Trump-Backed Companies Soar Quadruple Digits!

Written By Alexander Boulden

Updated February 13, 2024

Dear Reader,

Markets continue to climb to all-time highs.

The Dow closed above 38,000 for the first time ever, and the S&P closed above 4,800.

But there are really only a handful of companies pulling the markets higher.

And some aren’t what you’d expect.

So I caution you: Beware of frothiness in the market.

That’s because former President Donald Trump is now involved.

Here’s what I mean…

DWAC Frenzy

You surely heard that Donald Trump won the Iowa caucuses last week. He beat out Ron DeSantis and Nikki Haley in the race, causing DeSantis to drop out completely and endorse the former president.

Now, I didn’t think anything of this in terms of stocks, but others felt it was time to pile into any stock that even remotely had anything to do with Trump.

First, you may or may not have heard of Digital World Acquisition Corp. (NASDAQ: DWAC), but it’s a special purpose acquisition company (SPAC). Remember those? All that means is it’s a blank-check company that focuses on merging with other businesses, whether through stock options, acquisitions, or reorganization.

DWAC’s merger target? Donald Trump.

Now, the company’s only been around since 2021 and had a deadline of merging with Trump’s Truth Social — a media company focused on preserving First Amendment rights. But investors got screwed, as deadlines weren’t met and the stock dropped over 85% in value in 2022.

Honestly, the company had fallen off my radar and I wouldn’t want to touch it.

But ever since Trump won in Iowa, investors are backing these Trump-linked companies yet again.

It’s akin to the meme stock revolution.

DWAC is up 200% month over month.


Word on the street is DWAC is still set to take Truth Social public.

But what about another Trump-linked stock?

Let’s looks at Remark Holdings (NASDAQ: MARK).

Trump Hotels recently announced that employees would be getting Sharecare health insurance.

Yes, Sharecare (NASDAQ: SHCR) rose on the news, but so did Remark Holdings, a partial owner of Sharecare.

Remark Holdings specializes in providing artificial intelligence (AI) solutions and digital media services. The company focuses on developing and deploying AI-based technologies for various applications, including retail analytics, financial services, and AI-driven content creation.

Remark Holdings has been involved in developing facial recognition technology, AI-driven analytics for businesses, and other innovative solutions. The company’s technology is often utilized in areas such as customer engagement, data analysis, and automation.

At one point, it was up 37% last week.


Finally, let’s looks at Phunware

Phunware is a software development company that specializes in providing mobile application solutions. The company focuses on creating software applications for mobile devices, including smartphones and tablets. Phunware’s services include mobile application development, mobile marketing, and enterprise solutions.

According to Reuters, Phunware was hired by Trump’s 2020 presidential reelection campaign to build a phone app.

Also let’s not forget about Rumble (NASDAQ: RUM), another sort-of social media offshoot supposedly focusing on free speech.

According to Reuters, “Following Monday’s surges, Digital World Acquisition has a stock market value of $1.5 billion, with Rumble valued at $1.3 billion and Phunware valued at $121 million.”


I think this is a sign of irrational market exuberance.

We have no idea whether Trump is going to win the presidency, and even if he does, it doesn’t mean that these stocks will generate enough revenue to match the share price.

The market’s frothy.

Not to mention, we’re soon going to see a massive amount of money being pulled out of the market because of the retirement wave.

This year is the start of the baby boomers retiring like falling dominoes.

It’ll be the most our system has ever dealt with.

Coupled with this drama is the fact that the jobs market is not as good as it’s being painted.

According to CNBC, “While 56% of workers themselves to be ambitious, 47% are not focused on career progression at all… Employees are more likely to consider work-life balance, flexible hours and mental health support as more important… Employees would quit rather than give up hybrid work.”

This might seem obvious, something that Europeans have prioritized in their workforce forever.

But the problem is it doesn’t fly in America.

The system is designed so you have to work until you die.

And if you don’t prepare, you will die poor.

It’s just the facts, Jack.

The Wall Street Journal and CNBC just released a shocking report that has Americans shaking in their boots.

The conclusion was very concerning…

Retirement in the United States got a grade of C+, the same grade that Colombia and Kazakhstan received.

According to the study, “Social Security and 401(k) plans leave Americans less secure than retirees in much of the world… Many American retirees are stretched thin and rely on family for financial support.”

One of the culprits?

High inflation, which reduced the spending power of those living on a fixed income.

Make no mistake, we are staring at a crisis of epic proportions. As the Biden administration spends money like a drunken sailor, our national debt is expected to balloon to $89 trillion in the next five years. Read that again: $89 trillion!

But what can you do about it?

You can start by downloading our “Retirement Reset: report, which outlines the stocks and assets you need to live a R.I.C.H. life.

That stands for: Retired. Independent. Carefree. Healthy.

You no longer have to “work until you die.”

If you’re ready to get started living the R.I.C.H life, check out our free e-book today.

Stay frosty,

Alexander Boulden
Editor, Wealth Daily

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After Alexander’s passion for economics and investing drew him to one of the largest financial publishers in the world, where he rubbed elbows with former Chicago Board Options Exchange floor traders, Wall Street hedge fund managers, and International Monetary Fund analysts, he decided to take up the pen and guide others through this new age of investing.

Alexander is the investment director of Insider Stakeout — a weekly investment advisory service dedicated to tracking the smartest money on the planet so that his readers can achieve life-altering, market-beating returns. He also serves at the managing editor for R.I.C.H. Report, a comprehensive service that uses the highest-quality investment research and strategies that guides its members in growing their wealth on top of preserving it.

Check out his editor’s page here.

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