'Be wary': Analysts raise questions over 'uncertainty' of Trump's DJT stock and merger
DJT, Trump Media & Technology Group Corp., stock has reportedly been performing well, but investors may want to exercise caution.
Investors should not count on Trump Media after last week's surge, following President Donald Trump's announcement of a major merger, according to a Barron's report.
"Investors should be wary. No Wall Street analysts cover Trump Media right now," Barron's reported. "A big bet the company has made on Bitcoin already appears to have gone sour, and it reported a net loss of $54.8 million over the third quarter. Shares are still down 53% for the year despite the recent rally. There is also plenty of uncertainty about the future of nuclear fusion. Barron’s argued last week that the most likely outcome is that the stock’s gains fade as timelines for fusion technology get stretched out, costs rise, profits prove elusive, and capital gets harder to raise."...
