Paul R. La Monica

Last week’s approval of the merger between the SPAC, Digital World Acquisition Corp. and Trump Media & Technolog means it is only a matter of time before the DWAC shares trading on the Nasdaq will convert to DJT stock. Shares of DWAC tumbled nearly 14% Friday after shareholders gave their blessing to the deal. It has surged a bit more than 130% so far this year as investors have latched on to the stock despite Trump Media & Technology Group’s brief history of unprofitability.

Trump Media & Technology Group began trading Tuesday with its own ticker on the Nasdaq following its completion of a merger with the special purpose acquisition company Digital World Acquisition Corp. The former DWAC stock, now trading as DJT, has skyrocketed more than 300% already this year. Donald Trump’s stake in the company is worth about $5.6 billion.

Trump Media & Technology Group completed a merger with a SPAC. Shares of the merged company rose 35% on Monday.

Kerrisdale Capital said in a report Thursday it is long Bitcoin and short shares of MicroStrategy arguing MicroStrategy is “a proxy for bitcoin which trades at an unjustifiable premium to the digital asset that drives its value.” MicroStrategy’s stock tumbled 11% Thursday. MicroStrategy owned 214,246 Bitcoins as of March 19, the most recent figures available in the company’s filings with the Securities and Exchange Commission.

As goes crypto, so goes the Nasdaq? Barry Bannister, chief equity strategist at Stifel, argues that Bitcoin prices may have topped when they traded above $73,000 in mid-March. Bitcoin has since slipped to around $67,000.

It’s set to report its first-quarter earnings on April 18, and it’s still reasonably priced. Investors should pay attention.

Don’t abandon big growth names because Amazon and Alphabet have a lot of cash and little debt. But adding value stocks and bonds makes sense, too.

The small cap index’s rough start to the year would have been worse if not for two relatively large tech stocks.

The EV maker is having a bad year, but some people on Wall Street say investors are missing the point.

You’d expect a large-cap financial services sector fund to own the biggest banks in America: JPMorgan Chase Bank of America Wells Fargo and Citigroup And those four are all in the top 10 holdings of the Hennessy Large Cap Financial Fund. Ellison said he has owned PayPal the owner of Venmo, since its initial public offering more than 20 years ago and has held it through its ups and downs. While last year was a decidedly down one, he thinks that PayPal will continue to benefit from a generational shift toward using mobile payments, rather than traditional financial products from banks and the credit-card companies.