Stock Market Today, May 28: Ondas Surges As Trump Administration Considers Funding Deals With Drone Stocks
Ondas (NASDAQ:ONDS), providing private wireless, drone, and automated data solutions, closed Thursday at $13.25, up 22.69%. The stock jumped after news broke that the Trump administration is exploring potential funding deals with an array of drone companies. The news sent the broader drone niche soaring higher today. Trading volume reached 241.6 million shares, about 216% above its three-month average of 76.4 million shares. Ondas IPO'd in 2020 and has grown 115% since going public.
How the markets moved today
The S&P 500 added 0.57% to finish Thursday at 7,563, while the Nasdaq Composite gained 0.91% to close at 26,917. Within the drone industry, peers were bullish, as Unusual Machines closed at $29.60 (+57.2%) while AeroVironment finished at $214.39 (+18.3%).
What this means for investors
Ondas added to its incredible 11-bagging run over just the last year, rising another 23% today. The next-gen drone and autonomous defense platform spiked on news that the Trump administration was weighing funding deals with key players in the drone space.
Reports explain that the federal government would take equity stakes in the companies, hopefully securing lower costs for domestically produced drones and weapons. A deal like this could be particularly useful for Ondas, as it relies heavily on a highly acquisitive growth strategy that most recently saw the company acquire Omnisys, a developer of battlefield resource-optimization software.
While this excitement is probably warranted, investors should remain somewhat cautious with Ondas despite its potential, as it still trades at 14 times expected 2026 sales.
Should you buy stock in Ondas right now?
Before you buy stock in Ondas, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Ondas wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $471,072!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,303,352!*
Now, it’s worth noting Stock Advisor’s total average return is 983% — a market-crushing outperformance compared to 210% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
See the 10 stocks »
*Stock Advisor returns as of May 28, 2026.
Josh Kohn-Lindquist has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Ondas and SiTime. The Motley Fool has a disclosure policy.
Recommended Articles
