Market Reactions to Trump’s Presidential Win

ShayBoloor
11-07

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Market reactions to Trump’s presidential win 🧐

• $First Solar(FSLR)$ down 13% on fears of IRA cuts -- while $Tesla Motors(TSLA)$ jumps 12% with expected EV incentives pressuring competitors.

• $Coinbase Global, Inc.(COIN)$ , $T-Rex 2X Long Bitcoin Daily Target ETF(BTCL)$ , $Robinhood(HOOD)$ , $T-Rex 2X Long MSTR Daily Target ETF(MSTU)$ & $CleanSpark, Inc.(CLSK)$ up over 10% as Trump’s favorable crypto stance boosts sentiment.

• $IONQ Inc.(IONQ)$ & $Rocket Lab USA, Inc.(RKLB)$ both up 8% on deregulation optimism in sectors like quantum computing and space.

• $Palantir Technologies Inc.(PLTR)$ rises 4% on anticipated growth in DoD AI initiatives.

• $AdvisorShares Pure US Cannabis ETF(MSOS)$ , $Tilray Inc.(TLRY)$ , $Canopy Growth Corporation(CGC)$ & $MICROBA LIFE SCIENCES LTD(MAP.AU)$ all down over 15% as Florida votes against legalization.

• $Alibaba(BABA)$ , $PDD Holdings Inc(PDD)$ & $JD.com(JD)$ down over 5% on concerns over future tariff pressures.

• $UnitedHealth(UNH)$ climbs 7% on potential Obamacare rollback, which could raise insurance rates.

• $Meta Platforms, Inc.(META)$ down over 2% as TikTok ban concerns take a backseat.

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