Three stocks are generating buzz among day traders banking on a Donald Trump victory next week. Retail investors have increasingly focused in on Trump Media & Technology , Rumble and Phunware as stocks that can benefit if the Republican presidential nominee for president prevails. That's already sent the names on wild moves — and they could be in for more as Americans head to the ballot box. Some of these stocks have clearer connections to the former president than others.
compiled more information about these names and what's driving interest from some traders: Trump Media & Technology The TruthSocial parent has gained the most attention given the nominee's stake valued at more than $5 billion as of earlier this week. He holds around 114 million shares, which amounts to ownership of more than half of the company. The stock has seen volatile trading over recent days as voting day draws closer.
mountain Phunware, year to date All four analysts polled by LSEG have buy ratings on the stock. The average price target implies shares can rise nearly 90% above the $15 mark. To be sure, price target estimates vary widely within this group — from as low as $8 to as high as $20. Rumble, on the other hand, hasn't seen a similar spike as Nov. 5 gets closer. Still, the company is viewed as a Trump-connected play given its video platform that's popular among conservatives.
's Robert Frank and Fred Imbert contributed to this report.