Is the Trump trade back? The performance of Trump Media & Technology stock has become highly correlated with Trump's own prospects in the presidential race as the business itself has little to offer investors at this point as its quarterly revenue is less than $1 million. In the presidential race, the month was marked by a solid showing by Trump's running mate, JD Vance, in the vice presidential debate and generally positive poll numbers for Trump, leading to increased predictions that he would win the election. On the betting site Polymarket, a French trader bet more than $30 million on Trump's victory based on his analysis of polls. Last Friday, a New York Post article said that Trump Media's surge was driven in part by a belief that Elon Musk could buy Trump's struggling media company. Spending several billion dollars on a profitless social media company would be odd for Musk when he owns X, formerly Twitter, but it's certainly possible that buyers of Trump Media stock believe that's a possibility given Musk's strong support of the Trump campaign. A social media user on their smartphone and computer. Image source: Getty Images. Can Trump Media stock hold its gains? The stock has pulled back since peaking last Wednesday based on some evidence of Harris clawing back some of Trump's gains. The well-respected Selzer poll also showed that Harris was ahead in Iowa, a state that was assumed to be safe for Trump. Expect the stock to move wildly on Wednesday in response to the election results, even if the winner isn't clear. The stock's movements on Tuesday could also indicate who investors expect to win based on exit polls. If Trump loses the election, the stock could head a lot lower. Even if he wins, it's not yet clear how Trump Media will become a profitable company in a challenging media environment. Don’t miss this second chance at a potentially lucrative opportunity Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this. On rare occasions, our expert team of analysts issues a “Double Down” stock recommendation for companies that they think are about to pop. If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves: Amazon: if you invested $1,000 when we doubled down in 2010, you’d have $22,292!* Apple: if you invested $1,000 when we doubled down in 2008, you’d have $42,169!* Netflix: if you invested $1,000 when we doubled down in 2004, you’d have $407,758!* Right now, we’re issuing “Double Down” alerts for three incredible companies, and there may not be another chance like this anytime soon.