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Today is Thursday, April 24, 2025.

The Early Bird Index today is 66.70

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PRESENTED BY WORTHY

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Chipotle's Consumer "Slowdown"

Chipotle Mexican Grill $CMG ( ▲ 0.14% ) fell 2.05% in after-hours trading on Wednesday after reporting mixed financial earnings results.

Financials: Chipotle reported earnings of 29 cents per share in the past quarter, which was better than expected. But revenue was only $2.9 billion, which was lower than expected.

Powering the Story: Same-store sales decreased in the past quarter as CEO Scott Boatwright blamed “a slowdown in consumer spending.”

Early Bird’s Nest Egg Gains: Economic uncertainty, recession fears, persistent inflation, and higher living costs drove the slowdown in consumer spending, reflected in Chipotle’s first same-store sales decline since the pandemic.

Final Thoughts: These results come as the stock has fallen 18% this year.

Notables

Notable Earnings Today: Alphabet (Nasdaq: GOOGL), American Airlines (Nasdaq: AAL), Intel (Nasdaq: INTC), Southwest Air (NYSE: LUV), T-Mobile US (Nasdaq: TMUS), Hasbro (Nasdaq: HAS), Dow (NYSE: DOW), Keurig Dr Pepper (Nasdaq: KDP), Procter & Gamble (NYSE: PG), Boston Beer (NYSE: SAM), Gilead Sciences (Nasdaq: GILD), Merck (NYSE: MRK), PepsiCo (Nasdaq: PEP), Freeport-McMoRan (NYSE: FCX), Boyd Gaming (NYSE: BYD), NASDAQ (Nasdaq: NDAQ), Union Pacific (NYSE: UNP), Skechers USA (NYSE: SKX), Valero Energy (NYSE: VLO), CenterPoint Energy (NYSE: CNP), Weyerhaeuser (NYSE: WY), ADT (NYSE: ADT), Allegion (NYSE: ALLE), Ameriprise Financial (NYSE: AMP), Apogee Enterprises (Nasdaq: APOG), AppFolio (Nasdaq: APPF). Berkshire Hills Bancorp (NYSE: BHLB), Bread Financial (NTSE: BFH), Bristol Myers Squibb (NYSE: BMY), CBIZ (NYSE: CBZ), CBRE Group (NYSE: CBRE), Coursera (NYSE: COUR), Digital Realty Trust (NYSE: DLR) Dover (NYSE: DOV), First Bancorp (NYSE: FBP), Fiserv (NYSE: FI), Helen of Troy (Nasdaq: HELE), Interpublic (NYSE: IPG), L3Harris (NYSE: LHX), LKQ (Nasdaq: LKQ), McGrath RentCorp (Nasdaq: MGRC), Merit Medical (Nasdaq: MMSI), Mobileye Global (Nasdaq: MBLY), NovoCure (Nasdaq: NVCR), Old Republic (NYSE: ORI), PG&E (NYSE: PCG), Pool (Nasdaq: POOL), Republic Services (NYSE: RSG), Sallie Mae (Nasdaq: SLM), Sanofi (Nasdaq: SNY), Sonic Automotive (NYSE: SAH), SPS Commerce (Nasdaq: SPSC), SS&C Techs (Nasdaq: SSNC), Textron (NYSE: TXT), Tractor Supply (Nasdaq: TSCO), TransUnion (NYSE: TRU), TRI Pointe Homes (NYSE: TPH), Valley National (Nasdaq: VLY), VeriSign (Nasdaq: VRSN), Webster Financial (NYSE: WBS), West Pharmaceutical Services (NYSE: WST), Willis Towers Watson (Nasdaq: WTW), WNS (NYSE: WNS), Xcel Energy (Nasdaq: XEL).

Notable IPOs Today: New Providence Acquisition Corp. III Units (Nasdaq: NPACU).

Notable Equity Crowdfunding Campaigns Ending Today: PowerGreen Capital (Honeycomb), Fluff Gourmet Fairy Floss (Honeycomb), Ecodeo (Honeycomb), BitterBrains (Republic), Spybaby Bridal and Prom (Honeycomb), Sensi Fit (Honeycomb), Blender Bombs (StartEngine), Atelier Restaurant (SMBX).

Notable Economic Events Today: Jobless Claims (8:30 a.m. ET), Durable Goods Orders (8:30 a.m. ET), Existing Home Sales (10:00 a.m. ET), Fed's Balance Sheet (4:30 p.m. ET).

IBM's Consulting Sales Drop

Despite posting good financial earnings results on Wednesday, shares of IBM $IBM ( ▼ 0.67% ) fell 6.96% in after-hours trading.

Financials: IBM reported earnings of $1.60 per share and revenue of $14.5 billion in the past quarter; both were better than expected.

Final Thoughts: The weak spot for IBM in the quarter was revenue for its consulting business, which fell 2% due in part to government cuts (cough, cough DOGE).

ServiceNow Surges With Good Earnings

ServiceNow $NOW ( ▲ 1.6% ) jumped 10.37% in after-hours trading on Wednesday after reporting earnings of $4.04 per share in the past quarter, which was better than expected.

Final Thoughts: This marks a turnaround for ServiceNow, which has been down 22% this year.

Trends to Watch

Number Five: Bitcoin Becomes Fifth Largest Global Asset, Surpasses Google's Market Cap (CoinDesk)

Instrumental Results: Texas Instruments Stock Climbs on Better-Than-Expected Earnings, Outlook (Investopedia)

The Trade War Continues: Trading partners play hardball as Trump administration digs in on tariffs (NBC News)

No Fly Zone: Southwest to cut flights this year, pulls guidance, citing ‘macroeconomic uncertainty’ (CNBC)

Interesting Question: XRP futures open interest surges by 32% — Are traders bullish or bearish? (Cointelegraph)

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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.}