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.