the value of X amount of gold. This obligation is subject to a lot of terms and conditions, however, that are also laid out in that prospectus. There are often conditions where the valuation link can be broken or "temporarily suspended" to prevent squeezes, for example. (Typically allowing the bank to declare a liquidation at a particular value before a declared "manipulation event" started.) So far, most of the tricky terms and exceptions are legally untested.
Alright, this is a sector I spent a longtime looking into. Copper doesn't function the same way Gold and Silver does and won't ever respond with the same debasement trade as Gold and Silver. Silver is likely a short term response as well, similar to some alt coin. Copper is not actually supply constrained, it may have momentary constraints over the medium term but there is enough copper to do what people need. Additionally, when copper becomes too expensive over 6$ a lb for too long alternatives like aluminum and various other conductors start to become viable alternatives. Some things are already moving towards alternative metals in the industry to ease constraints. The move on copper has already been made across the industry most copper names are trading at p/es 20-40. FCX, SCCO, MLI, ETN, etc
that's not the vix. it's a proshares VIX exchange traded note or fund (ETN/ETF) that seeks to match the performance of the short term vix futures index and the ticker for this instrument is VIXY but it is not the same as the VIX index. The vix index is one thing, then there are vix futures, and then VIXY is a managed fund that trades a collection of volatility instruments and I assume treasuries and other things to generate a return in line with its benchmark index. you really gotta be careful man. if you have specific questions feel free to ask but if youre looking for a rubber stamp on a "strategy" that has put more regards in the dirt than I could count then im not the one who is gonna be the seal of approval for this decision. you're better off forgetting you "saw something' and sticking to regular stocks. If you see this as some sort of challenge and dont take the advice, least you can do is read the prospectus for the shit youre about to trade and actually understand how it works before it works you instead.
GEV, UUUU, HUBB, PWR, ETN, MTZ, BWXT, CCJ. They are all part of GEV, really - but different earnings dates, and different reactions traditionally to those earnings. GEV and UUUU going to remain my core positions throughout, but I'm planning on swinging in that ecosystem.
VST down 6% and ETN GEV PWR up 6%. WTF. Meta just made a deal with VST
Had to scroll a long way down to see ETN! I agree with your thesis.
**Stop betting on the Landlords. Bet on the Plumbers.** I’ve analyzed the capex flows in this sector, and you are spotting the right problem: The "Data Center Operator" space (APLD, CORZ, IREN) is becoming a race to the bottom. There is no moat in pouring concrete and renting rack space. If you want the "99% Probability" trade, you don't look at who *owns* the building. You look at the companies that own the **Choke Points.** **1. The "Heat & Power" Duopoly** Every single AI data center faces two physical limits: **Heat** (Chips are melting) and **Power** (The grid is full). * The companies that solve these problems don't have 100 competitors. They have 2 or 3. * If APLD builds a data center, they *have* to write a check to these guys. If Microsoft builds one, they *also* have to write a check to these guys. **2. The "Titans" (The 99% Play)** Instead of gambling on which small-cap miner pivots to AI, institutional money flows to the critical infrastructure: * **Vertiv (VRT) - The King of Heat:** AI chips (Blackwell) require Liquid Cooling. You can't cool them with air anymore. Vertiv is the dominant player in thermal management. They engineer solutions directly with the chip designers. * **Eaton (ETN) - The King of Power:** You can't turn a data center on without massive industrial switchgear and transformers. The backlog for this equipment is 50+ weeks. Eaton effectively controls the "On Switch" for the industry. **3. The Metric: Backlog > Hype** When we look at APLD, we see "Projected Capacity." When we look at Eaton or Vertiv, we see **"Record Backlog."** * That means their revenue is locked in for years because every data center builder is waiting in line for their hardware. That is what a "Long Future" looks like. **The Bottom Line:** In a gold rush, the mine owners (APLD) often go bust fighting over claims. The guy selling the shovels (VRT/ETN) gets rich regardless of who finds gold. Move up the supply chain.
