Trump’s seven wonders: the stocks that have taken off since election day in the US

While investors around the world are trying to assess how the incoming US President Donald Trump will affect the markets, the Marketwatch website marks seven stocks that have soared in an extraordinary way since his victory on November 5, 2024.

Some of these stocks, which have been given the nickname MAGA Seven (a pun on the Magnificent Seven of Wall Street), are directly or indirectly related to Trump or his administration’s policies, while others are riding the bullish wave in the markets. All had market capitalizations of $15 billion or more as of Election Day. These are:

Tesla

The electric car giant Tesla owned by Elon Musk, has risen nearly 70% since Trump’s election as US president, and is the only one on the list that is also included in Wall Street’s Magnificent Seven. Musk, as we know, donated an estimated $200 billion to Trump’s campaign, and also stands At the head of the government’s new efficiency department.

At Marketwatch we noted that Trump seems attentive to Musk’s wishes; Earlier this month, Trump sided with Musk’s position regarding the H1-B visa policy, which allows non-American citizens who work in certain fields (mainly technology) to stay in the US. According to reports abroad, Musk, as well as the owners of other technology companies, have Many workers who hold this type of visa.

Tesla’s market value currently stands at approximately $1.37 trillion.

MicroStrategy

The crypto company micro-strategy which has held Bitcoin as its main asset since 2020, has jumped significantly since the meteoric rally of Bitcoin recorded in recent months, and in particular against the background of Trump’s promise to establish a national reserve of the cryptocurrency.

Marketwatch noted that earlier this month, the company announced a capital raising of two billion dollars, which will be used, among other things, to purchase more bitcoins. The stock has registered an increase of approximately 74% since election day, and its current market value is approximately $97.7 billion.

Coinbase

Crypto trading company stock, Coinbase has risen about 52% since November 5, and its market capitalization now stands at about $74 billion. Coinbase is expected to get a significant windfall from the Trump administration’s crypto strategy.

However, Patrick O’Shaughnessy, an analyst at Raymond James, noted that he expects a lot of competition from non-crypto-only trading platforms, which is expected to weaken Coinbase compared to other crypto companies.

Apple wine

company Applovin which developed a platform for digital advertising in apps, has taken off about 107% since Trump’s election victory. The increase was due, among other things, to optimistic forecasts for the company’s revenues, as well as to the success of its AI-based ad recommendation engine, AXON. Its market value is close to 115 billion dollars.

Marketwatch noted that the analysis company Benchmark recently gave the company a buy recommendation, with a target price of $375 per share. “The key factors responsible for the increases include continued progress in the company’s AXON AI technology, which not only allows the company to expand into other areas such as online commerce and smart TVs, but to drive significant growth in its core area – mobile game advertising,” said Mike Hickey, an analyst at Benchmark.

Robinhood Markets

On election day, the online trading company Robin Hood Markets reported its busiest trading session ever. Marketwatch reported that the company, which also offers cryptocurrency trading, is expected to receive a significant windfall from changes in the regulation of crypto trading that the Trump administration is expected to lead.

The stock has taken off by about 93% since election day, and its market value has grown from about $22 billion to about $42.6 billion today. Dan Dolev, an analyst at Mizuho Securities, recently wrote that “A more crypto-friendly government with a less rigid regulatory approach is expected to lead to faster adoption of Bitcoin, which is expected to result in higher trading volumes. While all crypto companies are expected to rise, we favor the company over Coinbase, for investors looking for medium-long term exposure to Bitcoin.”

Ubiquity

The communication products company Ubiquity It has taken off by about 56% since Trump’s election, but this as part of an even more significant rally, during which it recorded a 224% increase in the last 12 months. The company recorded record revenues in the last two quarters, and its market value now stands at approximately $24.6 billion.

Marketwatch noted that the financial company BWS Financial recently raised the target price of the stock from $385 to $440. Hamed Korsand, a BWS analyst, stated that in his estimation, the company’s sales are expected to grow throughout the year, and that its free cash flow may lead to it increasing the dividend it is expected to distribute.

Williams-Sonoma

Although it has no direct connection to Trump, Marketwatch flagged the home goods retailer’s stock Williams-Sonoma As one that has registered a significant increase since November 5th. The stock has recorded an increase of approximately 50% since election day, and has broken all-time records several times in the recent period, among other things, against the backdrop of larger than expected revenues and profits in the third quarter of 2024. The company’s CEO, Laura Elber, commented on the results after the publication and said that The company’s strategy, which focuses on returning to growth, upgrading customer service and increasing profits, also raised its price at the investment bank Morgan Stanley The target of the stock to 170 dollars, and positively noted the steps taken by the company.