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Today is Friday, July 31, 2026.
The Early Bird Index today is 83.41.
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Apple's Memory Problem 📱
Despite posting strong earnings results on Thursday, Apple $AAPL ( ▼ 1.41% ) fell 6.33% in after-hours trading as the company highlighted new supply challenges.
Financials: Apple reported earnings of $2.02 per share in the past quarter and revenue of $109.4 billion. Both were better than expected.
Powering the Story: On Thursday, Apple also disclosed “supply constraints” impacting memory and other parts, including processor manufacturing capacity.
Early Bird’s Nest Egg Gains: The impact appears to be a headwind to near‑term growth and margins rather than a clear break in the long‑term thesis.
Final Thoughts: A few days ago, Apple’s stock hit an all-time high.
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Notables
Notable Earnings Today: Chevron (NYSE: CVX), Exxon Mobil (NYSE: XOM), AutoNation (NYSE: AN), AbbVie (NYSE: ABBV), Colgate-Palmolive (NYSE: CL), Dominion Energy (NYSE: D), Cameco (NYSE: CCJ), Magna (NYSE: MGA), Church & Dwight (NYSE: CHD), Ares Management (NYSE: ARES), BrightSpring Health Services (Nasdaq: BTSG), Cboe Global Markets (BATS: CBOE), Eaton (NYSE: ETN), Federal Realty Investment Trust (NYSE: FRT), Franklin Resources (NYSE: BEN), Gates Industrial (NYSE: GTES), Lear (NYSE: LEA), Linde (Nasdaq: LIN), LyondellBasell (NYSE: LYB), Moderna (Nasdaq: MRNA), Moog (NYSE: MOG.A), Newell Brands (Nasdaq: NWL), nVent Electric (NYSE: NVT), Perella Weinberg Partners (Nasdaq: PWP), Portland General Electric (NYSE: POR), Protolabs (NYSE: PRLB), RBC Bearings (NYSE: RBC), T. Rowe Price (Nasdaq: TROW), WisdomTree (NYSE: WT).
Notable IPOs Today: Apnimed, Inc. Common Stock (Nasdaq: APMD), Columbus Circle Capital Corp III Class A Ordinary Shares (Nasdaq: CCCT), East West Ave Acquisition Corp. Units (Nasdaq: EWAVU), Futurewave Acquisition Corporation Ordinary Shares (Nasdaq: FWAC), Southern Cross Acquisition I Corp. Ordinary Shares (Nasdaq: NCO).
Notable Equity Crowdfunding Campaigns Ending Today: Synergy Resources (Netcapital), MVP Kids (Netcapital), 2MDOpinion (Netcapital).
Notable Economic Events Today: Employment Cost Index (8:30 a.m. ET), Chicago PMI (9:45 a.m ET), Michigan Consumer Expectations / Sentiment (10:00 a.m. ET).
Amazon: “AWS is Booming”
Amazon $AMZN ( ▲ 3.91% ) jumped 9.55% in after-hours trading on Thursday after reporting strong financial earnings results.
Financials: Amazon reported earnings of $5.75 per share in the past quarter and revenue of $200.6 billion. Both were better than expected.
Powering the Story: AWS sales skyrocketed 37% for its fastest growth in 18 quarters to a $169 billion annualized revenue run rate. CEO Andy Jassy said: “AWS is booming.”
Final Thoughts: Amazon had been lagging behind the broader market all year. The stock was previously up about 4% in 2026.
Coinbase’s Disappointing Financials
Cryptocurrency platform Coinbase $COIN ( ▲ 2.18% ) fell 5.12% in after-hours trading on Thursday after posting disappointing financial results.
Financials: Coinbase reported a loss of $1.36 per share in the past quarter and revenue of $1.22 billion. Both were lower than expected.
Final Thoughts: Coinbase’s stock was already down 30% this year. When the crypto market crumbles, Coinbase’s stock tumbles.
Trends to Watch
Questionable Strategy: Strategy books $8.2 billion Q2 loss on bitcoin price decline (CoinDesk)
Game Over: Roblox Expects Revenue Growth to Slow, Bookings to Decline (Wall Street Journal)
Downvote: Reddit shares sink 11% on ‘choppy’ search referrals even as results blow past estimates (CNBC)
Economic Struggles: US economy grows at a sluggish 1.5% in second-quarter with inflation remaining stubbornly high (Associated Press)
Easing Fears: 'Paid to wait': Bitcoin presses toward $65,000 as Treasuries out-yield the carry trade for only second time on record (The Block)
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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.
