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Jay Ritter

Stock Market Election Indicator Predicts 2024 Presidential Race

Known as the “Presidential Predictor,” the longstanding stock-market-based indicator method has successfully forecast the outcome of 21 of the past 24 elections. The S&P 500’s prediction is not without skeptics. Some experts like Cordell Eminent Scholar Jay Ritter caution that

Jay Ritter

A week before the election, DJT stock surges amid Trump’s rise in the betting markets

Shares of former President Donald Trump’s social media company rose nearly 9% Tuesday to $51.51 in a rollercoaster trading session that saw the stock halted several times due to extreme volatility. Cordell Eminent Scholar Jay Ritter explains why in these

Jay Ritter

Trump Media stock soars nearly 200% as momentum traders ride its coattails to chase major returns

Despite its recent rally, TMTG’s financial performance has been lackluster. In the first half of this year, the company reported losses of $344 million on revenues of $1.6 million. However, over the last few weeks the stock’s momentum could have

Jay Ritter

‘DJT’ is booming. Here’s why other SPAC stocks haven’t been so lucky.

A surge of companies decided to go public via SPAC mergers in 2020 and 2021. Since then, not so much. Cordell Eminent Scholar Jay Ritter shares his insight in this story from MarketWatch. 

Jay Ritter

Lower rates, surging stock market fail to ignite US IPO market

Public listings on Wall Street have seen a slow comeback in 2024 despite a resilient US economy, a long-awaited interest rate cut by the central bank and stock valuations hitting record highs. Experts like Cordell Eminent Scholar Jay Ritter say

Jay Ritter

US IPO market picks up steam as election looms

The US IPO market is seeing renewed momentum as the 2024 presidential election approaches, with investors and analysts eyeing potential opportunities ahead. This resurgence follows a prolonged period of stagnation, sparking confidence that the market is turning a corner. “In the

Jay Ritter

Trump Media stock mysteriously plunges

There did not appear to be any new developments or announcements that would explain the sudden plunge. But Trump Media is a notoriously volatile stock. Cordell Eminent Scholar Jay Ritter comments on the latest movement of the stock.  Read what

Jay Ritter

Investment banking is making big bucks right now

Morgan Stanley is one of many banks that have been reporting quarterly results over the last few days. Investment bankers earn revenue is by helping corporations raise money, either through debt or equity.  In terms of equity, IPOs have been

Jay Ritter

Some warning lights are flashing red for UK shares

Usually a positive person, journalist James Beard explains why he’s becoming increasingly pessimistic about the short-term outlook for UK shares. Insights from Cordell Eminent Scholar Jay Ritter inform this story from The Motley Fool. 

Jay Ritter

Trump’s social media stock is making an epic comeback as election nears

President Donald Trump’s social media company is on fire on Wall Street. It’s all about Trump’s perceived chances of retaking the White House.  The value of Trump’s stake in the company has spiked by about $1.7 billion since September 23

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