BUZZ-'Trump trade' loses steam

Reuters11-12

BUZZ-'Trump trade' loses steam

** Shares of companies expected to gain from Donald Trump's return to the White House down in premarket trading

** Trump Media DJT.O, Tesla TSLA.O, crypto-related companies and U.S. prison operators fall

** "It's a case of momentum working in both ways. It was momentum that powered these (stocks) higher and now the bulls have started to take some profit off the table" - Michael Brown, senior research strategist, Pepperstone

** DJT, which operates the Truth Social app, drops 4.9% after gaining in the last session on Trump's comment that he had no intention of selling his shares in the company

** Shares of EV-maker Tesla, another prominent "Trump trade", dip 2.5%

** TSLA touched $1 tln in market value on Friday on bets the automaker would benefit from CEO Elon Musk's backing of Trump

** Bitcoin, the world's best-known cryptocurrency BTC=, slips 2.6% after nearing $90,000 on Tuesday, boosted by potential support from the Trump administration

** Crypto-focused companies fall; crypto exchange Coinbase Global COIN.O down 4.3%, while software firm and bitcoin buyer MicroStrategy MSTR.O falls 2.4%

** Crypto miners Riot Platforms RIOT.O down 6.2%, while MARA Holdings MARA.O falls 5.2%

** Prison operators CoreCivic CXW.N and Geo Group GEO.N down 3.5% and 2.9%, respectively

(Reporting by Ragini Mathur)

((Ragini.Mathur@thomsonreuters.com;))

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

We need your insight to fill this gap

Leave a comment

1

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2482088813?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-12 22:12","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2482088813","market":"us","top_or_hot":-1,"title":"BUZZ-'Trump trade' loses steam","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-'Trump trade' loses steam</title></head><body><p>** Shares of companies expected to gain from Donald Trump's return to the White House down in premarket trading</p><p>** Trump Media <span>DJT.O</span>, Tesla <span>TSLA.O</span>, crypto-related companies and U.S. prison operators fall</p><p>** \"It's a case of momentum working in both ways. It was momentum that powered these (stocks) higher and now the bulls have started to take some profit off the table\" - Michael Brown, senior research strategist, Pepperstone</p><p>** DJT, which operates the Truth Social app, drops 4.9%  after gaining in the last session on Trump's comment that he had no intention of selling his shares in the company </p><p>** Shares of EV-maker Tesla, another prominent \"Trump trade\", dip 2.5% </p><p>** TSLA touched $1 tln in market value on Friday on bets the automaker would benefit from CEO Elon Musk's backing of Trump</p><p>** Bitcoin, the world's best-known cryptocurrency <span>BTC=</span>, slips 2.6% after nearing <span>$90,000 on Tuesday</span>, boosted by potential support from the Trump administration </p><p>** Crypto-focused companies fall; crypto exchange Coinbase Global <span>COIN.O</span> down 4.3%, while software firm and bitcoin buyer MicroStrategy <span>MSTR.O</span> falls 2.4%</p><p>** Crypto miners <a href=\"https://laohu8.com/S/RIOT\">Riot Platforms</a> <span>RIOT.O</span> down 6.2%, while MARA Holdings <span>MARA.O</span> falls 5.2%</p><p>** Prison operators CoreCivic <span>CXW.N</span> and Geo Group <span>GEO.N</span> down 3.5% and 2.9%, respectively</p><p> (Reporting by Ragini Mathur)</p><p> ((Ragini.Mathur@thomsonreuters.com;))</p></body></html>","source":null,"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>BUZZ-'Trump trade' loses steam</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\">\nBUZZ-'Trump trade' loses steam\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-12 22:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241112:nL4N3MJ16N:1><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BUZZ-'Trump trade' loses steam** Shares of companies expected to gain from Donald Trump's return to the White House down in premarket trading** Trump Media DJT.O, Tesla TSLA.O, crypto-related ...</p>\n\n<a href=\"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241112:nL4N3MJ16N:1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999015945.SGD","symbol_name":"LionGlobal Disruptive Innovation Fund A SGD","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241112:nL4N3MJ16N:1","article_id":"2482088813","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482088813","pubTimestamp":1731420755,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-'Trump trade' loses steam** Shares of companies expected to gain from Donald Trump's return to the White House down in premarket trading** Trump Media DJT.O, Tesla TSLA.O, crypto-related companie","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","LU2063271972.USD":"富兰克林创新领域基金","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","MSTR":"MicroStrategy","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","BK4581":"高盛持仓","BK4596":"哈里斯概念","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU1145028129.USD":"ALLIANZ INCOME AND GROWTH \"AQ\" (USD) INC","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","BK4112":"金融交易所和数据","BK4548":"巴美列捷福持仓","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","DJT":"特朗普媒体科技集团","LU1548497426.USD":"安联环球人工智能AT Acc","CXW":"美国惩教公司","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","MARA":"Marathon Digital Holdings Inc","BK4539":"次新股","BK4023":"应用软件","BK4516":"特朗普概念","BK4554":"元宇宙及AR概念","COIN":"Coinbase Global, Inc.","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","RIOT":"Riot Platforms","BK4551":"寇图资本持仓","BK4585":"ETF&股票定投概念","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","GEO":"GEO惩教集团","BK4555":"新能源车","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4595":"比特币概念","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","BK4535":"淡马锡持仓","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0056508442.USD":"贝莱德世界科技基金A2","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","BK4527":"明星科技股","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4550":"红杉资本持仓","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","TSLA":"特斯拉","BK4574":"无人驾驶"},"translate_title":"嗡嗡声——“特朗普贸易”失去动力","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLA":0.9,"RIOT":0.9,"MSTR":0.9,"MARA":0.9,"GEO":0.9,"DJT":0.9,"CXW":0.9,"COIN":0.9},"content_text":"BUZZ-'Trump trade' loses steam** Shares of companies expected to gain from Donald Trump's return to the White House down in premarket trading** Trump Media DJT.O, Tesla TSLA.O, crypto-related companies and U.S. prison operators fall** \"It's a case of momentum working in both ways. It was momentum that powered these (stocks) higher and now the bulls have started to take some profit off the table\" - Michael Brown, senior research strategist, Pepperstone** DJT, which operates the Truth Social app, drops 4.9%  after gaining in the last session on Trump's comment that he had no intention of selling his shares in the company ** Shares of EV-maker Tesla, another prominent \"Trump trade\", dip 2.5% ** TSLA touched $1 tln in market value on Friday on bets the automaker would benefit from CEO Elon Musk's backing of Trump** Bitcoin, the world's best-known cryptocurrency BTC=, slips 2.6% after nearing $90,000 on Tuesday, boosted by potential support from the Trump administration ** Crypto-focused companies fall; crypto exchange Coinbase Global COIN.O down 4.3%, while software firm and bitcoin buyer MicroStrategy MSTR.O falls 2.4%** Crypto miners Riot Platforms RIOT.O down 6.2%, while MARA Holdings MARA.O falls 5.2%** Prison operators CoreCivic CXW.N and Geo Group GEO.N down 3.5% and 2.9%, respectively (Reporting by Ragini Mathur) ((Ragini.Mathur@thomsonreuters.com;))","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"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":"4.29.3","shortVersion":"4.29.3","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/2482088813"}