Today is Thursday, July 23, 2026.

The Early Bird Index today is 88.13.

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Despite posting good financial earnings results on Wednesday, Google parent Alphabet $GOOGL ( ▼ 1.46% ) fell 3.31% in after-hours trading.

Financials: Alphabet reported earnings of $9.11 per share in the past quarter and revenue of $119.8 billion. Both were better than expected.

Powering the Story: Capital expenditures came in at $44.92 billion, causing free cash flow to turn negative for the first time in years at around -$5.8 billion.

Early Bird’s Nest Egg Gains: Negative free cash flow driven by a one-time change in AI capex is acceptable for a long-term investor who believes Alphabet will successfully monetize its infrastructure and regain free cash flow growth.

Final Thoughts: There was a bright spot in the results. Revenue for Google Cloud in the quarter surged 82%.

At $1.75 trillion, SpaceX is now worth more than Coca-Cola, Disney, and Netflix combined — a company with no public earnings track record and a $135 price tag set by the people selling it to you.

Do the math. To justify that valuation, SpaceX would have to grow into one of the largest companies on Earth before you ever see a profit. History is brutal on day-one IPO buyers who pay that kind of premium. Most are underwater within a year.

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Notable Earnings Today: Intel (Nasdaq: INTC), Cleveland-Cliffs (NYSE: CLF), American Airlines (Nasdaq: AAL), T-Mobile US (Nasdaq: TMUS), Boston Beer Co (NYSE: SAM), Lockheed Martin (NYSE: LMT), Deckers Outdoor (NYSE: DECK), Newmont Corporation (NYSE: NEM), Comcast (Nasdaq: CMCSA), Honeywell (Nasdaq: HON), Freeport-McMoRan (NYSE: FCX), STMicroelectronics (NYSE: STM), SAP SE (NYSE: SAP), Boyd Gaming (NYSE: BYD), Blackstone (NYSE: BX), Sallie Mae (Nasdaq: SLM), RingCentral (NYSE: RNG), Tractor Supply (Nasdaq: TSCO), Union Pacific (NYSE: UNP), Huntington Banc (Nasdaq: HBAN), MaxLinear (Nasdaq: MXL), Columbia Banking (Nasdaq: COLB), Allegion (NYSE: ALLE), Ameriprise Financial (NYSE: AMP), AppFolio (Nasdaq: APPF), Cemex SAB (NYSE: CX), Digital Realty Trust (NYSE: DLR), Dover (NYSE: DOV), Edwards Lifesciences (NYSE: EW), Glacier Bancorp (NYSE: GBCI), Harley-Davidson (NYSE: HOG), Hartford Financial (NYSE: HIG), Kinsale Capital (NYSE: KNSL), NASDAQ (Nasdaq: NDAQ), Norfolk Southern (NYSE: NSC), Ovintiv (NYSE: OVV), PG&E (NYSE: PCG), Quest Diagnostics (NYSE: DGX), Rexford Industrial Realty (NYSE: REXR), Roper (Nasdaq: ROP), RTX (NYSE: RTX), Ryder System (NYSE: R), Snap-On (NYSE: SNA), SouthState Bank Corp (NYSE: SSB), SS&C Techs (Nasdaq: SSNC), Teck Resources (NYSE: TECK), Thermo Fisher (NYSE: TMO), VeriSign (Nasdaq: VRSN), West Pharm (NYSE: WST).

Notable IPOs Today: CAE Inc. Common Shares (Nasdaq: CAE).

Notable Equity Crowdfunding Campaigns Ending Today: Alpha 311 Ltd. (Crowdcube), Nanoloom (Crowdcube).

Notable Economic Events Today: Jobless Claims (8:30 a.m. ET).

Tesla $TSLA ( ▼ 1.3% ) reported mixed financial earnings results with a declining gross margin on Wednesday, causing the stock to fall 4.13% in after-hours trading.

Financials: Tesla reported earnings of 33 cents per share in the past quarter, which were lower than expected. Revenue was $28.23 billion, which was better than expected. The gross margin fell 41 basis points.

Final Thoughts: The stock was already down 14.62% this year.

Las Vegas Sands $LVS ( ▼ 0.48% ) fell 4.97% in after-hours trading on Wednesday after the casino and resort company reported bad financial earnings results.

Financials: Las Vegas Sands reported earnings of 59 cents per share in the past quarter and revenue of $3.15 billion. Both were lower than expected.

Final Thoughts: Can Las Vegas Sands find some good luck? The stock was already down 30% in 2026.

Now That’s Good: ServiceNow Earnings Top Views, Revenue Outlook Light, Software Stock Climbs (Investor’s Business Daily)

Lettuce Bygones Be Bygones: Hungry for customers, Taco Bell is offering $1 lettuce-free deals (CNN)

Staying in the Range: Bitcoin price avoids major Iran jitters as S&P 500 ‘short squeeze’ on horizon (Cointelegraph)

Major Upgrade: Solana Prepares for the Alpenglow Upgrade. How Will SOL React? (BeInCrypto)

Goal Reduction: IBM lowers full-year forecast after earnings warning (CNBC)

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_{The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations, and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.}