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Trump Media Stock Drives Meme Mania 2.0. Investors Should Be Wary

Individual investors poured money into Trump Media & Technology Group on the first day of trading for DJT shares following the completion of its merger with blank-check company Digital World Acquisiti

Trump Media Stock Drives Meme Mania 2.0. Investors Should Be Wary

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Investors Should Be Wary","url":"https://stock-news.laohu8.com/highlight/detail?id=2422915288","media":"Dow Jones","summary":"Individual investors poured money into Trump Media & Technology Group on the first day of trading for DJT shares following the completion of its merger with blank-check company Digital World Acquisiti","content":"<html><head></head><body><p>Individual investors poured money into Trump Media &amp; Technology Group on the first day of trading for DJT shares following the completion of its merger with blank-check company Digital World Acquisition Corp.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/19490ad01272d0d55474e839c147bdfe\" title=\"Shares of DJT rose 16% on Tuesday and another 14% on Wednesday.\" tg-width=\"923\" tg-height=\"573\"/><span>Shares of DJT rose 16% on Tuesday and another 14% on Wednesday.</span></p><p>Shares of DJT rose 16% on Tuesday and gained another 14% on Wednesday. And the shares rose another 2% in morning trading Thursday.</p><p style=\"text-align: start;\">“We’re definitely seeing interest among retail investors,” said Bret Kenwell, U.S. investment and options analyst at brokerage firm eToro, in an email to <em>Barron’s.</em> “DJT was the top-traded name on the eToro U.S. platform on Tuesday, accounting for 8% of equity transactions.”</p><p style=\"text-align: start;\">It appears that the meme-stock craze is back. Reddit, the social-media company that was big part of the first round of meme mania in 2021, just debuted on Wall Street last week, and its initial public offering price has nearly doubled as well.</p><p>Investors need to be cautious, though.</p><p style=\"text-align: start;\">“It’s impossible to say how much some of these stocks can rally in the short term,” Kenwell said, adding that the current meme rally “doesn’t seem to have the same fervor as it did a few years ago.” Kenwell noted that many eToro customers are more interested in trading Bitcoin and artificial-intelligence-related stocks like Nvidia.</p><p style=\"text-align: start;\">But others point out that the rally in DJT could be fueled by other factors. The stock is somewhat heavily shorted, so a squeeze could push the price higher, as bearish investors may be forced to buy DJT to cover their positions and cut their losses.</p><p>There’s also the fact that DJT is a somewhat unusual meme stock. Revenue is scant and the company isn’t profitable. Investors seem to be more inclined to buy the shares as a show of support for Trump as he seeks a second term as president this fall.</p><p style=\"text-align: start;\">Trump Media &amp; Technology Group CEO Devin Nunes, a former Republican congressman,told conservative cable network NewsmaxTuesday that “there’s over 400,000 people who have invested in our company so far, and we hope more and more people will invest.”</p><p>Trump’s net worth has leapt in the past few days as a result of the stock’s gains. His nearly 60% stake in DJT is currently valued at around $5.2 billion.</p><p style=\"text-align: start;\">“Traders are jumping into Trump Media,” said David Russell, global head of market strategy at TradeStation, in an email to <em>Barron’s.</em> “DJT is suddenly a big name people have to pay attention to—especially in an election year.” Russell said that DJT was the seventh-most actively traded security on the TradeStation platform Tuesday, ahead of Apple and many of the larger index-based exchange-traded funds.<br/><br/>That’s why some think the political angle could add more fuel to the rally. While the original meme investors in stocks like GameStop and AMC Entertainment Holdings were driven almost solely for financial gains, DJT investors have more than just monetary reasons for buying the stock.</p><p>“You can’t question the fervor of the former president’s political supporters, many of whom have viewed DJT as a call option on the MAGA movement,” said Steve Sosnick, chief strategist at Interactive Brokers. “This is a way to put their money where their mouth is and have an opportunity to profit.”</p><p style=\"text-align: start;\">Sosnick said that the firm’s IBKR brokerage site has seen significant interest in DJT and Reddit. And in the case of DJT, he thinks investors won’t be deterred by the company’s weak fundamentals.