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Top Performing Indian Stocks Best Stocks For Traders ✌️【Capital Investment】✌️ Free stock selection service with professional advisors offering the best investment portfolio for stable growth. The president-elect’s 114.75 million shares were briefly worth about $5.3 billion based on those early gains, up from $3.9 billion when trading ended on Election Day. Of course, those are only paper gains and in practice it would be difficult for Trump to sell much of those shares without tanking the price.
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But between September 23 and the end of October, Trump Media more than tripled in value — a stunning spike driven by bets that Trump would win the White House.
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“A lot of people got fooled by the Iowa poll,” Tuttle said, referencing apolllast weekend that found Trump no longer in the lead in a state he won twice.
Top Performing Indian Stocks Best Stocks For Traders ✌️【Capital Investment】✌️ Free global stock market data to help you plan the best investment strategies and seize market opportunities. Still, it’s hard to make sense of Trump Media’s price tag. At about $9.5 billion, it is now valued at more than twice Macy’s and quadruple JetBlue.
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“The magnitude of his victory helps, but longer term they need to come up with some sort of strategy,” Tuttle said.
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“Fundamentals don’t matter,” said Michael Block, chief operating officer and co-founder at AgentSmyth, an autonomous AI agent platform for investment ideas.
Block argued the market value reflects the value of a media company branded by “someone shaping up to be perhaps the most consequential person of the 21st century.”
“Forget about the past 40 years and the string of bankruptcies. Think about the here and now and what the brand is worth,” Block said.
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