Trump reclaiming the White House kickstarted a rally in both the US stock and cryptocurrency markets. Leading stocks soared to new yearly highs after Trump’s victory indicating a high level of optimism in the broader financial sector. Smart money is closely watching two stocks that could soar to new heights under Trump’s presidency.

Also Read: Poll: 85% Investors Believe Bitcoin Will Reach $100,000 in 2024

The president-elect will take oath on January 20, 2025, becoming the 47th president of the United States. Trump repeatedly said on the campaign trail that he would end the wars happening in Russia-Ukraine and Israel-Palestine. However, he provided no details on what measures or steps he would take as President to stop the ongoing conflict.

While many believe a Trump presidency could lead to peace, others predict that the conflict might not end. In this article, we will highlight the top two stocks that the smart money is watching before Trump’s ascension to the White House.

Also Read: Currency: US Dollar Pushes the Indian Rupee Further Down

Smart Money: 2 Stocks Under the Spotlight During Trump’s Presidency

1. Lockheed Martin (NYSE: LMT)

Smart money is watching defense stocks before Trump takes oath as the 47th President of the US. Lockheed Martin is in the spotlight as his presidency will mostly revolve around national security, defense, and the weapons industry. The aerospace manufacturer’s stock is currently hovering around the $530 mark on Tuesday. Trump’s presidency could make Lockheed Martin soar in the charts as threats from Russia-Ukraine and Israel-Palestine are yet to end.

Also Read: 2 Hot Picks for Monday in the US Stock Market

2. RTX Corporation (NYSE: RTX)

RTX Corporation was trading at $89 when Watcher Guru first urged investors to accumulate the stock in March 2024. Its price is now trading at $120, a 35% surge in the last six months alone. The American aerospace and defense company has leveraged the weapon’s technological advancements and is aiding the US military. Therefore, RTX Corporation stock could surge further in value during Trump’s presidency and smart money is closely watching it.

Bitcoin’s price aimed at $92,000 but to no avail so far as the bears has managed to defend that level.

Many altcoins are on the retreat today, with XRP ADA and PEPE dropping hard. In contrast, HBAR has outperformed the rest of the top 50 alts.

BTC Remains Above $91K

The Trump-victory-induced rally culminated last Wednesday when the primary cryptocurrency neared $94,000 to chart a fresh all-time high. At the time, reports started to emerge indicating that the asset had reached its local peak and could take a while longer to resume its bull run and challenge $100,000.

The following week or so has been quite choppy. BTC fell below $87,000 on a couple of occasions at the end of the business week but bounced off and stopped at around $90,000 during the weekend.

Sunday evening and Monday started with more impressive gains as bitcoin tapped $92,000. However, the bears intercepted the move and didn’t allow any further increases despite MicroStrategy’s continuous massive BTC buys.

As of now, the cryptocurrency trades in a range between $91,000 and $92,000. Its market cap remains above $1.8 trillion on CG and its dominance over the altcoins is close to 56.5%.

DOGE Recovers Some Ground

Most larger-cap alts are in the red today. ETH, SOL, BNB, SHIB, BCH, and SUI are with minor losses, while XRP, ADA, AVAX, and WIF have dropped by up to 6.5%.

PEPE has lost the most value over the past day, dropping by 7.5%. As a result, the third-largest meme coin now struggles to maintain $0.00002.

In contrast, the largest of the meme token sphere has risen by nearly 3% and is close to $0.39. XTZ has returned to the top 100 alts after a 36% daily surge that has pushed its price to over $1.1. HBAR is the other notable gainer over the past day, having surged by 27% to $0.14.

The total crypto market cap has declined slightly since yesterday but it is still above $3.2 trillion on CG.

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