</p><p style=\"text-align: start;\">“DJT stock is divorced from valuation metrics,” he said. “But you can’t divorce the politics from the stock.”</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 Drives Meme Mania 2.0. 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Investors Should Be Wary\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\">2024-03-28 22:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Individual investors poured money into Trump Media &amp; Technology Group on the first day of trading for DJT shares following the completion of its merger with blank-check company Digital World Acquisition Corp.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/19490ad01272d0d55474e839c147bdfe\" title=\"Shares of DJT rose 16% on Tuesday and another 14% on Wednesday.\" tg-width=\"923\" tg-height=\"573\"/><span>Shares of DJT rose 16% on Tuesday and another 14% on Wednesday.</span></p><p>Shares of DJT rose 16% on Tuesday and gained another 14% on Wednesday. And the shares rose another 2% in morning trading Thursday.</p><p style=\"text-align: start;\">“We’re definitely seeing interest among retail investors,” said Bret Kenwell, U.S. investment and options analyst at brokerage firm eToro, in an email to <em>Barron’s.</em> “DJT was the top-traded name on the eToro U.S. platform on Tuesday, accounting for 8% of equity transactions.”</p><p style=\"text-align: start;\">It appears that the meme-stock craze is back. Reddit, the social-media company that was big part of the first round of meme mania in 2021, just debuted on Wall Street last week, and its initial public offering price has nearly doubled as well.</p><p>Investors need to be cautious, though.</p><p style=\"text-align: start;\">“It’s impossible to say how much some of these stocks can rally in the short term,” Kenwell said, adding that the current meme rally “doesn’t seem to have the same fervor as it did a few years ago.” Kenwell noted that many eToro customers are more interested in trading Bitcoin and artificial-intelligence-related stocks like Nvidia.</p><p style=\"text-align: start;\">But others point out that the rally in DJT could be fueled by other factors. The stock is somewhat heavily shorted, so a squeeze could push the price higher, as bearish investors may be forced to buy DJT to cover their positions and cut their losses.</p><p>There’s also the fact that DJT is a somewhat unusual meme stock. Revenue is scant and the company isn’t profitable. Investors seem to be more inclined to buy the shares as a show of support for Trump as he seeks a second term as president this fall.</p><p style=\"text-align: start;\">Trump Media &amp; Technology Group CEO Devin Nunes, a former Republican congressman,told conservative cable network NewsmaxTuesday that “there’s over 400,000 people who have invested in our company so far, and we hope more and more people will invest.”</p><p>Trump’s net worth has leapt in the past few days as a result of the stock’s gains. His nearly 60% stake in DJT is currently valued at around $5.2 billion.</p><p style=\"text-align: start;\">“Traders are jumping into Trump Media,” said David Russell, global head of market strategy at TradeStation, in an email to <em>Barron’s.</em> “DJT is suddenly a big name people have to pay attention to—especially in an election year.” Russell said that DJT was the seventh-most actively traded security on the TradeStation platform Tuesday, ahead of Apple and many of the larger index-based exchange-traded funds.<br/><br/>That’s why some think the political angle could add more fuel to the rally. While the original meme investors in stocks like GameStop and AMC Entertainment Holdings were driven almost solely for financial gains, DJT investors have more than just monetary reasons for buying the stock.</p><p>“You can’t question the fervor of the former president’s political supporters, many of whom have viewed DJT as a call option on the MAGA movement,” said Steve Sosnick, chief strategist at Interactive Brokers. “This is a way to put their money where their mouth is and have an opportunity to profit.”</p><p style=\"text-align: start;\">Sosnick said that the firm’s IBKR brokerage site has seen significant interest in DJT and Reddit. And in the case of DJT, he thinks investors won’t be deterred by the company’s weak fundamentals.</p><p style=\"text-align: start;\">“DJT stock is divorced from valuation metrics,” he said. “But you can’t divorce the politics from the stock.”