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More eye-popping numbers for Trump Media — even if you want to short DJT stock

In Business
April 06, 2024
Donald Trump called his social-media platform “amazing” on Thursday, but DJT shares were down 26% for the week through that day’s close.

Donald Trump called his social-media platform “amazing” on Thursday, but DJT shares were down 26% for the week through that day’s close. – MarketWatch photo illustration/Getty Images, iStockphoto

After former President Donald Trump merged his Truth Social platform with Digital World Acquisition Corp., shares of Trump Media & Technology Group Corp. shot up last week.

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But some investors might be wondering how successful the company — with a market capitalization of $6.6 billion at Thursday’s close — might become. The company booked only $4.13 million in revenue during 2023, with a net loss of $58.2 million. This week shares of Trump Media & Technology Group DJT were down 26% through Thursday.

What if you think it is a good idea to bet on a further decline of DJT shares? Tomi Kilgore broke down the numbers for traders looking to short DJT stock.

More of this week’s coverage of DJT and Trump:

How the U.S. presidential election might affect healthcare stocks
- MARKETWATCH ILLUSTRATION/ISTOCKPHOTO

– MARKETWATCH ILLUSTRATION/ISTOCKPHOTO

For this week’s ETF Wrap, Isabel Wang surveyed the political landscape and spoke with money managers about the healthcare sector. They see a silver lining for health stocks during the Biden-Trump political rematch, despite the sector’s pullback following its strong first quarter.

Healthcare news: Diabetes medication appears to slow progress of Parkinson’s disease in French-backed trial

April is Financial Literacy Month
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– Getty Images

MarketWatch Editor in Chief Mark DeCambre kicked off Financial Literacy Month by explaining why learning more about how you make decisions can be the most important step toward improving your financial health.

Check out MarketWatch’s Financial Fitness page for a roundup of articles about money and life.

Some examples:

Housing and how to afford it

Aarthi Swaminathan covers all aspects of the U.S. housing market. In the video above, she breaks down the numbers buyers need to look at to determine whether or not they can afford a home at a particular price. Avoiding one common mistake can save you a lot of money.

Even if you are not a first-time home buyer, the video might be useful to someone you care about who is making their first foray into the bewildering world of housing finance.

More housing coverage:

If you like index funds, here’s an easy way to diversify beyond the S&P 500

Recent warnings about a high stock market have centered on its rising valuation relative to expected earnings — especially for the largest companies. The forward price-to-earnings ratio for the S&P 500 SPX, based on the rolling weighted 12-month earnings estimates, has increased to 20.9 from 18.2 over the past year, according to FactSet.

Growth stocks appear to be particularly expensive, making value stocks more compelling, as Joseph Adinolfi explained.

And if you would like to add exposure to value stocks, here’s an easy way to do it while also diversifying away from the S&P 500 with an exchange-traded fund that has outperformed the index.

More stock-market coverage:

Company news
Sales for Levi Straus & Co. have been boosted by increasing demand for loose-fitting jeans, according to the company.

Sales for Levi Straus & Co. have been boosted by increasing demand for loose-fitting jeans, according to the company. – Levi’s

Sometimes analysts will focus on companies’ operating numbers, digging into cash flow or profit margins, to provide insight for investors. But what about threats and opportunities from changing tastes among consumers?

Levi Straus & Co. LEVI said it was benefiting from renewed interest in loose-fitting jeans, while an analyst wrote that the trend could hurt Lululemon Athletica Inc. LULU, as Emily Bary reported.

More on companies and fashion trends:

More coverage of companies:

The Ratings Game

In the Ratings Game column, the MarketWatch Companies team monitors coverage of stocks by analysts working for brokerage firms. Here are some stories from the past week:

It’s not too late to improve your retirement-saving plan

Alessandra Malito writes the Help Me Retire column. This week she answered questions from a 50-year-old woman who was looking to jump-start her retirement savings while also considering a home purchase.

More on retirement planning:

A tax question: Our father died, then our stepmother passed away. Will my siblings and I owe taxes when we sell their house?

The Moneyist dispenses advice
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– MarketWatch illustration

Quentin Fottrell — the Moneyist — digs into all sorts of problems involving finances and family in response to questions from readers. Here’s some of his latest advice:

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