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Today is Tuesday, July 29, 2025.

The Early Bird Index today is 91.67

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Cadence Design's New Tax Break 💰

Cadence Design Systems $CDNS ( ▲ 9.74% ) , the semiconductor and software company, jumped 6.66% in after-hours trading on Monday after posting strong financial earnings results.

Financials: Cadence Design reported earnings of $1.65 per share and revenue of $1.2 billion in the past quarter. Both were better than expected.

Powering the Story: The company said on Monday that it expects to save $140 million in cash tax payments because of the new research and development expenses tax break in the United States.

Early Bird’s Nest Egg Gains: The timing and scale of the tax benefit are a pleasant surprise for investors, as few expected a legislative fix to be enacted and effective so quickly.

Final Thoughts: The stock was already up 12% this year.

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Notables

Notable Earnings Today: Procter & Gamble (NYSE: PG), UnitedHealth (NYSE: UNH), Visa (NYSE: V), SoFi Technologies (Nasdaq: SOFI), PayPal (Nasdaq: PYPL), Starbucks (Nasdaq: SBUX), Electronic Arts (Nasdaq: EA), UPS (NYSE: UPS), Booking Holdings (Nasdaq: BKNG), Spotify (NYSE: SPOT), JetBlue Airways (Nasdaq: JBLU), AstraZeneca (Nasdaq: AZN), Royal Caribbean (NYSE: RCL), Norfolk Southern (NYSE: NSC), Stanley Black & Decker (NYSE: SWK), Sysco (NYSE: SYY), Landstar System (Nasdaq: LSTR), Lending Club (NYSE: LC), Logitech Int'l SA (Nasdaq: LOGI), Mondelez Int'l (Nasdaq: MDLZ), Teladoc (NYSE: TDOC), Caesars Entertainment (Nasdaq: CZR), Cheesecake Factory (Nasdaq: CAKE), Merck (NYSE: MRK), MARA Holdings Inc. (Nasdaq: MARA), Commvault Systems (Nasdaq: CVLT), Avis Budget (Nasdaq: CAR), Teradyne (Nasdaq: TER), FTAI Aviation Ltd. (Nasdaq: FTAI), Lithia Motors (NYSE: LAD), Penumbra (NYSE: PEN), Alkermes Plc (Nasdaq: ALKS), American Tower (NYSE: AMT), Ares Capital (Nasdaq: ARCC), Armstrong World Industries (NYSE: AWI), Asbury Automotive (NYSE: ABG), Brightstar Lottery (NYSE: BRSL), Carrier Global (MNYSE: CARR), Camping World (NYSE: CWH), CECO Environ. (Nasdaq: CECO), Constellium (NYSE: CSTM), Corning (NYSE: GLW), DTE Energy (NYSE: DTE), Eagle Materials (NYSE: EXP), Ecolab (NYSE: ECL), Expro Group (NYSE: XPRO), Franklin Electric (Nasdaq: FELE), Freshworks (Nasdaq: FRSH), GeneDx (Nasdaq: WGS), Graphic Packaging (NYSE: GPK) Herc Holdings (NYSE: HRI), Houlihan Lokey (NYSE: HLI), Hubbell (NYSE: HUBB), Incyte (Nasdaq: INCY)Johnson Controls (NYSE: JCI), Neogen (Nasdaq: NEOG), NeoGenomics (Nasdaq: NEO), PJT Partners (NYSE: PJT), Polaris Industries (NYSE: PII), PPG Industries (NYSE: PPG), Qorvo (Nasdaq: QRVO), Red Rock Resorts (Nasdaq: RRR), Repligen (Nasdaq: RGEN), Republic Services (NYSE: RSG), Trimas (Nasdaq: TRS) WesBanco Inc (Nasdaq: WSBC).

Notable IPOs Today: GraniteShares YieldBOOST COIN ETF (Nasdaq: COYY).

Notable Equity Crowdfunding Campaigns Ending Today: N/A.

Notable Economic Events Today: Goods Trade Balance (8:30 a.m. ET), Retail Inventories Excluding Auto (8:30 a.m. ET), S&P/CS HPI Composite (9:00 a.m. ET), CB Consumer Confidence (10:00 a.m. ET), JOLTS Job Openings (10:00 a.m. ET), API Weekly Crude Oil Stock (4:30 p.m. ET).

Whirlpool's Tariff Challenges

Home appliances company Whirlpool $WHR ( ▼ 13.43% ) plunged 14.00% in after-hours trading on Monday after posting weak financial earnings results.

Financials: Whirlpool reported earnings of $1.34 per share and revenue of $3.7 billion in the past quarter. Both were lower than expected.

Final Thoughts: The company also said it faced challenges as competitors stockpiled Asian imports into the U.S. during the quarter ahead of tariffs. 

Sui Drops on Monday

The price of the cryptocurrency Sui $SUI.X ( ▼ 4.55% ) fell about 8% on Monday due in part to pressure from a stronger U.S. dollar.

Final Thoughts: Sui is still up about 40% in the last 30 days.

Trends to Watch

Coming Soon to a Retirement Account: Trump Eyes Moving U.S. Economy Further Into Crypto Via Mortgages, 401(k)s (CoinDesk)

Possible Breakout: Evolving ETH futures data hints a potential rally to $5K (Cointelegraph)

Where Rates Might Go: Fed expected to keep rates unchanged as it sifts through mixed economic data (Reuters)

New Leadership: Procter & Gamble replaces CEO Moeller with COO and long-time executive Jejurikar (CNBC)

No Fly Zone: Spirit Airlines to furlough 270 pilots and demote 140 more on downsized schedule (CNN)

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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.}