Picking investment winners under a Donald Trump regime has become the market’s latest sport.
How’s this? Shares in gun manufacturers and bullet makers bolted out of the barrel on the back of presidential candidateTrump’s hearing organ injuries aside, the former president and current Republican candidate has already demonstrated his favourable position on watering down gun laws – so an investment punt on Smith & Wesson , Sturm Ruger and Ammo shares was a no-brainer for speculators.
And for some perspective: this company made a meagre $US4 million in revenue last year and tallied up $US58 million in losses.Of course, Trump Media & Technology is not a stock that trades on traditional fundamentals. Its share price gyrates wildly on the political fortunes of the man himself. Awith some wind in its sails, the stock is moving at a clip, thanks to Trump’s refreshed image as a fist-pumping bullet-dodging tough guy and would-be president.But the Trump trade doesn’t stop there.
Strange as it might seem, the share movement in guns/ammunition stocks, prisons, Trump’s social media company and crypto companies appears reasonable compared with some of the Trump-win-inspired stock responses., which said shares of a Chinese company whose local-language name sounds like “Trump Wins Big” soared on Monday.
But there’s more. The report goes on to say Wisesoft first made its name with outsized gains after Trump won the 2016 election, while fellow Chinese firm Yunnan Xiyi Industrial Co, or “Aunt Hillary”, tumbled 10 per cent. And Aucma Co, whose Mandarin name of “Ao Ke Ma” is similar to that of Barack Obama, surged in 2008 after Obama’s victory.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
More than 20 guns registered to father of Trump rally shooterHomeland Security Secretary Alejandro Mayorkas has admitted the attempted assassination of former President...
Read more »
LIVE UPDATES: Donald Trump assassination attempt; FBI says Trump rally shooter appears to have acted aloneBiden says Americans need to “lower the temperature” on their politics; Suspect shooter lived in affluent suburb and was a registered Republican; Australian MPs condemn shooting. Follow for updates.
Read more »
LIVE UPDATES: Donald Trump assassination attempt; FBI says Trump rally shooter appears to have acted aloneBiden says Americans need to “lower the temperature” on their politics; Suspect shooter lived in affluent suburb and was a registered Republican; Australian MPs condemn shooting. Follow for updates.
Read more »
LIVE UPDATES: Donald Trump assassination attempt; FBI says Trump rally shooter appears to have acted aloneBiden says Americans need to “lower the temperature” on their politics; Suspect shooter lived in affluent suburb and was a registered Republican; Australian MPs condemn shooting. Follow for updates.
Read more »
LIVE UPDATES: Donald Trump assassination attempt; FBI says Trump rally shooter appears to have acted aloneBiden says Americans need to “lower the temperature” on their politics; Suspect shooter lived in affluent suburb and was a registered Republican; Australian MPs condemn shooting. Follow for updates.
Read more »
Donald trump shooting: Donald Trump rushed off stage after alleged gunshots ring out at rallyDonald Trump has been rushed off stage after an alleged shooting at a rally in Pennsylvania today.
Read more »