Weekly Big Updates On Markets & Trending Insights #9 By OPM Capital

Market Update End of Week + Felix’s Portfolio Watchlist

3 Critical Events To Watch As They Influence Markets and Your Money

1 - Trump Media Takes Off 📈

Trump Media & Technology Group, led by former President Donald Trump, made headlines with its Nasdaq debut this Tuesday. The company behind Truth Social saw its shares pop 16% on its first trading day – and the stock has continued to climb ever since.

This Surge increased Trump’s 60% stake to NEARLY $5 BILLION

Behind the Scenes

This public debut was facilitated through a SPAC (special purpose acquisition company). In this case, Trump Media merged with Digital World Acquisition Corp to bypass the traditional IPO route.

This method, while quicker and less scrutinized, meant no S-1 filing was required. As a result, investors are left with less clarity on the company’s financials.

SPAC mergers have become a popular alternative for companies seeking public status without the rigorous scrutiny of an IPO. However, they have not performed well as of late – likely for the same reason.

Market Performance

The political importance of Trump Media has turned it into a meme stock and a battleground for Trump’s supporters and detractors. So far, the bulls are winning.

But short-term sentiment can only last for so long. At some point, the company’s underlying fundamentals must justify its performance.

Over the next year, Trump Media’s performance will likely track Trump’s performance in the presidential race. So before you get caught up in this frenzy, remember that investing is for the long term.

2 - Krispy Kreme and Mickey D’s is a dangerous combo 👀

McDonald's breakfast just jumped up a notch.⁠

After a pilot program in Kentucky was an overwhelming success, Krispy Kreme and McDonald's have announced a nationwide expansion of their partnership.⁠

Krispy Kreme will deliver its donuts to restaurants each morning, and they'll be available for purchase throughout the day.⁠

For both sides, the partnership is a huge win. McDonald's gets to beef up its breakfast offerings with an established brand and Krispy Kreme more than doubles its "points of access" for consumers with the deal. ⁠

Launching during the second half of this year, the nationwide rollout is projected to finish by the end of 2026.⁠

Following the news, Krispy Kreme shares hit their highest level since January 2022, climbing 40% to close the day.⁠

3 - Robinhood Launches Credit Card in Attempt to Expand Financial Services 🚀

The online brokerage firm that was home to meme stock mania is growing up. ⁠ ⁠

This week, Robinhood launched its shiny new Gold Card, the latest of the company's efforts to expand its offerings beyond its commission-free stock trading app.⁠

Sign up here to be on the waitlist

The no-annual-fee card will only be available to Robinhood users who subscribe to its Gold program, which costs $5/month or $50/year. ⁠ ⁠

The card offers 3% cashback on all purchases, plus 5% back on travel booked through Robinhood's portal. Customers can invest that cash via their Robinhood brokerage accounts, but the credit card will live on a separate app.

⁠Robinhood has visions of becoming the everything platform for personal finance. Last week, it became available in the UK, operating outside the US for the first time. And last year, it introduced retirement savings and now does a 3% IRA match for Gold Members.

As of last month, ~500,000 accounts were open and deposits surpassed $3 billion, according to CEO Vlad Tenev. ⁠

Sign up here to be on the waitlist

P.S I hold Robinhood stock - expecting to hit high $30s by end of year