Many stocks are benefiting from Donald Trump’s victory in the US presidency, most notably Trump Media, the company that developed the Truth Social platform and owns 57% of it.
Tesla shares may also benefit, as Elon Musk is a major supporter of Trump and will lead the Efficiency Committee.
Energy stocks such as Exxon Mobil and Chevron will also benefit, in light of Trump’s support for oil exploration, as well as iron and steel stocks such as Nucor and Cleveland-Cliffs, with the new president’s support for domestic industry.
MicroStrategy and Coinbase will benefit, in light of Trump’s policies supporting the cryptocurrency market, while Corecivic and Geo Group, which are prison operators, may rise, in light of Trump’s moves to tighten illegal immigration.
