With news breaking earlier this morning that the U.S. and China have finalized a trade understanding, the major equity indices bounced higher on Friday. However, Trump Media & Technology Group (NASDAQ:DJT) suffered a conspicuous decline. While controversial in some circles because of its obvious ties to President Donald Trump, the media company's Truth Social platform will likely be relevant for at least the next three years. As such, DJT stock could be a compelling idea.
Undoubtedly, exposure to Trump Media is risky. Since the start of the year, DJT stock hemorrhaged about 49% of market value. Over the past 52 weeks, the security is down more than 52% at time of writing. However, it's also undeniable that DJT commands meme-like qualities. With the tremendous popularity of the Trump brand, the company that bears the president's name might not stay deflated indefinitely.
