Thursday Special: The #1 Stock to Watch (It Could Be Y-uge!)

It’s Thursday and I only got one thing on my mind: What new catchphrases will I learn from Donald Trump during tonight's debate?

Seriously, after the market’s “meh” day yesterday… 

All eyes are on how far Trump Media’s stock will fly in preparation of tonight's battle of the grandpas. 

(Source: Vento Solare) 

Sure, Amazon hit a mileston yesterday as they officially hit $2 trillion in market cap….

Nvidia is still the most talked about stock on the internet (you know it’s gotten ridiculous when your own mother wants to put some money into just one stock)... 

And Bitcoin still sucks apparently…

Which is why in today’s write-up we are focused on one thing and one thing only: The Real Reason $DJT is Soaring and Why it’s the #1 Stock to Watch This Thursday…

So without further ado…

Let’s get to it!

Gimme Dat Money $DJT 

Let’s get ready to ruuuuumble! With the presidential boxing match between Donald Trump and Joe Biden just hours away, Trump Media's stock is on a tear—and it's giving day traders an adderall kick.

(Source: Giphy) 

Trump Media & Technology Group, trading under the vanity ticker DJT (because of course), has seen some serious action. The week started off stellar for DJT’s stock with a 21% surge on Monday followed by a nice little 9% jump on Tuesday. Which keep in mind, comes after a period of steep declines that had shareholders feeling like they had mistakenly invested in the Dallas Cowboys… 

(Source: Pinterest) 

But let’s be clear, the sudden rally is definitely not because Trump Media discovered the secret to beating Facebook or TikTok. Nope, it's more like a soap opera where the plot twists and cliff hangers just keep bringing the people back.  

One such cliffhanger came last week, as investors were spooked by news that early investors could sell millions of shares, potentially tanking the stock price. 

(Source: Yahoo Finance) 

Of course, Trump Media tried to put a positive spin on it, saying it could rake in an extra $247 million if those investors converted their warrants into shares. But let's be real—most investors were probably just bracing for impact, kind of like I do whenever I send a risky text after midnight. 

But hey, when it comes to DJT volatility… It's definitely nothing new. Since going public in March after merging with Digital World Acquisition Corp.Trump Media has been on a wild ride. No joke. The stock has soared as high as $79.38 and dropped as low as $22.55 - which means the stock is just as unpredictable as the guy it’s named after (for good reason).  

(Source: Giphy) 

And of course, let's not forget the legal drama. Trump’s felony charges have cast a long shadow over the stock recently. In fact, remember when he was convicted on all 34 counts in the hush money trial? Yeah, me too… but here we are, with the stock rallying ahead of tonight’s debate. Who would’ve thought?

With that said, though as the stock is pumping and possibly dumping in light of tonight's circus let’s be clear on one thing: Trump Media’s fundamentals are, to put it kindly, less than stellar. 

The company reported a first-quarter net loss of $327.6 million on less than $1 million in revenue. That's like trying to run a marathon with a sprained ankle. LinkedIn co-founder and Biden donor Reid Hoffman didn’t hesitate to jab at Trump as he called the company's $6 billion valuation “wildly high,” suggesting it’s more appropriately valued at $40 million. 

(Source: CNN) 

But guess what? The mass market could really give a flying “F” to what Reid Hoffman or any other Biden donor says. Because what’s fueling this latest rally in DJT all has to do with Market psychology my friends. 

It’s all about the entertainment value. Trump Media stock tends to trade more on sentiment for the former president than on its business fundamentals. With tonight’s debate looming, traders are betting on some prime-time drama that could move the needle as Trump’s mouth says what over half the country is thinking 24/7. 

Every Republican during tonights debate. (Source: Tenor) 

Now Trump has been making ambitious promises, from rolling back car pollution rules to building ten new cities. Biden, meanwhile, is focusing on protecting American democracy and codifying the right to an abortion into federal law, as if that will distract us from gas prices that make us all want to bike to work.

(Source: USNews.com) 

Which is why tonight will be like watching a version of "The Bachelor"—who will get the final rose from the voters?

So as we head into tonight’s debate, expect more volatility and hype on DJT during the trading session today… and especially tomorrow. Think of it like earnings season, alot of hype is baked into the price before the fact - and then after the news releases everything turns to meh. 

The same scenario could very well happen with DJT. We could end up seeing an explosion in stock price today that causes every trader with a few hundred bucks chanting “DJT” in their sleep tonight, only to see the price plunge back to Earth tomorrow. 

(Source: Giphy) 

But whatever the future holds, rest assured, traders will be glued to their screens, trying to parse every word, every facial expression, and every tweet for clues on where the stock might go next. 

And given that any kind of antic could boost the price of DJT makes this today’s #1 stock to watch. No question. 

(Source: CNBC) 

In the end, investing in Trump Media is like betting on the outcome of a reality show—unpredictable, often absurd, but always entertaining (and in this case potentially rewarding).

So, whether you’re a seasoned trader or just popping in for the drama, make sure to keep your wits about you. Because in this market, the only certainty is that Trump’s confidence will remain y-uge, even if the DJT’s investor confidence isn’t. 

(Source: Giphy) 

Stocks.News holds positions in Amazon as mentioned in the article.