EQUIPMENT • GEV: Manufactures the gas turbines and grid gear needed to generate electricity. • ETN: Provides the electrical switchgear and transformers that regulate power flow. POWER • CEG: Supplies 24/7 carbon-free nuclear power for continuous baseload operations. • TLN: Hosts data centers directly at power plants for "behind-the-meter" energy. • VST: Generates reliable gas and nuclear power to stabilize the grid. CONSTRUCTION • STRL: Builds the concrete foundations and site infrastructure for data centers. • FIX: Installs the industrial HVAC systems required to cool servers. • VRT: Manufactures specialized liquid cooling and power hardware for GPU racks. • EME: Performs the complex mechanical and electrical installation work.
Tough two months for ETN and VST.
Power supply is the next phase of AI/data centers. So what does that mean? VRT? POWL? ETN?
NTDOY NVDA ETN GOOG GMEWS. all winners. Let’s go 2026
Distributed energy plays are my pick for '26. Data center build-outs and continuing electrification of vehicles (esp. delivery fleets) will mean cocaine and champagne in this sector. Some names to watch: PPSI — Pioneer Power Solutions NXXT — NextNRG, Inc. FLNC — Fluence Energy CEG — Constellation Energy TLN — Talen Energy VGAS — Verde Clean Fuels ETN — Eaton Corporation
Distributed energy plays are my pick for '26. Data center build-outs and continuing electrification of vehicles (esp. delivery fleets) will mean cocaine and champagne in this sector. Some names to watch: PPSI — Pioneer Power Solutions NXXT — NextNRG, Inc. FLNC — Fluence Energy CEG — Constellation Energy TLN — Talen Energy VGAS — Verde Clean Fuels ETN — Eaton Corporation
Bloom for sure. Some others I trade in this space: PPSI — Pioneer Power Solutions (largest holding) NXXT — NextNRG, Inc. FLNC — Fluence Energy CEG — Constellation Energy TLN — Talen Energy VGAS — Verde Clean Fuels ETN — Eaton Corporation
Would also add $PSTG for memory $ETN and $PWR are also solid
Cool thanks for the reasoned reply. Any particular companies? I did a quick search and found VRT, ETN, and TT.
Liquidity in the equity/ETF options looks bad. Likely because there is a more efficient way for the exposure. Possibly a leveraged ETF/ETN for specially exposure, maybe certain futures products, etc. If there's not already a cost effective leveraged product, seems like "vanilla" financing plus outright exposure is more efficient (eg, short box spread plus long ETF shares in a margin account)
Obvious institutional dumping on ETN
Not overly sure why power generation/electrical grid type companies are getting fucked today...they seem to be the play here with AI type plays being a tad over heated. ETN is just getting fucked the last couple weeks
Yeah not a fun day lol. I have liked ETN just for overall electrification. They have been moving further into data center, but has good exposure in mobility and aerospace.
ETN has not been a fun name this year lol.
Leveraged gold ETN. Best thing ever seen lol.
D, ETN, UWMC. Qualified dividends + electric transition to continue for decades.
The vanilla, passive index ETFs are still there, and from their AUMs that's still where the major ETF money is. > If people are willing to pay for products, companies will provide them My favorite in that Byzantian way is VXX, actually an ETN, that replicates the returns of short-term VIX futures. So synthetic returns based on short-term futures of an index (VIX) that itself is based on short-term options on another index (SPX). And then VXX has an options chain.
ETN when I didnt own it, tank up up up, ETN when I finally buy it -2% every day like clock work lol
From IBKR to Schwab, so many are guilty of this and Finra fines them… often the fine moves to not disclosing ETN’s because that results in less of a fine🤣…. Of course their system is not the best, none is currently, and to their and everyone’s benefit of course that it isnt. Trade with and not against the machine as you do in futures and anywhere right now
ETN is a good one, waiting for the next sick ass drop to buy more
DELL and HPE aren't bad stocks, but IMO they're lower margin commodity players so I don't hold them for this purpose. They assemble servers but they aren't real picks and shovels or full providers to address the bottlenecks, so personally don't fit my strategy. IMO the better plays there are VRT, and though volatile and risky: CRWV, APLD, IREN, NBIS. I also hold ETN and VST in that space, and keep a small DLR position for now. I'm just not convinced that server assembly is the winning move. They're kind of stuck between hyperscalers who are eventually going to be building all of their own datacenters and the neoclouds who are filling that gap for now.
