President Trump's deal with FCC saved EchoStar from bankruptcy, causing stock surge of 56.2% in June.

President Trump intervened to broker a deal between EchoStar and the FCC, saving the company from bankruptcy. EchoStar’s stock surged 56.2% in June amid the controversy. Trump’s intervention bought EchoStar more time to finalize a deal with the FCC. Despite the stock’s rise, EchoStar still faces a $26 billion debt load and uncertain wireless business prospects. Investors are advised to stay cautious, as the stock may be overvalued. The Motley Fool suggests other stocks for investment, as EchoStar did not make their top 10 list. EchoStar’s future remains uncertain despite avoiding bankruptcy.

Read more at Nasdaq: Why EchoStar Rocketed 56.2% in June