My Winning Trump Trades
πππThe people of America have spoken and they want Donald Trump to be their 47th President. The US stock market has opened at a new all time high as stocks, Bitcoin and US dollar soared as Trump wins the election.
Trump is big on Cryptocurrency. So it is not surprising that my Crypto stocks jumped. My best performing Crypto stock is $TeraWulf Inc.(WULF)$
Terawulf is a Bitcoin Miner with a laser focus on using zero carbon energy sources. These include nuclear, hydroelectric power and solar energy. Terawulf has also diversified into operating data centers which are required in AI machine learning.
Terawulf 's share price has been on a tear. It has jumped a huge 23% on news of Trump winning the US Presidential Election on Wednesday trading. Its share price is now up 233% year todate. In 2023, Terawulf has skyrocketed 623%!
The price of Bitcoin has surged 11% in a day to USD 76,132. Donald Trump wants to make the US the "Crypto Capital" of the planet. So I believe that Terawulf has lots of upside potential with the change in US administration.
Another winning Trump Trade for me is $Financial Select Sector SPDR Fund(XLF)$
XLF offers an efficient exposure to the heavyweights in the US financial segment. These include Berkshire Hathaway, the Big 4 US banks JPMorgan, Bank of America, Wells Fargo and Citibank as well as Visa, Mastercard, Goldman Sachs and many more.
XLF has risen 6% on Wednesday trading and is up 31% year todate. In 2023, XLF has risen 47%. XLF is the largest ETF under this segment with Assets Under Management of USD 42.55 billion. I have been dollar cost averaging into XLF using Tiger Brokers Auto Invest. I just set it up and let my Tiger App do the heavy lifting.
Trump may introduce possible reforms to banking regulations and corporate tax structures. That is why there is optimism in the air for the financial sector.
Another winning Trump Trade for me is $Energy Select Sector SPDR Fund(XLE)$
XLE is up 3.7% on Wednesday trading and 10.4% year todate. XLE is also the largest ETF in this sector with Assets Under Management of USD 16.23 billion.
Trump has said "Drill, Baby Drill" during his election campaign as he believes in using fossil fuels rather than clean energy. In addition to that, there are geopolitical conflicts in the Middle East and in Ukraine which would benefit the US Energy Giants in XLE.
Trump's campaign has been based on "Make America Great Again" or the MAGA Movement. This means the US companies will be favoured and there will be tax cuts.
The American people wants Change and in Trump, they pin their hopes that Trump will make America Great Again.
I am happy with my Winning Trump Trades and look forward to more upside momentum to my portfolio in the future.
@Daily_Discussion @TigerStars @Tiger_comments @MillionaireTiger @CaptainTiger
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