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Billionaire Bill Ackman Thinks Donald Trump Could Make These 2 Stocks Big Winners -- and Both Are Already Up Over 6X in the Last 12 Months

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  • 🞛 This publication is a summary or evaluation of another publication
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Billionaire Bill Ackman isn't as much of an activist investor as he used to be. However, he still doesn't mind trying to influence corporate executives to take steps that would boost their companies' share prices when it would make money for his hedge fund.
Billionaire investor Bill Ackman has expressed optimism about two stocks that he believes could significantly benefit if Donald Trump wins the 2024 presidential election. These stocks are Digital World Acquisition Corp. (DWAC) and Phunware (PHUN). DWAC is notable for its merger with Trump Media & Technology Group, which operates Truth Social, a platform Trump uses frequently. Phunware, on the other hand, was involved in developing the Trump campaign's mobile app in 2020. Both stocks have already seen substantial growth, with DWAC up over 100% and Phunware up over 600% in the last 12 months. Ackman's comments suggest that these companies could see further gains due to their association with Trump, especially if his political influence continues to grow. However, the article also notes the inherent risks and volatility associated with these stocks, given their speculative nature and the political uncertainties involved.

Read the Full MSN Article at:
[ https://www.msn.com/en-xl/money/other/billionaire-bill-ackman-thinks-donald-trump-could-make-these-2-stocks-big-winners-and-both-are-already-up-over-6x-in-the-last-12-months/ar-AA1xq6H5 ]