AI will fall flat without the power it needs to run. I am investing in small ETF space POWR. I think it’s a great way to invest in the electrification of America. Here is what’s in it. Top 10 Company Symbol Company Name Holdings Percentage PWR Quanta Services Inc 6.43% NEE NextEra Energy Inc 6.40% ETN Eaton Corp PLC 5.89% GEV GE Vernova Inc 5.08% CEG Constellation Energy Corp 4.61% EQT EQT Corp 4.60% SO Southern Co 4.05% FSLR First Solar Inc 3.93% DUK Duke Energy Corp 3.78% HUBB Hubbell Inc 3.43% View all Holdings by Weight Sector Exposure Utilities 49.16% Industrials 29.77% Energy 14.28% Information Technology 5.40% Materials 0.84% Industry Exposure
Strange to see ETN down on a day like today
They cannot and that is why some industrials exposure couldnt hurt right now. Specifically been trying to build positions in PWR and ETN. Both electrical infrastructure companies
Nibbling on TU and ETN...I know boomer type stocks, but the one pays 8+% dividend (TU)..the other is an electrical upgrade play, if you think electrical grid upgrade is in the works, which it is. number 1 problem with AI right now, not enough power...ETN!
Good point. But if there's a tax advantaged ETF or ETN (or maybe a UCITS, not sure on that) with direct BTC exposure, that also would be a better option. My general point is that investors have a lot more - and better - options than crypto treasury companies.
Nice! Added a bit to my FLS and ETN positions.
I’ll shoot for the not basic ETF answer (even though that is probably the right move) Power infrastructure. PWR (Quanta) and ETN (Eaton). Demand for electricity is astronomically high and the grid is massively overdue for restructuring. Projections show an estimated $1.1 trillion will be spent on enhancing the power over the next 5 years.
Judging from earnings call questions, the bottleneck is neither chips nor electricity, but "powered shells", the step between construction of the structure and installation of the servers: the electrical equipment and connects the servers to the grid/generator, ensures power is uninterrupted, of the correct voltage, etc. Some plays on this theme are: PWR, ETN, VRT, IESC, FLR, ABBNY, HTHIY
Some of these stocks have had a good run but did take a breather last week. I personally own BWXT as they build the internals for nuke plants and really XYL as they are involved in water and infrastructure. They especially have the additional tailwind of all the aging water infrastructure. I don’t own it, but ETN is also a player in this space.
Thanks brother. I knew gold would eventually go back up but wasn’t sure how the gold miner ETN worked but thank you!
Took profits just before market close: - Closed Calls A: ETN PLTR WMB UBER ZTS - Closed Calls B: HUT HALO BWXT
I keep small CRWV and SMCI positions in my Compute stack and big VRT, ETN, and medium NBIS positions in my Datacenter stack. I avoid all the others discussed here for various reasons including: landlords not real capex beneficiaries, bad margins, AI is a side business or aspirational one for them, too small, or no contracts all talk, etc. (my portfolio thesis is AI-centric with ten sub-sector stacks in it, so ymmv)
Come on ETN, i just made a play on you. Git mov'n.
An ETN. Exchange Trafrf Note is NOT an ETF Exchange Trafef Find. Completely different structures. An ETN only says it will give you the return, less fees of the underlying index. The ETN does not have to invest in those securities. The ETN is backed by a bank. If the bank goes away, so can the ETN. When Lehman went under, so did some ETNs. Global X does not issue ETNs in the US. Maybe they do outside, and they would be backed by Mirae Bamk, the owner of Global X. Most ETNs closed down, less Rex Shares, backed by the Bank of Montreal, in the US. As they didn't sell, no one was willing to take on the risk.
An “ETF” can be in the form of an “ETN”. You can easily find many references on the sponsor’s own websites. The issuers call them ETFs, the prospectus lays out the exact legal structure, which can be ‘40 Act or something else, like an ETN. One example (among many) is Global X’s “FANG ETF.” Their words, not mine. It’s an ETN.
An ETF is NOT an ETN. Completely different products and structures.
An ETF is held at a custodian, the issuer does not hold the assets. If something happens to the issuer, your fund will be liquidated and money deposited into your brokerage account. Don't worry about it. If you held an ETN, that's a different story.
Even more true if the ETF is structured as an ETN vs. ‘40 act fund vs. commodity pool vs. LP, etc. but no one pays attention to those details much.
