Staff Reports
Trump Media & Technology (DJT) stock is on a remarkable upward swing just as the 2024 election looms large in the horizon. In a stunning show of support, former President Donald Trump has extended his lead in the election betting odds, painting a rather rosy picture for his supporters. DJT stock boasts an impressive gain of about 10% in a single day, topping valuations even higher than Elon Musk’s X platform. Over the past month, the stock has skyrocketed by nearly 250%, neatly coinciding with Trump’s climb in the electoral betting odds.
Remarkably, Trump has held the lead in betting odds for a good 24 consecutive days, turning the tables after a 26-day slump. His current lead over Vice President Kamala Harris is now greater than at any point during the election cycle, sitting at a staggering average of 26.8 points. This surge is telling, particularly as it aligns perfectly with the DJT stock’s meteoric rise in value. Talk about a win-win for Trump supporters who believe in both the man and his moneymaking exploits.
DJT stock surges as betting odds show Trump as clear favorite days before election
Trump Media & Technology (DJT) stock is soaring one week from Election Day as former President Donald Trump has extended his lead in the election betting odds to win the 2024 election.… pic.twitter.com/huG9NeJZ95
— Trump2024_no_matter_what (@TexasTrump2024) October 30, 2024
Polling indicators appear equally favorable for Trump, showcasing his stronger than anticipated performance compared to 2016 and 2020. In nearly every battleground state, polling shows Trump holding significant leads, and his national polling has him nudging ahead by 0.4 points. Although Trump didn’t win the popular vote in the past two elections, he might be poised to outperform national polling for the third time. This time around, the betting odds hint that Harris could face a tough battle in all seven swing states: Pennsylvania, Georgia, North Carolina, Wisconsin, Michigan, Nevada, and Arizona.
Even states once considered secure for Democrats are starting to feel the pressure. Trump has turned up the heat by making places like Virginia and Minnesota competitive, though Harris still holds the polling edge in those states. Harris’s chances to shine look dim when compared to Trump’s resurgence and growing momentum. Who needs a crystal ball when one can simply follow the trends to see that Harris’s campaign is floundering?
As the countdown to election day continues, DJT stock is soaring, going from $11.75 to around $52 in just a few weeks, reflecting the general optimism surrounding Trump’s bid for the presidency. It’s a curious phenomenon where early voting statistics show higher turnout numbers for Republicans, demolishing the Democratic hopes of capitalizing on a traditional voter base. With registration spikes in swing states, where Democrats are losing ground, the mere idea of Harris emerging victorious is starting to look more like a fading mirage than a reality.
So what’s the potential election outlook? If the betting trends hold true, Trump could take home a staggering 312 Electoral College votes. Winning just one of the more competitive Democratic-leaning states could give him an additional 4 to 13 electoral votes, and managing to sweep all four would put him in a commanding position with 35 incoming votes. Meanwhile, the House race is showing Republican momentum as well, flipping the script from past odds and opening up the chance for a substantial legislative shift.
Even as Harris prepares for major public engagements meant to rally her base, the betting odds don’t appear to hold much favor for her. With Trump polling better and defying the odds, the stage is set for a thrilling showdown that Democrats might find tough to win. As enthusiasm swells surrounding Trump, the stock market, and the Republican registrations, it’s time to keep a close eye on the upcoming election.
