Trump Media & Technology Group (NASDAQ: DJT) stock could become a hot buy after Donald Trump's election win last week. As the former president heads back to the Oval Office next year, there could be a lot more excitement around Trump Media stock and anything related to the Trump brand.

It is no surprise that Trump Media & Technology Group (NASDAQ:DJT) is up 6% in noontime trading following Donald Trump's spectacular election victory. Yet that is well below the 20% surge it posted when it burst out of the gate at the stock market's open.

As the United States approaches the election, Trump Media & Technology Group Corp (NASDAQ:DJT) has seen a notable 5.15% increase in pre-market trading on Tuesday, as per Benzinga Pro. This surge comes as traders perceive the company’s stock as a potential indicator of Donald Trump’s reelection chances.

With the winner of the 2024 presidential race being called sooner than many had expected, markets are on the rise. Trump-linked stocks are seeing the biggest gains. Stock market futures are up across the board in premarket trading this morning after Donald Trump was declared the winner of the 2024 presidential election.

President-elect Donald Trump holds the majority of stock in Trump Media. DJT shares have dramatically fluctuated in value since becoming publicly traded

Trump Media insiders sold stock worth more than $16 million in the days after last week’s presidential election, according to a series of filings late Tuesday.