-Crypto stocks, gun stocks and shares of other companies that could benefit from a Donald Trump presidency jumped on Monday after an assassination attempt on the Republican candidate boosted expectations he would win the November election.
On politics wagering website PredictIt, contracts for a Trump election victory traded at 68 cents, up from 60 cents on Friday, with a potential payout of $1. Contracts for a Biden victory were at 26 cents. Software developer Phunware, hired by Trump's 2020 presidential re-election campaign to build a phone app, gained 4%, while video-sharing platform Rumble, popular with conservatives, added 13%.
"In the absence of any real policy proclamations from Trump, traders are finding themselves having to speculate," said Mark Malek, chief investment officer of Siebert Financial Corp.