Trending Tickers: $X Clears Deal Path, $JOBY Secures Toyota Funds, $DJT Bets on Bitcoin
This week, several stocks caught investors’ attention, driven by significant developments and market momentum. Here’s the breakdown of this week’s trending stocks:
U.S. Steel ($X) Clears Path Forward with New Domestic Partnership
United States Steel Corporation ($X), one of the oldest and most iconic steelmakers in the U.S., will remain under American ownership following a revised agreement announced by President Donald Trump. In a Truth Social post on Thursday, Trump said the planned acquisition by Japan’s Nippon Steel would instead become a “planned partnership,” allowing U.S. Steel to keep its Pittsburgh headquarters.
According to Trump, the new arrangement is expected to create at least 70,000 jobs and bring $14 billion in economic investment over the next 14 months. He called it the largest investment in Pennsylvania’s history and credited his tariff policies for protecting domestic steel production.
The announcement comes after months of political pushback to the original $14.9 billion acquisition deal unveiled in December 2023. The Biden administration blocked the takeover in January 2025, citing national security concerns. Trump initially opposed the deal, later appeared open to a modified version, and ultimately reiterated his stance that U.S. Steel should not be transferred to foreign ownership.
Stock Price Movement
$X stock jumped 21% following President Trump’s announcement, as investors welcomed the clarity and reversal of uncertainty around the company’s ownership.
Joby ($JOBY) Closes $250M Strategic Investment from Toyota
Joby Aviation ($JOBY), a developer of electric air taxis for commercial passenger service, has officially closed the first $250 million tranche of a previously announced investment from Toyota Motor Corporation. The capital will support certification efforts and the commercial production of Joby’s aircraft, reinforcing the long-term collaboration between the two companies.
Joby and Toyota have been working together to optimize manufacturing processes and streamline vehicle design. This new funding further strengthens their relationship and brings them closer to forming a full-scale strategic manufacturing alliance.
According to the company, the investment will accelerate Joby’s ability to scale up production and meet growing demand from both partners and customers. Toyota North America’s CEO described the move as part of a shared vision for “mobility for all” and the future of air transportation.
Stock Price Movement
$JOBY stock rose 28.8% following the announcement.
Trump Media ($DJT) Raises $2.5B to Launch Bitcoin Treasury
Trump Media and Technology Group ($DJT), the parent company of Truth Social and Truth+, has secured $2.5 billion in a private placement with institutional investors. The offering includes $1.5 billion in common stock and $1 billion in convertible notes.
According to the company, the capital will be used to establish a Bitcoin treasury, placing Trump Media among a growing number of publicly traded companies adopting Bitcoin as a reserve asset—a trend first popularized by MicroStrategy and now expanding across tech and finance sectors.
CEO Devin Nunes said the Bitcoin strategy supports both financial independence and operational resilience. He emphasized that the move will also support future features like subscription payments and utility tokens across Trump Media platforms. Custody of the Bitcoin will be handled by Crypto.com and Anchorage Digital.
Stock Price Movement
$DJT stock fell 10% following the announcement. The drop was largely attributed to dilution concerns from the $1.5 billion common stock issuance, which expands the company’s outstanding share count.
This article is for informational purposes only and is not investment advice or a solicitation to buy or sell securities. The content is based on publicly available information and reflects the author’s opinions as of the publication date, which may change without notice. All investments carry inherent risks, including the potential loss of principal, and past performance is not indicative of future results. Forward-looking statements, including references to projected revenues, market trends, or business developments, are based on current expectations and assumptions. Actual results may differ due to various factors, including regulatory changes, economic conditions, competitive pressures, and unforeseen market fluctuations. Readers should conduct their own research or consult a financial advisor before making investment decisions. BBAE holds no position in the securities mentioned, nor are they compensated by the companies mentioned.
