RNC Preview: Security Concerns After Assassination Attempt, Trump Rewrites Speech, VP Pick Coming And More
Portfolio Pulse from Chris Katje
The 2024 Republican National Convention (RNC) is set to nominate Donald Trump as the party's presidential candidate. Security concerns have risen following an assassination attempt on Trump, but no changes to security plans are anticipated. The 'Daily Show' has canceled on-the-ground coverage due to these concerns. Trump Media & Technology (NASDAQ:DJT) shares are soaring in response to the assassination attempt.
July 15, 2024 | 3:15 pm
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POSITIVE IMPACT
Trump Media & Technology shares are soaring following an assassination attempt on Donald Trump. The stock is expected to remain volatile during the RNC and as Trump's odds of winning the 2024 election increase.
The assassination attempt on Trump has increased media attention and speculation around his 2024 election campaign, driving up the stock price of Trump Media & Technology. The RNC and Trump's improved election odds are likely to keep the stock volatile.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
The 'Daily Show,' aired on Comedy Central (a unit of Paramount Global), has canceled its on-the-ground coverage of the RNC due to security concerns. This could impact viewership and advertising revenue.
The cancellation of on-the-ground coverage by the 'Daily Show' could lead to lower viewership and reduced advertising revenue for Paramount Global, negatively impacting the stock in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Similar to PARA, the 'Daily Show' cancellation affects Paramount Global's Class A shares. The impact on viewership and advertising revenue could negatively affect the stock.
The 'Daily Show' cancellation due to security concerns at the RNC could lead to lower viewership and reduced advertising revenue, negatively impacting Paramount Global's Class A shares in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70