Retail investors have increasingly focused in on Trump Media & Technology , Rumble and Phunware as stocks that can benefit if the Republican presidential nominee for president prevails. Trump Media & Technology, which owns the alternative social media platform TruthSocial, trades under a ticker — DJT — that's also the initials for the business mogul-turned-politician. On Tuesday alone, retail traders were net buyers of Trump Media to the tune of $14.4 million. Schwarz said there's no reason for Trump Media to even be publicly traded given its business fundamentals and high price-to-sales ratio. "Trump Media has no fundamental value — it's worthless," he said.

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Persons: Donald Trump, That's, that's, Phunware, Kamala Harris, Christopher Schwarz, It's, Trump, There's, Irvine's Schwarz, Schwarz, there's, LSEG, hasn't, Peter Thiel, — CNBC's Robert Frank, Fred Imbert Organizations: Trump Media & Technology, Republican, Trump Media, NBC, University of California Irvine, CNBC, Vanda Research, U.S, Trump, Marriott, Mayo Clinic, PayPal Locations: United States, Atlantis