</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0082616367.USD":"摩根大通美国科技A（dist）","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0080751232.USD":"富达环球多元动力基金A","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","BK4554":"元宇宙及AR概念","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","BK4532":"文艺复兴科技持仓","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) 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","BK4553":"喜马拉雅资本持仓","BK4108":"电影和娱乐","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","DJT":"特朗普媒体科技集团","BK4534":"瑞士信贷持仓","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","BK4559":"巴菲特持仓","BK4527":"明星科技股","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","BK4547":"WSB热门概念","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","BK4505":"高瓴资本持仓","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","BK4581":"高盛持仓","BK4512":"苹果概念","LU0238689110.USD":"贝莱德环球动力股票基金","LU0109391861.USD":"富兰克林美国机遇基金A Acc","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU0072462426.USD":"贝莱德全球配置 A2"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2422915288","content_text":"Individual investors poured money into Trump Media & Technology Group on the first day of trading for DJT shares following the completion of its merger with blank-check company Digital World Acquisition Corp.Shares of DJT rose 16% on Tuesday and another 14% on Wednesday.Shares of DJT rose 16% on Tuesday and gained another 14% on Wednesday. And the shares rose another 2% in morning trading Thursday.“We’re definitely seeing interest among retail investors,” said Bret Kenwell, U.S. investment and options analyst at brokerage firm eToro, in an email to Barron’s. “DJT was the top-traded name on the eToro U.S. platform on Tuesday, accounting for 8% of equity transactions.”It appears that the meme-stock craze is back. Reddit, the social-media company that was big part of the first round of meme mania in 2021, just debuted on Wall Street last week, and its initial public offering price has nearly doubled as well.Investors need to be cautious, though.“It’s impossible to say how much some of these stocks can rally in the short term,” Kenwell said, adding that the current meme rally “doesn’t seem to have the same fervor as it did a few years ago.” Kenwell noted that many eToro customers are more interested in trading Bitcoin and artificial-intelligence-related stocks like Nvidia.But others point out that the rally in DJT could be fueled by other factors. The stock is somewhat heavily shorted, so a squeeze could push the price higher, as bearish investors may be forced to buy DJT to cover their positions and cut their losses.There’s also the fact that DJT is a somewhat unusual meme stock. Revenue is scant and the company isn’t profitable. Investors seem to be more inclined to buy the shares as a show of support for Trump as he seeks a second term as president this fall.Trump Media & Technology Group CEO Devin Nunes, a former Republican congressman,told conservative cable network NewsmaxTuesday that “there’s over 400,000 people who have invested in our company so far, and we hope more and more people will invest.”Trump’s net worth has leapt in the past few days as a result of the stock’s gains. His nearly 60% stake in DJT is currently valued at around $5.2 billion.“Traders are jumping into Trump Media,” said David Russell, global head of market strategy at TradeStation, in an email to Barron’s. “DJT is suddenly a big name people have to pay attention to—especially in an election year.” Russell said that DJT was the seventh-most actively traded security on the TradeStation platform Tuesday, ahead of Apple and many of the larger index-based exchange-traded funds.That’s why some think the political angle could add more fuel to the rally. While the original meme investors in stocks like GameStop and AMC Entertainment Holdings were driven almost solely for financial gains, DJT investors have more than just monetary reasons for buying the stock.“You can’t question the fervor of the former president’s political supporters, many of whom have viewed DJT as a call option on the MAGA movement,” said Steve Sosnick, chief strategist at Interactive Brokers. “This is a way to put their money where their mouth is and have an opportunity to profit.”Sosnick said that the firm’s IBKR brokerage site has seen significant interest in DJT and Reddit. And in the case of DJT, he thinks investors won’t be deterred by the company’s weak fundamentals.“DJT stock is divorced from valuation metrics,” he said. “But you can’t divorce the politics from the stock.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":39,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":5,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}