Stocks like Tesla, Coinbase, MicroStrategy, and Robinhood Markets expected to gain under Trump 2.0

From Nasdaq
January 21, 2025 3:05:00 pm:

A new set of stocks, including some of the Magnificent Seven, are poised to benefit from Donald Trump’s return to the White House for a second term. Notable stocks like Tesla, Coinbase, MicroStrategy, and Robinhood Markets are expected to gain as Trump vows to avoid new tariffs and introduce crypto-friendly policies.

Tesla’s shares have surged 69.6% since the election, with a market cap of $1.4 trillion. Trump’s support for Elon Musk and regulatory tweaks in favor of Tesla’s robotaxi development have boosted investor confidence. Tesla’s expected earnings growth is 7% for the current quarter and 60% for the next.

Coinbase, a cryptocurrency exchange platform, has seen its shares soar by 52.3% post-election, with a market cap of $74 billion. Trump’s crypto-friendly policies and COIN’s growth trajectory have led to an expected earnings growth rate of 1,410.81% for the current year.

MicroStrategy’s shares jumped 74.1% since the election, hitting a market cap of $97.7 billion. Trump’s initiatives to build a bitcoin reserve have increased the appeal of MicroStrategy’s stock, with brokers raising the average price target by 41.5% to $561.

Robinhood Markets’ shares have climbed 92.9% since the election, reaching a market cap of $42.6 billion. Trump’s plans to expand online retail brokerage for crypto securities and the company’s growth initiatives have led to an expected earnings growth rate of 249.2% for the current year.

Read more at Nasdaq: Trump 2.0 Begins: Tesla & 3 More Stocks to Gain the Most