Trump Media Stock Jumps 10% in Premarket. How Harris, Musk Have Driven This Week's DJT Rally

Dow Jones10-11

Trump Media & Technology Group stock was rising again ahead of Friday's opening bell as the Truth Social parent bids to close a stellar week with another session of gains.

Shares in the company, which is majority owned by former President Donald Trump and trades under the ticker DJT, climbed 10% to $26.47 in the premarket.

Trump Media is up 46% since Monday. If it can finish Friday in the green it will have posted its best week since it listed via a blank-check merger in late March, according to Dow Jones market data -- although it's still trading about 64% below the level it was then.

At first glance, it might be unclear what's driven shares higher -- but it's worth remembering that Trump Media tends to trade as a proxy for the Republican nominee's chances of winning November's presidential election, rather than based on traditional valuation metrics such as price-to-earnings ratios or future cash flows.

Tesla CEO Elon Musk's cameo at a Trump rally on Saturday may have encouraged investors to pile into DJT, while Vice President Kamala Harris' grilling on 60 Minutes may also have boosted shares.

Neither of those events appears to have moved the needle significantly in the race for the White House, though. The chances of Harris winning next month still stand at about 55%, compared with Trump's 45% odds, according to the poll analysis site 538.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

a4xrbj1
10-11
a4xrbj1
Kamala is the better choice or the lesser evil. That people keep investing in this meme stock with no revenue but $100 million losses (for Donald's law suits) per quarter is beyond me. if you want to support him, donate your money but don't burn it in $DJT.
- a4xrbj1:
  Haha
- Seanwangg:
  DJT TO THE MOON $100 incoming

