To The Moon

🌟🌟🌟Super Tuesday is a key event in the US Election Calendar where voters in 15 state and one US territory choose candidates for the President of the United States.   This year it falls on March 5.  Super Tuesday is when most states vote in the Presidental Primary Calendar so it is crucial  for the Presidential Candidates to have a Decisive Win to clinch the Presidential Nomination. 

So far Donald Trump is the front runner with a double digit lead in the polls over Nikki Haley, the last major candidate still standing. 

If Trump is successful in Super Tuesday, it seems likely that he will meet Joe Biden to vie for the post of US President on November 5.

They are 2 main Trump Concept Stocks - $Digital World Acquisition Corp(DWAC)$ and $Phunware, Inc.(PHUN)$  

Digital World Acquisition is the Ultimate Donald Trump Stock.  DWAC is a special purpose acquisition company (SPAC) used as a vehicle to take Trump Media & Technology Group public.  When the merger is complete, it is likely to trade on the Nasdaq under a ticker such as "TMTG". 

Trump Media 's main product at the moment is Truth Social, a platform touted as an alternative to X, formerly known as Twitter. 

DWAC has won a bid to get a further 1 year extension for it to finish the business merger with Trump Media and Technology Group.  DWAC now have until September 8 2024 to complete the merger. 

Performance wise DWAC has risen  1.2% today and is up 3% in the past week.  DWAC is now up 166% year todate. 

$Phunware, Inc.(PHUN)$ provides companies with everything they need to succeed on mobile.  Phunware's platform, software, data and services give brands the tools to engage, manage and monetise mobile presence with solutions that touch all phases of the mobile application life cycle. 

Donald Trump has been using Phunware for his presidential campaign.  Today Phunware is up 18% and 73% in the past 5 days.  Phunware has skyrocketed 253% year todate.  However in the past year, Phunware is down 68%.

The upswing came after Donald Trump's triple wins in Idaho, Michigan and Missouri caucuses, getting much closer to the Presidential Nomination from the Republican Party.

Phunware is expected to post quarterly loss of USD 2.33 per share in its upcoming report, indicating an increase of 41% year over year.  Revenues are expected to be USD 2.3 million, down 51% from previous year quarter.

The consensus EPS estimate for Phunware has been revised 16% higher over the last 30 days to the current level.  Phunware carries a Zacks Rank number 2 Buy rating.

Should I Bet on these 2 Trump Meme stocks?

While it looks likely that Donald Trump will secure the Presidential Nomination for the Republican Party, there is no certainty that he would win the 2024 Presidential Election. 

DWAC is merely a SPAC stock without any earnings or profits whatsoever.  Phunware has not been profitable for the past 12 months.  Both stocks are high risks high rewards kind of stocks  and definitely not for the faint hearted. 

Since I prefer to invest in quality stocks that tick the core fundamentals of profitability, strong balance sheet and excellent management team, I would give them a miss. 

Investing is a very individual experience and everyone has different goals and different levels of risk appetite.  There is no right or wrong, just what suits each person. 

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