Donald Trump announced late in 2022 his bid for the presidency in the 2024 election.
As he has become president again, many companies he has an intimate relationship with could benefit.
Check out the five Trump stocks we feel have the potential to take off.
Related: What Trump 2024 Could Mean For The Markets
Trump Stocks To Watch out For
Trump Media & Technology Group Corp (NASDAQ: DJT)
Digital World Acquisition Corp commenced trading on the Nasdaq Global Market on September 3, 2021, raising $250 million by selling 25 million units at $10 each in its IPO.
On October 20, 2021, DWAC entered a definitive merger agreement with Trump Media & Technology Group (TMTG)—the operator of the Truth Social app—to combine into a public company.
Initial news of this merger deal triggered a massive rally: DWAC shares closed at $94.20 on October 22, 2021, after an intraday high of $175.
Truth Social, launched by Donald Trump on February 21, 2022 following his permanent suspension from Twitter on January 8, 2021, is designed to rival major social networks like Twitter and Facebook.
After several SPAC‑extension votes—four three‑month extensions approved in August 2022 and a one‑year extension on September 5, 2023—DWAC shareholders finally approved the merger on March 22, 2024.
The U.S. Securities and Exchange Commission declared the transaction effective on February 15, 2024, valuing the combined company at up to $10 billion and granting Trump an estimated 58.1 %–69.4 % stake.
Under the terms of the merger agreement, Trump is subject to a six‑month lock‑up on his DJT shares, though the board may waive this restriction.
Trading of the merged entity under the new ticker DJT began at market open on March 26, 2024.
Shares of DJT initially surged over 40 % to as high as $51.80 in their first session before retreating, and have since stabilized in the mid‑$20 range amid profit‑taking and ongoing litigation uncertainties.
Phunware Inc. (NASDAQ: PHUN)
Phunware Inc. is a provider of multiscreen‑as‑a‑service mobile software and blockchain technology headquartered in Austin, Texas (with offices in San Diego, Miami, and beyond).
Founded in 2009, Phunware is a pioneer of multiscreen-as-a-service software.
It helps many of the world’s most well-known brands redefine the mobile experience.
As an all-in-one platform, Phunware provides companies with the tools to build a mobile presence.
These organizations can then manage and monetize these systems on their own.
Its cloud platform powers the online experience that users walkthrough.
In turn, this helps brands unify strategies and make educated consumer-based decisions.
Phunware already has industry solutions for several business models. These include retail, healthcare, hospitality, sports, and entertainment.
Donald Trump has taken an interest in what Phunware can do. The former president hired the company in 2020 to build a smartphone application.
The application was tied directly to Trump’s attempt to be president that year. Phunware could once again become part of the Trump campaign and potential reelection.
Phunware’s stock price has not seen much positive movement over the last few years as it continues to find its place in the market.
Again partnering with Donald Trump could be the catalyst for a boost in share performance.
Rumble Inc (NASDAQ: RUM)
Rumble is an online video platform similar to the likes of YouTube. It launched in 2013 and has headquarters in Florida and Ontario.
The company’s developers created the service to give small content creators a voice.
Where other sites favored influencers, Rumble became a place for small content creators to express themselves.
This ideology resonated with a lot of people. From 2020 to 2021, Rumble’s user base grew by 35 million users in one year.
In 2021, Rumble acquired Locals to further develop its creator economy. This premium software service allows content creators to connect more intimately with core supporters.
The platform has become popular with conservatives, and Donald Trump in particular.
The Trump media app Truth Social announced it would join Rumble’s ad platform as a publisher in August of 2022.
In 2023, the interactive video site announced a partnership with Donald Trump, Jr. for a biweekly livestream show. Called Triggered with Don Jr., it covers current events and has over 1.35 million followers.
Being somewhat intricately tied to the Trump family, Rumble could stand to gain from presidential reelection.
ExxonMobil (NYSE: XOM)
Company Overview
- ExxonMobil Corporation traces its origins to the founding of Standard Oil Company in January 1870, making it 155 years old in 2025.
- The modern ExxonMobil was created in 1999 via the merger of Exxon and Mobil, uniting two of the largest Standard Oil successors.
- The company is headquartered in Spring, Texas (a suburb of Houston) and maintains operations in over 50 countries, with exploration and production activities on six continents.
- ExxonMobil’s integrated business spans four segments—Upstream; Energy Products; Chemical Products; and Specialty Products—covering everything from crude‐oil production to petrochemicals and lubricants.
- Its brands include Esso, Exxon, Mobil, and ExxonMobil, and it owns XTO Energy, a leading U.S. natural‑gas producer.
Political Sensitivity
- When Donald Trump won in 2016 advocating energy independence, companies like ExxonMobil benefited from deregulatory policies and higher domestic output.
Financial Performance
- Over the past year, XOM shares have traded in a 52‑week range of $97.80 to $126.34, representing a 29% high‑to‑low swing, with a trailing one‑year total return of 9.15% versus the S&P 500’s 3.84%.
- In Q4 2024, ExxonMobil reported $83.4 billion in total revenues (down 1.1% YoY) and $7.6 billion in net earnings (U.S. GAAP), or $1.72 per diluted share.
- The quarter generated $12.2 billion of operating cash flow and $8.0 billion of free cash flow, and the company returned $36.0 billion to shareholders through dividends and buybacks in 2024.
- For Q1 2025, analysts forecast $1.70 in adjusted EPS, supported by $74.98/bbl average Brent prices and a 30% rise in U.S. natural‑gas prices sequentially.
RTX Corp (NYSE: RTX)
RTX Corp (formerly Raytheon Technologies) has major ties to American aerospace and defense initiatives.
The company is headquartered right in Arlington, Virginia.
Over 180,000 employees serve RTX’s three businesses, covering everything from mission systems and structures to engines and innovative applications for the future.
It’s so prevalent that an aircraft carrying RTX technology takes off every second.
On the military side, some 90% of all Department of Defense and commercial space launches carry RTX products.
This influence extends to many more countries around the globe.
Donald Trump has always been vocal about United States defense, and we don’t anticipate that changing.
That puts RTX in a prime position to gain traction if he becomes president again.
RTX may be worth scooping up now while we wait for election updates.
Shares have been trending upward since 2009 despite a few hiccups along the way.
An engine defect put the company in the red this fall, but its stock price is already starting to reverse direction.
We may be looking at a rare opportunity to buy at a slight discount.
Are Trump Stocks a Good Investment?
Trump stocks certainly could be a good investment as he has won the 2024 election.
Whether we like it or not, Trump’s words and actions often impact the companies he touches. Simply his announcement to run again in 2024 caused some stocks to stir.
Anything can happen between now and the next election time. There’s no guarantee that Trump will become the 2029 republican candidate.
Investors wanting to jump in on Trump stocks now could see spikes or decay. It all depends on how the former president approaches his campaign.
As he became the 47th president, the stocks mentioned in this article could likely see positive movement.
The companies in this article are tied to Trump in some way. Each one is worth keeping an eye on even if a reelection doesn’t come to pass.
There’s little doubt that Donald Trump will continue to appear in the media in the coming months. Keeping a close eye on his strategy will help guide you in investing.
As with any investment, it’s essential to do your research before investing.