Bitcoin's Trade Talk Optimism

And, Calavo Growers' tariff costs.

June 10, 2025

Together With

Today is Tuesday, June 10, 2025.

The Early Bird Index today is 82.82

New to this newsletter? Sign up here

PRESENTED BY HANNAN METALS

Backed by Japan. Targeting Copper in Peru. Hannan Metals Is On the Move.

Hannan Metals (TSXV: HAN) is emerging as a high-conviction copper-gold-silver explorer with backing from some of the biggest players in the industry—including a $35M strategic investment from the Japanese government and support from a top-tier Canadian producer. With over 2,000 square kilometers of land in Peru and district-scale potential in a geologically rich but underexplored region, Hannan is poised to benefit from a global copper supply crunch. Shares recently broke above $1.10 on strong volume. This is one of the few juniors with real scale, strategic partnerships, and leverage to the next copper supercycle.

Bitcoin's Trade Talk Optimism

Bitcoin $BTC.X ( ▼ 1.12% ) jumped about 4% on Monday and almost reached an all-time high price.

Details: The big reason behind Bitcoin’s recent price surge is that top U.S. and Chinese officials will meet in London this week to try to resolve escalating trade tensions. If the talks are successful, then global economic uncertainty might ease, which might make investments such as Bitcoin appear less risky.

Also: Other factors behind Bitcoin’s recent rise include increased market risk appetite, successful IPOs involving crypto-related companies, and a large investor accumulating more Bitcoin.

Price: Despite all the volatility this year, Bitcoin is up about 17% in 2025.

Early Bird’s Nest Egg Gains: U.S.–China trade negotiations have a significant impact on Bitcoin for several reasons, including Bitcoin’s evolving role as a macro hedge.

  • During recent escalations in the trade war, Bitcoin has outperformed traditional assets as investors sought alternatives.

  • When trade negotiations stall or tensions rise, market participants often become more cautious, sometimes leading to volatility or sell-offs in both equities and crypto.

Final Thoughts: If the trade talks fall apart, that could be bad for Bitcoin

Notables

Notable Earnings Today: GameStop (NYSE: GME), GitLab (Nasdaq: GTLB), Dave & Buster's (Nasdaq: PLAY), Stitch Fix (Nasdaq: SFIX), Academy Sports + Outdoors (Nasdaq: ASO), United Natural Foods (NYSE: UNFI), J.M. Smucker (NYSE: SJM), Core & Main (NYSE: CNM), Designer Brands (NYSE: DBI), PetMed Express (Nasdaq: PETS).

Notable IPOs Today: N/A.

Notable Equity Crowdfunding Campaigns Ending Today: KEEPON (Wefunder).

Notable Economic Events Today: EIA Short-Term Energy Outlook (12:00 p.m. ET),  API Weekly Crude Oil Stock (4:30 p.m. ET).

Calavo Growers' Tariff Costs

Calavo Growers $CVGW ( ▲ 1.73% ) , a company that distributes fresh produce such as avocados and tomatoes, plunged 13.48% in after-hours trading on Monday.

Financials: Calavo reported earnings of 40 cents per share and revenue of $190.5 million in the past quarter. Both were lower than expected.

Powering the Story: The company said its profit margin fell by $900,000 in the past quarter due to the new tariffs. Lower volumes of avocados and tomatoes were another challenge. Calavo also said it faced adverse weather in key U.S. markets during the period.

Final Thoughts: Calavo’s stock was up 8% this year. These results dampen Calavo’s 2025 performance.

Cracker Barrel's Convertible Notes

Cracker Barrel Old Country Store $CBRL ( ▲ 2.07% ) fell 4.57% in after-hours trading on Monday after announcing a new offering of convertible senior notes.

Details: The offering of senior notes, which will be due in 2030, is worth $265 million.

Final Thoughts: Cracker Barrel’s stock was up 10% this year before this announcement.

RIP Science and Facts: Kennedy Removes All C.D.C. Vaccine Panel Experts (New York Times)

Thank you for reading!

Forward to a friend and tell them to sign up here.

Pick winning stocks: Upgrade to Early Bird Prime.

Want more investing tips? Listen to the podcast.

Show Your Support: Buy Me a Coffee.

Questions or comments? Hit reply to reach out.

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.