Leave a comment

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How Harris, Musk Have Driven This Week's DJT Rally","media":"Dow Jones","content":"<html><head></head><body><p>Trump Media &amp; Technology Group stock was rising again ahead of Friday&#39;s opening bell as the Truth Social parent bids to close a stellar week with another session of gains.</p><p>Shares in the company, which is majority owned by former President Donald Trump and trades under the ticker DJT, climbed 10% to $26.47 in the premarket.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/cbc0d3e07bb1cccb4e05e097564f9ef6\" tg-width=\"845\" tg-height=\"843\"/></p><p>Trump Media is up 46% since Monday. If it can finish Friday in the green it will have posted its best week since it listed via a blank-check merger in late March, according to Dow Jones market data -- although it&#39;s still trading about 64% below the level it was then.</p><p>At first glance, it might be unclear what&#39;s driven shares higher -- but it&#39;s worth remembering that Trump Media tends to trade as a proxy for the Republican nominee&#39;s chances of winning November&#39;s presidential election, rather than based on traditional valuation metrics such as price-to-earnings ratios or future cash flows.</p><p>Tesla CEO Elon Musk&#39;s cameo at a Trump rally on Saturday may have encouraged investors to pile into DJT, while Vice President Kamala Harris&#39; grilling on 60 Minutes may also have boosted shares.</p><p>Neither of those events appears to have moved the needle significantly in the race for the White House, though. 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If it can finish Friday in the green it will have posted its best week since it listed via a blank-check merger in late March, according to Dow Jones market data -- although it's still trading about 64% below the level it was then.At first glance, it might be unclear what's driven shares higher -- but it's worth remembering that Trump Media tends to trade as a proxy for the Republican nominee's chances of winning November's presidential election, rather than based on traditional valuation metrics such as price-to-earnings ratios or future cash flows.Tesla CEO Elon Musk's cameo at a Trump rally on Saturday may have encouraged investors to pile into DJT, while Vice President Kamala Harris' grilling on 60 Minutes may also have boosted shares.Neither of those events appears to have moved the needle significantly in the race for the White House, though. The chances of Harris winning next month still stand at about 55%, compared with Trump's 45% odds, according to the poll analysis site 538.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":358977756135696,"gmtCreate":1728649046069,"gmtModify":1728723670157,"author":{"id":"4140090365269462","authorId":"4140090365269462","name":"a4xrbj1","avatar":"https://community-static.tradeup.com/news/9d8912bc5b3237f119291ecf0caa4d5a","vip":1,"crmLevel":9,"crmLevelSwitch":1,"authorIdStr":"4140090365269462","idStr":"4140090365269462"},"htmlText":"Kamala is the better choice or the lesser evil. That people keep investing in this meme stock with no revenue but $100 million losses (for Donald's law suits) per quarter is beyond me. if you want to support him, donate your money but don't burn it in $DJT.","listText":"Kamala is the better choice or the lesser evil. That people keep investing in this meme stock with no revenue but $100 million losses (for Donald's law suits) per quarter is beyond me. if you want to support him, donate your money but don't burn it in $DJT.","text":"Kamala is the better choice or the lesser evil. That people keep investing in this meme stock with no revenue but $100 million losses (for Donald's law suits) per quarter is beyond me. if you want to support him, donate your money but don't burn it in $DJT.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/358977756135696","repostId":2474570150,"repostType":2,"repost":{"id":"2474570150","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1728647604,"share":"https://ttm.financial/m/news/2474570150?lang=&edition=fundamental","pubTime":"2024-10-11 19:53","market":"fut","language":"en","title":"Trump Media Stock Jumps 10% in Premarket. How Harris, Musk Have Driven This Week's DJT Rally","url":"https://stock-news.laohu8.com/highlight/detail?id=2474570150","media":"Dow Jones","summary":"Trump Media & Technology Group stock was rising again ahead of Friday's opening bell as the Truth Social parent bids to close a stellar week with another session of gains.Shares in the company, which is majority owned by former President Donald Trump and trades under the ticker DJT, climbed 4.1% to $25.11 in the premarket, compared with a 0.2% drop in futures for the small-cap Russell 2000 index.Trump Media is up 46% since Monday. If it can finish Friday in the green it will have posted its best week since it listed via a blank-check merger in late March, according to Dow Jones market data -- although it's still trading about 64% below the level it was then.At first glance, it might be unclear what's driven shares higher -- but it's worth remembering that Trump Media tends to trade as a proxy for the Republican nominee's chances of winning November's presidential election, rather than based on traditional valuation metrics such as price-to-earnings ratios or future cash flows.","content":"<html><head></head><body><p>Trump Media &amp; Technology Group stock was rising again ahead of Friday&#39;s opening bell as the Truth Social parent bids to close a stellar week with another session of gains.</p><p>Shares in the company, which is majority owned by former President Donald Trump and trades under the ticker DJT, climbed 10% to $26.47 in the premarket.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/cbc0d3e07bb1cccb4e05e097564f9ef6\" tg-width=\"845\" tg-height=\"843\"/></p><p>Trump Media is up 46% since Monday. If it can finish Friday in the green it will have posted its best week since it listed via a blank-check merger in late March, according to Dow Jones market data -- although it&#39;s still trading about 64% below the level it was then.