Costco's Special $15 Dividend

And, Lennar's interest rate environment.

Today is Friday, December 15, 2023.

The Early Bird Index today is 63.93.

New to this newsletter? Sign up here

Hey Early Birds!

Hope this email finds you riding the investment wave like a pro! 📈✨ We've got something exciting brewing, and we need YOUR input to make it even better.

Help us shape the future of Early Bird by taking our quick, 10-question survey 🗣️ Plus, just for sharing your thoughts, you could snag a $25 Amazon gift card. Cha-ching! 💸

Cheers to making Early Bird even more awesome together!

Happy investing,

Steven and The Early Bird Team 🐦🚀

Costco's Special $15 Dividend

Shares of Costco (Nasdaq: COST) ticked up 1.30% in after-hours trading on Thursday after the retail giant posted solid financial earnings results.

Financials: Costco reported earnings of $3.58 per share in the past quarter and revenue of $56.72 billion, both were better than expected.

Details: Net sales increased by 6.1% year-over-year.

Powering the Story: Costco is giving out a special dividend of $15 per share to shareholders of record at the close of business on December 28. Costco’s normal quarterly dividend is $1.02 per share.

Stock Price: Costco is up 39% this year, including a 5% increase in the last 30 days.

Final Thoughts: There are still many unknowns about Costco, including how a potential recession could limit consumer spending. There are also questions about potential membership fee increases. But for now, this special dividend is pleasing investors.

Hal9 (Sponsored)

Chat with your enterprise databases using secure generative AI and empower business users in your team to do their own data analyses in seconds.


Notable Earnings Today: Darden Restaurants (NYSE: DRI).

Notable IPOs Today: Alpha Blue Capital US Small-Mid Cap Dynamic ETF (Nasdaq: ABCS), Themes Cloud Computing ETF (Nasdaq: CLOD), Themes Global Systemically Important Banks ETF (Nasdaq: GSIB), Themes European Luxury ETF (Nasdaq: FINE).

Notable Equity Crowdfunding Campaigns Ending Today: Sip + Co (Honeycomb), Gameflip (StartEngine), BenchK12 (Wefunder), NeuraMetrix (Netcapital), Popoca (Wefunder), Rock N Roll Donut Bar (Mainvest), Reel Analytics (Netcapital), Debellation Brewing Company (Mainvest), Square Baby (Wefunder).

Notable Economic Events Today: NY Empire State Manufacturing Index (8:30 a.m. ET), Industrial Production (9:15 a.m. ET), S&P Global Services PMI (9:45 a.m. ET), S&P Global Composite PMI (9:45 a.m. ET), S&P Global US Manufacturing PMI (9:45 a.m. ET).

Lennar's Interest Rate Environment

Homebuilder Lennar (NYSE: LEN) fell by 3.11% in after-hours trading on Thursday, despite good financial results from the company.

Financials: Lennar reported earnings of $5.17 per share in the past quarter and revenue of $10.96 billion; both were better than expected.

Details: Home deliveries in the quarter increased by 19% and new orders rose by 32%.

Yes, But: The company’s homebuilding gross margin in the past quarter faced pressure from higher interest rates. Lennar said that it will not provide full-year margin guidance at this time because “the interest rate environment is rapidly evolving.” 

Stock Price: Lennar is up 68% in 2023, including a 22% increase in the last 30 days.

Final Thoughts: Interest rate changes are squeezing Lennar and investors didn’t like it. The stock is still strong, but the lack of a full-year margin guidance is an issue.

Hedera Jumps Due to String of Good News

The price of the cryptocurrency Hedera jumped 8% on Thursday thanks to a dose of recent good news.

Powering the Story: The Hedera Council, the network behind the Hedera coin, appointed Charles Adkins as its new president on Wednesday. The following day, the bank platform BankSocial rolled out a Hedera-compatible self-custody wallet for crypto.

Final Thoughts: Hedera is up 43% in the last 30 days, but it has a history of being volatile and tough to trust sometimes.

Thank you for reading!

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

Want more investing tips? Listen to the podcast.

Show Your Support: Buy Me a Coffee.

Questions or comments? Hit reply to reach out.