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Bloomberg

Love Him or Hate Him, Retail Traders Are Buying the Trump-Tied SPAC

Retail traders are putting aside politics for profits when it comes to former U.S. President Donald Trump. Popular haunts of individual investors such as Reddit and StockTwits lit up this week with news that blank-check company Digital World Acquisition Corp. will merge with Trump Media & Technology Group. The SPAC, which trades under the ticker DWAC, had rocketed up more than 1,200% since Wednesday, with outsize volatility triggering at least 12 trading halts on Friday.
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3 Stocks to Avoid This Week

Digital World Acquisition was a nine-bagger last week. Selling into the hype on SPAC deals is usually the right call. Pinterest reports financial results this week, and a bad report may make it less attractive a buyout candidate. PetMed Express hasn't posted double-digit growth in 12 years. It's still going...
STOCKS
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InvestorPlace

MARK Stock: 13 Things to Know About Remark Holdings as DWAC Frenzy Takes It Higher

Remark Holdings (NASDAQ:MARK) stock is rocketing higher on Monday as investors connect the company to former President Donald Trump. Let’s jump into today’s news below to see what has investors excited about MARK stock. First off, it’s worth pointing out Digital World Acquisition (NASDAQ:DWAC) It’s a special purpose acquisition company...
STOCKS
InvestorPlace

DWAC Halt Alert: How Long Do Stock Halts Last? Why Do They Happen?

Today, Digital World Acquisitions (NASDAQ:DWAC) is one special purpose acquisition company (SPAC) that’s surging. Indeed, this SPAC has seen incredible momentum over the past two days. The fact that DWAC stock has surged more than 1,000% in just two days has made many investors a lot of money. However, today’s news of a DWAC halt by the Nasdaq has some investors wondering — What’s going on?
STOCKS

Penny Stocks To Buy Today? 3 To Watch After Trump Media DWAC Jumps

Why These 3 Penny Stocks Exploded During Today’s Trading Session. Penny stocks are known for their volatility. But with that can come big moves in the market. Whether it’s because of an industry update or a company acting as the bellwether for a broader sector move, the potential for large gains is apparent. Right now, we’re seeing plenty of sympathy sentiment drive gains for plenty of cheap stocks in the market today. What’s more, with Bitcoin hitting over $66,000 (all-time high) only a day earlier and the S&P 500 reaching its sixth consecutive day of gains, investors are back in the risk-on trade. These aren’t the only trends helping drive bullishness in stocks.
STOCKS
pennystocks.com

Best Penny Stocks to Watch as DWAC Stock and PHUN Stock Climb

3 Penny Stocks That Investors Are Watching With DWAC Stock Pushing Up. With October finishing strong for penny stocks, there is a lot of bullish sentiment in the market right now. Most of the movement in the past week has been with two ‘meme stocks’ or stocks that have received a lot of attention online.
STOCKS

Digital World CEO says more Trump deal details coming

Oct 22 (Reuters) - Digital World Acquisition Corp (DWAC.O) Chief Executive Patrick Orlando said that a regulatory filing providing more details on his deal to take former U.S. President Donald Trump's new social media venture public will be published "soon". Digital World has provided few details thus far about the...
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2 Biotech Stocks That Could Go Parabolic This Week

Aurinia Pharmaceuticals is likely to be bought out soon. Ocugen's stock may catch fire on a key regulatory update. Stocks rarely go straight up. When they do, the uncommon occurrence is called a "parabolic move." In stock terminology, such as move is defined by a sudden and dramatic increase in buying volume, thereby causing the company's share price to rapidly rise in a manner that resembles a parabola.
MEDICAL & BIOTECH
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