</p><p>At first glance, it might be unclear what&#39;s driven shares higher -- but it&#39;s worth remembering that Trump Media tends to trade as a proxy for the Republican nominee&#39;s chances of winning November&#39;s presidential election, rather than based on traditional valuation metrics such as price-to-earnings ratios or future cash flows.</p><p>Tesla CEO Elon Musk&#39;s cameo at a Trump rally on Saturday may have encouraged investors to pile into DJT, while Vice President Kamala Harris&#39; grilling on 60 Minutes may also have boosted shares.</p><p>Neither of those events appears to have moved the needle significantly in the race for the White House, though. The chances of Harris winning next month still stand at about 55%, compared with Trump&#39;s 45% odds, according to the poll analysis site 538.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Trump Media Stock Jumps 10% in Premarket. How Harris, Musk Have Driven This Week's DJT Rally</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTrump Media Stock Jumps 10% in Premarket. How Harris, Musk Have Driven This Week's DJT Rally\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-10-11 19:53</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Trump Media &amp; Technology Group stock was rising again ahead of Friday&#39;s opening bell as the Truth Social parent bids to close a stellar week with another session of gains.</p><p>Shares in the company, which is majority owned by former President Donald Trump and trades under the ticker DJT, climbed 10% to $26.47 in the premarket.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/cbc0d3e07bb1cccb4e05e097564f9ef6\" tg-width=\"845\" tg-height=\"843\"/></p><p>Trump Media is up 46% since Monday. If it can finish Friday in the green it will have posted its best week since it listed via a blank-check merger in late March, according to Dow Jones market data -- although it&#39;s still trading about 64% below the level it was then.</p><p>At first glance, it might be unclear what&#39;s driven shares higher -- but it&#39;s worth remembering that Trump Media tends to trade as a proxy for the Republican nominee&#39;s chances of winning November&#39;s presidential election, rather than based on traditional valuation metrics such as price-to-earnings ratios or future cash flows.</p><p>Tesla CEO Elon Musk&#39;s cameo at a Trump rally on Saturday may have encouraged investors to pile into DJT, while Vice President Kamala Harris&#39; grilling on 60 Minutes may also have boosted shares.</p><p>Neither of those events appears to have moved the needle significantly in the race for the White House, though. The chances of Harris winning next month still stand at about 55%, compared with Trump&#39;s 45% odds, according to the poll analysis site 538.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4592":"伊斯兰概念","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","BK4585":"ETF&股票定投概念","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","BK4555":"新能源车","BK4533":"AQR资本管理(全球第二大对冲基金)","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","DJT":"特朗普媒体科技集团","LU1145028129.USD":"ALLIANZ INCOME AND GROWTH \"AQ\" (USD) INC","LU0823414478.USD":"法巴经典能源转换基金","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","SG9999015978.USD":"利安颠覆性创新基金A","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","BK4527":"明星科技股","BK4077":"互动媒体与服务","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","BK4588":"碎股","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1548497426.USD":"安联环球人工智能AT Acc","BK4551":"寇图资本持仓","BK4516":"特朗普概念","BK4547":"WSB热门概念","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","BK4581":"高盛持仓","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","BK4099":"汽车制造商","BK4511":"特斯拉概念","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4548":"巴美列捷福持仓","LU0823411888.USD":"法巴消费创新基金 Cap","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0056508442.USD":"贝莱德世界科技基金A2"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2474570150","content_text":"Trump Media & Technology Group stock was rising again ahead of Friday's opening bell as the Truth Social parent bids to close a stellar week with another session of gains.Shares in the company, which is majority owned by former President Donald Trump and trades under the ticker DJT, climbed 10% to $26.47 in the premarket.Trump Media is up 46% since Monday. If it can finish Friday in the green it will have posted its best week since it listed via a blank-check merger in late March, according to Dow Jones market data -- although it's still trading about 64% below the level it was then.At first glance, it might be unclear what's driven shares higher -- but it's worth remembering that Trump Media tends to trade as a proxy for the Republican nominee's chances of winning November's presidential election, rather than based on traditional valuation metrics such as price-to-earnings ratios or future cash flows.Tesla CEO Elon Musk's cameo at a Trump rally on Saturday may have encouraged investors to pile into DJT, while Vice President Kamala Harris' grilling on 60 Minutes may also have boosted shares.Neither of those events appears to have moved the needle significantly in the race for the White House, though. The chances of Harris winning next month still stand at about 55%, compared with Trump's 45% odds, according to the poll analysis site 538.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":363368614092808,"gmtCreate":1729755654117,"gmtModify":1729755658870,"authorId":4140090365269462,"author":{"id":4140090365269462,"idStr":"4140090365269462","authorId":4140090365269462,"name":"a4xrbj1","avatar":"https://community-static.tradeup.com/news/9d8912bc5b3237f119291ecf0caa4d5a","vip":1,"crmLevel":9,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":358977756135696,"type":1,"supId":359363423916312,"prevId":0,"content":"Haha","text":"Haha","html":"Haha"},{"id":359363423916312,"gmtCreate":1728743204309,"gmtModify":1728781102015,"authorId":3571016122500926,"author":{"id":3571016122500926,"idStr":"3571016122500926","authorId":3571016122500926,"name":"Seanwangg","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":358977756135696,"type":1,"supId":0,"prevId":0,"content":"DJT TO THE MOON $100 incoming ","text":"DJT TO THE MOON $100 incoming ","html":"DJT TO THE MOON $100 incoming "}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":6,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2474570150"}