There's a lot of concerns after the private credit issues in recent weeks. https://www.thebanker.com/content/49b2787e-8efa-47ad-ac25-379d44f6e358 ("Why BDCs are at the centre of the private credit risk debate Jamie Dimon’s warning has revived scrutiny of the vehicles responsible for 40% of US direct lending") "I'm thinking of selling my company and was gonna drop a big chuck in these and live off the dividends" IMO, I'd be careful about focusing too much on risky yield. There was the article in 2020 about the person who put an enormous amount of money into 2x mREIT etns - the ETN cratered in early 2020 as mREITs do whenever there's an issue in the economy - and then the mREIT was called and losses locked in at the low. BDCs are not the same as an ETN but in general I wouldn't recommend piling into risky yield/"yield chasing." Congrats on selling your company.
Buy new bitcoin ETN and see what happens
I've got ETN as my largest position, almost by accident...bought long ago and it just surged. I wish I had built a growth portfolio out of ETFs. As of right now only 1/3 of my brokerage is in ETFs and mutual funds and the rest is individual positions. Right now I am feeding SCHG monthly, and slowly building a position in MRK, which I'll likely do until it hits $100/share.
Wait there's a 3x ETN for GLD: SHNY. Up 6x since Feb 2024. LMAO
Sorry, my bad. Made my first trade in a few years yesterday and it was a gold ETN
So on a traditional valuation standpoint, it’s expensive from where it currently trades. Totally agree. If the AI momentum looses steam, ETN will most definetly come down with it. Over the past couple months (since last earnings) it has sorta traded sideways but certainly in lag to the AI momentum (that was a AC power joke regarding power factor). VRT is very, very rich at these levels due to its best-in-class cooling technology, but so is GEV. How to put a valuation on CEG, TLN, and VST I have struggled with as well. Sold CEG but still holding VST. TLN never made a ton of sense to me as for one, only a single nuclear site in central PA and they are still working on convert sites of gas.
Me no longer holding shares in ETN is mostly about me thinking I had too much exposure. I'm not 100% sure its valuation really matters here if ish goes down in the AI sector as I think they'll all mostly just go down together.
Curious why you are skeptical on ETN at these levels? Currently holding and I felt out of all the infrastructure plays, it’s the most undervalued because it’s a more diverse pure play electrification industrial also with aerospace, automation, and high voltage exposure. So, I’m currently assuming I’m just stupid and missing something.
Really don't like to be negative here, but I wouldn't be buying names like CEG, ETN, or VRT right now (I've owned all 3 at some point, dumped VRT and moved on too easily though I did with a profit, and sold ETN just to slash my exposure to AI infra in half, still hold CEG and am so glad I stood my ground in the spring on both it and ETN, but it's making me a little nervous). There's probably still more that can be milked out of this cow, but I think the majority of the move has happened, heck while NVDA has a tidy positive year, it isn't as epic as 2023 and 2024 were.
I like to invest in more hidden companies that people and companies rely on. Starbucks is not at all that, but not to say you can’t invest in them. One example is Eaton, ETN, they make the most random stuff sometimes, but they have capacitors in electronics everywhere, breakerboxes and transformers for power, they even have golf clubs, though I’ve never seen their golf clubs.
Two days after I created a “gold” watch list with many of the 2x and 3x ETN’s is when gold did this. Once shit gets too much attention is when it goes down. Pretty wild.
Time to look at AI build out, not so much direct AI. ETN calls.
I think VRT is the better short of your list. We are already seeing hyperscalers looking to move into their own cooling solutions. CRDO and ETN are dangerous to go against since their narratives are optical connections (which is going to grow regardless of data center count) and power density (again doesn’t rely on datacenter count).
ETN, VRT, NBIS in order from least to most speculative. Eaton has been an industry leader for a while now, so no reason to think it’s about to stop now that demand for electrical buildouts is exploding.
There used to be a steepener ETN (STPP) but it closed in 2020. Obviously you can construct your own steepener with interest rate futures. It's not as hands-off as an ETN though.
all ETFs are open-ended by default, maybe there werr ETN which is closed of I am not mistaken. Closed-end would mean limited number of shares, which would mean bigger Price Premium over NAV because of the demand. Open-ended would kill the premium and align the price with the NAV. Will need to dig more.