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If Trump is victorious, it could drive traffic and badly needed advertising dollars to Truth Social, which has become the former president's main online megaphone for promoting himself and attacking his political foes. A victory by Trump could also provide a big jolt to shares of Trump Media and reward the more than 600,000 individual investors who make up its most loyal shareholders.
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Historically, stocks mostly trade above these long-term trend indicators in a roaring bull market. In the event of declines such as the current one, they tend to fall below the 200-DMA, an indication of deep-rooted weakness in the market. The 200-DMA signifies a stocks trend over the past year. A year has roughly 200 trading sessions.
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It demands a P/E multiple of 24 based on FY24 earnings while its enterprise value works out to be nearly 23 times Ebitda. Adani Green Energy, a larger peer, trades at FY25 expected P/E of 113 and EV/Ebitda of over 34.
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