Who Will Win The Election and Winners From The Election (Reddit, New York Times)...Sunday Reads And Listens

Good morning…

I still have no idea who will win the election (see yesterday), but buying Kamala on Robinhood a few days ago when Trump had all the betting momentum was a good trade.

I took off the trade - my first futures bet and election bet - for a 20 percent gain. The real winner is Robinhood which took the commissions on both trades.

Like I mentioned yesterday, because the polls showed was 50/50 I faded the Trump betting momentum. Quite the opposite…when I invest in stocks and markets I prefer to invest and trade in the direction of the momentum.

Onward…

On Stocktwits, we added polls and ‘top discussions’ as new features which have quickly gathered a lot of attention and use.

Yesterday we asked our community who would win the election and the early results are 66 percent Trump:

On Twitter we did the same poll, with less people responding, and the results were much the same:

My crude conclusion based on audience is young males that trade and invest are voting for or believe Trump will win.

Next…

One winner from the election has been The New York Times ($NYT) which again is closing at all-time highs…

I have been pointing this stock/company out for months on our ‘Trends With Friends’ podcast since it was $8 and now $9 billion. The stock is cheap relative to the influence it has ($44 billion for Twitter). I assume it is that share class structure that keeps the billionaires from acquiring the company and so the stock will always be undervalued. The election is an extension of the war in Gaza which brought to everyone’s attention how rotten and gutted the editorial and news has gotten and how little the management cares because …profits.

How ‘undervalued’ is New York Times?

Truth Social/$DJT (miniscule revenue hence no profits) blew past it for a few days (now quickly back below) last week.

For me the biggest surprise in media/attention is Reddit which this week exploded to all time highs and a $17 billion valuation.

Reddit has my attention.

To get you up to speed quickly, here are two good reads on the Reddit growth, popularity and opportunity…

The first is titled ‘The slow, steady, frustrating, relentless, remarkable rise of Reddit’ and…

‘Reddit is now crushing it because of AI’.

Both The New York Times and Reddit will benefit from the rise of AI not just from the deployment of AI, but from their unique data/content that AI companies will have to pay for.

I follow both stocks, companies, products and strategies pretty closely because of my fascination with media and because I am CEO and founder of Stocktwits.

While Stocktwits is much smaller, we are benefiting from the same growth, technology and data tailwinds.

Have a great Sunday.