Stocks to rise in a Trump Victory: GEO, DJT, TSLA, RUM, and Key Assets to Watch

With the upcoming U.S. elections, certain stocks are reacting to market speculation around a possible Trump victory. Here’s an in-depth look at four stocks—$DJT, $GEO, $TSLA, and $RUM—that may benefit if Trump wins, along with insights on alternative assets to watch depending on who takes office. Here are the latest prices and trends as of October 29, 2024.

• Why It’s Moving: GEO Group, which operates private, for-profit detention centers and prisons, has surged 150% since the midterms. During Trump’s previous term, the company saw gains from stricter immigration policies and pro-privatization stances. A Trump win could reignite similar policy directions, potentially benefiting GEO’s bottom line, despite ongoing regulatory risk and high volatility.

• What’s Driving It: Trump Media & Technology Group, parent of Truth Social, is benefiting from a five-week rally amid Trump’s campaign momentum, including a high-profile rally at Madison Square Garden. While DJT might continue to rise with the election’s approach, some investors could pursue a “buy the rumor, sell the news” strategy, anticipating that the stock might peak with a Trump win. Growth prospects may be capped by X (formerly Twitter), which has a stronger network effect and user engagement.

• Potential Upside: Tesla’s stock could see gains from a Trump-Musk alignment on business-friendly regulatory policies. While Trump has generally taken a skeptical stance on environmental regulations, pro-business sentiment under a Trump administration could create favorable conditions for Tesla. However, Tesla’s trajectory will depend on how green energy initiatives evolve, as Trump has typically not prioritized them.

• Key Points: Rumble, a social media platform focused on free-speech advocacy, aligns well with Trump’s anti-woke stance. A Trump win could further boost Rumble’s user base and engagement by solidifying it as a preferred platform for alternative discourse, making it more attractive to politically active, uncensored-content-seeking users.

• Precious Metals (Gold & Silver): Inflationary policies anticipated under Kamala Harris could drive up prices for gold and silver, as these assets are traditionally favored for inflation hedging.

• Cryptocurrencies: Digital assets like Bitcoin and Ethereum could see a rise, as investors look to preserve value in decentralized assets. Inflation concerns and expansionary fiscal policies may also boost cryptocurrency appeal.

• If Trump Wins:

• Mortgage REITs (e.g., Rithm Capital $RITM): Currently trading at a discount, mortgage REITs like Rithm Capital may benefit from a Trump administration that aims to stimulate growth, possibly lowering interest rates and triggering refinancing surges. This could make REITs an attractive buy at current levels. For more insights, check out this guide on Singapore REITs, which covers metrics and risks for real estate investments.