MW Here's how the 'MAGA Seven' stocks are doing on the first full day of Trump presidency

By James Rogers

The 'MAGA Seven' group of stocks has enjoyed significant gains since the presidential election

A group of stocks dubbed the "MAGA Seven" by MarketWatch have enjoyed significant gains since the Nov. 5 presidential election, some lifted by links to Donald Trump and others by a bullish market. This is how the group is faring on the first full day of the second Trump administration.

While the group of tech stocks known as the "Magnificent Seven" have garnered huge attention in recent years, the MAGA Seven have enjoyed a stellar few months. The group is made up of stocks that trade on U.S. exchanges, had a market capitalization of $15 billion or higher on Nov. 5 and saw their share prices increase by the biggest percentage between Election Day and Trump's Jan. 20 inauguration.

Shares of app-monetization company AppLovin Corp. (APP) are up 2.2% Tuesday, continuing the trajectory that has seen the stock rise 120.3% in the last three months. Set against this backdrop, the company's market cap has soared from $55.43 billion on Nov. 5 to $114.9 billion.

Related: Forget the 'Magnificent 7.' These 'MAGA 7' stocks have soared since Trump's election.

Online brokerage Robinhood Markets Inc. (HOOD) has been touted as a "major beneficiary" of expected changes to cryptocurrency-trading rules under the new Trump administration. Set against this backdrop, Robinhood shares are up 3.6% Tuesday.

Underlining his links to the crypto world, Trump recently launched his Trump Coin (TRUMPUSD) meme coin, which is up 5.7% Tuesday. A Melania coin celebrating the first lady has also been launched.

Business-software company and cryptocurrency play MicroStrategy Inc. $(MSTR.AU)$ is also expected to benefit from a crypto-friendly White House. The Tysons Corner, Va.-based company has seen its stock climb 76.8% in the last three months. However, MicroStrategy's shares are down 2.5% Tuesday.

Related: 'Magnificent Seven' stocks hit another milestone. Here's why they could continue to dominate in 2025.

Electric-vehicle giant Tesla Inc. $(TSLA)$, the only stock on the MAGA Seven list that is also part of the Magnificent Seven, has become a high-profile "Trump trade" thanks to CEO Elon Musk's ties to the new president. The Tesla and SpaceX chief, who donated an estimated $200 million to Trump's campaign, was in a prominent spot for the inauguration ceremony, along with Google Inc. $(GOOGL)$ $(GOOG)$ CEO Sundar Pichai, Amazon.com Inc. $(AMZN)$ founder Jeff Bezos and Meta Platforms Inc. $(META)$ CEO Mark Zuckerberg.

Despite gaining 89.1% in the last three months, however, Tesla shares are down 3% Tuesday.

Shares of network-technology company Ubiquiti Inc. $(UI)$, buoyed by the company's strong performance, have risen 61% in the last three months, and the stock is up 0.9% Tuesday. Ubiquiti's market cap has climbed from $15.8 billion on Nov. 5 to $24.6 billion.

Read more: Tech CEOs like Musk, Bezos and Zuckerberg score better seats than some incoming cabinet members at Trump's inauguration

Like Robinhood, crypto-trading portal Coinbase Global Inc. $(COIN)$ is also expected to receive a boost from the Trump administration's crypto-friendly policies. However, the stock is down 1.5% Tuesday, despite enjoying a 36.5% gain in the last three months.

Home-goods retailer Williams-Sonoma Inc. (WSM) cannot be described as a Trump trade, but its stock has enjoyed strong momentum in recent months, boosted by market-share gains and better-than-expected profit and revenue. Williams-Sonoma shares are up 2.8% Tuesday.

-James Rogers

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January 21, 2025 12:41 ET (17:41 GMT)

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