Uncertainty Rocks The Trump Trade: How 'MAGA Seven' Stocks Look Now

The “MAGA Seven” are a group of stocks, dubbed by MarketWatch, that have notched significant gains and attention since the election of President Donald Trump. However, the MAGA Seven took a big hit in Monday's market rout. Here's a look at how they performed. 

Crypto-related companies experienced significant gains following Trump's election win due to his "crypto-friendly" stance and expected changes to cryptocurrency-trading rules under the new administration.

However, Bitcoin (CRYPTO: BTC) has remained range-bound following the election, with many of the Trump catalysts having been priced-in. 

Read More: Nasdaq, S&P 500 Hit 6-Month Lows As Recession Fears Grow: What’s Driving Markets Monday?

• HOOD: Robinhood Markets, Inc. (NASDAQ:HOOD) shares fell nearly 20% on Monday with stocks in the  financial sector hit particularly hard as recession fears rattled the market. Robinhood's stock has given back all of its year-to-date gains after falling 36% over the past month. 

• COIN: Shares of Coinbase Global, Inc. (NASDAQ:COIN) cratered 17.6% Monday, as a drop in the price of bitcoin rocked crypto-related stocks. Trump's crypto summit last Friday lacked any major new announcements and turned into a "sell the news" event, triggering sell-offs in cryptocurrencies and related stocks. Coinbase shares, like Robinhood, have erased all year-to-date gains after falling 29% in the past month. 

• MSTR: Another crypto play, Strategy, Inc. (NASDAQ:MSTR), sank 16.7% in Monday's broad sell-off, fueled by the dip in bitcoin and an at-the-market stock offering. Strategy shares have fallen 24% over the last 30 days as MAGA Seven stocks pull back.   

• APP: Applovin Corp. (NASDAQ:APP) stock fell 12% Monday, bringing its monthly losses to nearly 35%. The app-monitization company's stock, which reached an all-time high of $525.15 in mid-February, now trades below $250 per share. 

• TSLA: Tesla, Inc. (NASDAQ:TSLA) shares were under pressure from several fronts Monday, including CEO Elon Musk's political involvement, protests against the company and weak China sales. Tesla's stock fell 15.4% in the session to mark its worst one-day performance in five years. 

MarketWatch also named less-prominest Ubiquiti Inc. (NYSE:UI) and Williams-Sonoma, Inc. (NYSE:WSM) as members of the MAGA Seven due to their outsized gains following the election results. The stocks were down 6.18% and 1.69%, respectively, on Monday. 

Read Next:

• Markets Tank After Trump Confirms More Tariffs: Here’s What Wall Street Is Saying

Image: Shutterstock