Stock market speculation and surge in Trump Media & Technology Group stock following assassination attempt on Trump

From Nasdaq

July 18, 2024 5:30:12 pm:

Following an assassination attempt on Donald Trump, the stock market saw speculation and a surge in Trump Media & Technology Group (DJT) stock by 31.37%. Other stocks like Vista Outdoor (VSTO) and GEO Group (GEO) are also rising as potential “Trump trades” due to their alignment with Trump’s policies and growth prospects.

Vista Outdoor (VSTO) is positioned to benefit from a potential Trump administration with a year-to-date gain of 25.8% and revenue exceeding $2.1 billion. Analysts rate VSTO a “strong buy,” projecting a potential upside of 10.6% with a mean price target of $41.20 based on a special shareholder meeting set for July 23.

GEO Group (GEO) manages detention facilities and stands to gain under a Trump presidency due to his tough stance on immigration and crime. GEO’s shares have gained 52.6% in 2024 and surged over 9% on Monday. With a mean price target of $19.25, Geo Group is rated as a “Strong Buy” by all three analysts.

MicroStrategy (MSTR) is a major holder of Bitcoin and could benefit from potential crypto-friendly policies under a Trump administration. With MSTR stock up 144% year-to-date and set to split shares, analysts rate it a “Strong Buy” with a mean price target of $2,017.67. MSTR’s next earnings report on Aug. 1 will reveal more about their Bitcoin strategy and software business performance.

Read more at Nasdaq: Forget DJT, Consider These 3 ‘Strong Buy’ Trump Trades Instead