Today is Thursday, August 13, 2026.

The Early Bird Index today is 88.23.

New to this newsletter? Sign up here

Even good financial earnings results and record demand couldn’t stop Cisco Systems $CSCO ( ▲ 2.87% ) from falling 4.07% in after-hours trading on Wednesday.

Financials: Cisco reported earnings of $1.22 per share in the past quarter and revenue of $17.3 billion. Both were better than expected.

Details: The company also said on Wednesday it is experiencing “broad-based, record-high demand for Cisco technology with a networking supercycle underway.”

Early Bird’s Nest Egg Gains: Cisco benefited from a sharp AI-driven run, so a “beat and raise” was not necessarily enough to help the stock on Wednesday. The market wanted an upside surprise strong enough to validate still-higher growth and margin assumptions.

Final Thoughts: The stock was up 62% this year as investors gravitated towards AI-related stocks. At some point, Cisco was going to give up some gains.

If you'd bought Apple before the first iPhone, you'd have seen peak gains of 7,537%. One product turned ordinary investors into millionaires.

Now Elon Musk is launching his own version — a device he claims will be "10x bigger than the largest product in history."

Target launch: July 22. Just days away.

The people who win on launches like this don't buy after the headlines. They position before. Our analyst pinpointed 3 stocks set to ride the launch — with entry guidance and price targets, plus a bonus 4th pick (the most undervalued name in the supply chain) and a 3-phase playbook showing exactly when to buy, when to add, and when to take profits.

100% free. No credit card. Over 2,500 investors have already read it.

Get the 3 stocks before launch >>

Notable Earnings Today: Applied Materials (Nasdaq: AMAT), Intuitive Machines (Nasdaq: LUNR), JD.com (Nasdaq: JD), Tapestry (NYSE: TPR), Birkenstock Holding (NYSE: BIRK), Figure Technology Solutions (Nasdaq: FIGR), Fermi America (Nasdaq: FRMI), Globant (NYSE: GLOB), Applied Industrial (NYSE: AIT), X-Energy (Nasdaq: XE), Gemini Space Station (Nasdaq: GEMI), Alliance Laundry Systems (NYSE: ALH), Ascendis Pharma (Nasdaq: ASND), Bullish (NYSE: BLSH), dLocal Limited (Nasdaq: DLO), Heartbeam (Nasdaq: BEAT), Heartflow (Nasdaq: HTFL), KinderCare Learning Companies (NYSE: KLC), Legence (Nasdaq: LGN), McGraw Hill (NYSE: MH), Melco Resorts & Entertainment (Nasdaq: MLCO), Mediwound (Nasdaq: MDWD), Nomad Foods (NYSE: NOMD), PetMed Express (Nasdaq: PETS), SOLV Energy (Nasdaq: MWH), Stratasys (Nasdaq: SSYS), The Metals Company (Nasdaq: TMC), Wolverine (NYSE: WWW), Workhorse Group (Nasdaq: WKHS), YETI Holdings (NYSE: YETI). 

Notable IPOs Today: Robinhood Ventures Fund II (NYSE: RVII), Thunder Bridge Capital Partners V, Ltd. Units (Nasdaq: TBCVU), Gores Holdings XI, Inc. Class A Ordinary Shares (Nasdaq: GHXI).

Notable Equity Crowdfunding Campaigns Ending Today: Eunoia Barbershop & Salon (Honeycomb Credit), ON Beer (Crowdcube), Tilt (Crowdcube).

Notable Economic Events Today: Jobless Claims (8:30 a.m. ET), Producer Price Index / Core PPI (8:30 a.m. ET), Fed's Balance Sheet (4:30 p.m. ET).

Semiconductor company Cerebras Systems $CBRS ( ▲ 11.63% ) nosedived 16.61% in after-hours trading on Wednesday after posting disappointing financial results.

Financials: Cerebras reported a loss of $2.98 per share in the past quarter and revenue of $180.1 million. Both were lower than expected.

Final Thoughts: Since its initial public offering in May, Cerebras has lost nearly 30% of its value.

Virgin Galactic $SPCE ( ▲ 0.3% ) plunged 11.52% in after-hours trading on Wednesday. The company posted mixed financial results and delayed the launch of its first commercial spaceflight to February 2027 instead of later this year.

Financials: Virgin Galactic reported a loss of 50 cents per share in the past quarter, which was better than expected. But revenue was just about $100,000, which was lower than expected.

Final Thoughts: The stock is down 50% since June.

Rate Hike Odds Drop: US consumer inflation mild in July, economy still not out of the woods (Reuters)

Buying Into Bitcoin: Goldman Sachs leaps into bitcoin income ETFs with $2.25 billion NEOS buyout (CoinDesk)

Stake-Holders: Ethereum staking climbs to 34% as proposal targets validator rewards and ETH treasury firm yields (The Block)

Buyout is our Recipe: Wendy’s stock jumps on report of potential takeover bid from Nelson Peltz’s Trian Fund Management (CNBC)

Editorial Integrity: Paramount Has Discussed Creating a Board to Ensure CNN’s Independence (Wall Street Journal)

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

Pick winning stocks: Upgrade to Early Bird Prime.

Become a smarter investor: Get Early Bird Exclusives

Connect with other investors: Join The Nest

Want more investing tips? Listen to the podcast.

Show Your Support: Buy Me a Coffee.

Questions or comments? Hit reply to reach out.