Trump Media, Docusign, Circle post-IPO: Trending Tickers

Trump Media & Technology Group (DJT, DJTWW) stock is now getting a lift in Friday's pre-market trading following the fallout and ensuing feud between President Trump and Tesla (TSLA) CEO Elon Musk. This chaos comes after the Truth Social parent filed with the Securities and Exchange Commission (SEC) to register its own new bitcoin ETF. Docusign (DOCU) shares continue to sink after lowering its full-year billings guidance and planning a $1 billion share repurchase program. Stablecoin issuer Circle Internet Group (CRCL) moves further to the upside following its IPO on Thursday. Catch Yahoo Finance's interview with Circle President Heath Tarbert.

To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Video Transcript 00:00:05 Speaker A Now time for some of today's trending tickers. We're watching DJT, DocuSign and Circle. First up, DJT shares taking a hit after President Trump and Elon Musk publicly clashed on social media, escalating their recent feud. The stock, it had fallen, but now you're seeing an extended hours right now up by about 2%.

On Thursday, it did fall more than 8% though, wiped out more than $200 million from President Trump's net worth here. And even as we're watching the rebounds for both of these companies, both Tesla and DJT here pre-market, of course, this comes amid the spat that played out popcorn style in front of all of our eyes yesterday as investors might have been forced to pick a side as well through their own um through whatever inclination and side they fall on knowing that these two used to be in a very public romance together. 00:01:19 Speaker B Certainly. Uh and that is exactly what representative Alexandria Ocasio Cortez referred to when she said that the girls were fighting in reference to the feud. Having said that, uh tough for DJT, given that there was a positive catalyst for the stock earlier this week after the company appeared to get a step closer to uh launching its own Bitcoin ETF uh in a Securities and Exchange Commission filing there.

You can see the stock uh was up for a touch of this week, but now obviously moving to the downside, down a little over 3% over the last five days. 00:02:13 Speaker B Next up, DocuSign is lowering its full year billings guide and still, the electronic signature software company topping revenue expectations for the first quarter. DocuSign also announcing a $1 billion increase to its share repurchase program. You can see the stock down over 18%. It mirrors a trend that we have seen throughout companies that signal any sign of weakness in their forward guidance, that is certainly going to be a killer for them.

And we've seen that playing out throughout this entire earnings cycle and beyond, again with DocuSign lowering that full year billings guidance. 00:03:02 Speaker A Yeah, that guidance. Uh DocuSign projecting revenue between $3.151 billion and $3.163 billion. That's actually a 6% growth rate. That is for the full fiscal year.

They also anticipate billings growth to accelerate. That's going to be in the latter half of the year, which essentially is just a few weeks away at this point. And then additionally, the executives talking a little bit more. We we've had um Alan Teson on Yahoo Finance a few times been kind enough to take some time with us, but reiterating the leadership reimagining agreement management through its platforms and then emphasizing their strategic executions here. However, the slower growth in the real estate sector, that's seen as one of the areas that could potentially be a headwind to revenue.

and then additionally just billing cycles. We we talk about deal scrutiny. We mentioned it in one of our earlier discussions today. That is something that DocuSign also has to weave itself through as well. Um and could have a larger overhang potentially on some of the performance obligations.

Uh so all that considered taking a look at DocuSign shares, they're down bad by about 18, 19% right now pre-market. 00:04:52 Speaker A Finally here, we're tracking circle extending gains after its strong New York Stock Exchange debut. The stable coin issuer soaring 168% Thursday, raising more than $1 billion in its IPO. Trading was halted more than once due to volatility here. You're seeing shares pre-market add on another 18.3% right now.

00:05:26 Speaker B Yeah, it's interesting to see uh the degree of success around circle, especially given that their USDC is the second largest stable coin in the world that comes after Tethers, which is USDT. Interesting also taking a look at some research this morning from Ark Invest estimating that the total value transacted through stable coins was higher than Visa's transactions in the year 2024. So certainly that is a signal of a potential catalyst for this name, which is still up pre-market here. 00:06:16 Speaker A Yeah, just some background on this, two additional context that might be valuable for our viewers here. Just in the significance of this, largest ever pop for a billion dollar IPO.

This is according to Renaissance Capital here, and this is the number two stable coin issuer in the world. Originally only planned to raise $600 million offering 24 million shares at a range of $24 to $26, but see exactly what it's trading at here this morning even pre-market. Uh it seems like there's a lot more room to run potentially. Yeah. 00:07:00 Speaker B Absolutely.

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