On October 15, during the U.S. stock night trading session, Trump Media & Technology Group surged more than 6%, following an 18% rise the previous day. The company's stock surge reflects an increase in the probability of Trump winning the upcoming election, as Harris’s lead over Trump on the betting site PredictIt has vanished.

Source: uSMART SG

DJT has gained nearly 90% this month, driven by the increasing likelihood of a Trump victory in November. For a long time, this stock has been used by traders as a way to bet on the election outcome. The dramatic shift in the stock price is a reflection of Trump's rising odds in November, marking it as a barometer for election sentiment.

Currently, the race for the White House remains tight, with both Harris and Trump having a chance to win. However, betting markets and recent polls have started leaning slightly in favor of Trump. DJT’s stock price surge reminds many of previous spikes, such as after Trump's assassination attempt or the televised debate with Biden. Each time the stock jumps, it signals a boost in Trump’s popularity, serving as an indicator of his standing in the public eye. Earlier, when Biden stepped down and Harris took over, Harris maintained a significant lead over Trump. But now, as November approaches, subtle shifts in support between the two have made the race highly competitive. The betting market and DJT stock fluctuations might be seen as unofficial indicators of the election outcome, although this is debatable, adding to the election’s uncertainty.

Matthew Tuttle, CEO of Tuttle Capital Management, stated: “The reason is quite simple. People realize that if Trump wins, this stock could do well. But if he loses, the stock price is likely to fall back.”

DJT's core asset is Truth Social, the social media company founded by Trump. Trump is not only the company's majority shareholder but also its spokesperson.

Aside from the election, the company’s stock has benefited from the fact that the former president continues to hold onto his shares. Many investors speculate that Trump may sell his stock once the lock-up period expires. However, so far, Trump has not disclosed any plans to sell his shares, publicly stating that he will not sell DJT stock.

Nevertheless, Ritter warns that the market has significantly overestimated DJT's value. He remains skeptical of the company, believing its value lies only in the cash on its balance sheet, as it has not demonstrated a business plan capable of generating profit.

How to trade investments on uSMART:

After logging into uSMART SG APP, click "Search" from the upper right corner of the page, enter the target code, such as "DJT", and enter the details page to learn about transaction details and historical trends. Click "Trade" in the lower right corner and select "Buy/Sell" "Send" function, finally fill in the transaction conditions and send the order; the image operation instructions are as follows:

Source: uSMART SG

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