Today is Wednesday, March 4, 2026.
The Early Bird Index today is 75.15.
New to this newsletter? Sign up here
CrowdStrike's Records Ignored
Despite posting strong financial results on Tuesday, the cybersecurity technology company CrowdStrike $CRWD ( ▲ 1.71% ) fell 0.16% in after-hours trading.
Financials: CrowdStrike reported earnings of $1.12 per share in the past quarter and revenue of $1.31 billion. Both were better than expected.
Powering the Story: The company bragged about its success on Tuesday, with its CEO and CFO using the word “record” six times in their earnings quotes to describe the quarter’s results.
Early Bird’s Nest Egg Gains: Expectations and valuation were extremely high, and anything short of “spectacular” upside on growth and guidance is being treated as a let‑down for CrowdStrike.
The stock is trading at a very rich multiple that already prices in years of robust growth.
Final Thoughts: The stock hasn’t moved much in the past 12 months.
Wall Street Just Named the Most Crowded Trades of 2026
AI stocks. Metals. Crypto.
Surprise, surprise; gold crashed 16%. Silver plunged 34%. Bitcoin dropped to 1 year lows.
All supposedly "uncorrelated" assets moving in lockstep largely because of overleveraged margin.
JPM strategists warn that the same leverage is still a risk.
Those markets may be recovering now, but cascading liquidations could trigger quickly across several asset classes simultaneously.
So much for diversifying away risk, right?
But get this–
70,819 everyday investors have allocated $1.3 billion fractionally across 500+ exclusive investments.
Not real estate or PE… Blue-chip art. Sounds crazy, right?
Now it’s easy to invest in art featuring legends like Banksy, Basquiat, and Picasso, thanks to Masterworks.
They do the heavy lifting from acquisition to sale, so you can diversify with the strategy typically limited to the ultra-wealthy.
(Past sales delivered net returns like 14.6%, 17.6%, and 17.8% on works held longer than a year.)*
*Investing involves risk. Past performance is not indicative of future returns. Important Reg A disclosures: masterworks.com/cd
Notables
Notable Earnings Today: Broadcom (Nasdaq: AVGO), Abercrombie & Fitch (NYSE: ANF), Dycom (NYSE: DY), Okta (Nasdaq: OKTA), Firefly Aerospace (Nasdaq: FLY), Wix.com (Nasdaq: WIX), Veeva Systems (NYSE: VEEV), StubHub Holdings (NYSE: STUB), Webull Corporation (Nasdaq: BULL), American Eagle (NYSE: AEO), Rigetti Computing (Nasdaq: RGTI), Stevanato Group (NYSE: STVN), National Vision (Nasdaq: EYE), Cracker Barrel (Nasdaq: CBRL), BillionToOne (Nasdaq: BLLN), Brown-Forman (NYSE: BF.B), European Wax Center (Nasdaq: EWCZ), EyePoint (Nasdaq: EYPT), Genius Sports (NYSE: GENI), Grocery Outlet (Nasdaq: GO), Holley (NYSE: HLLY), Niagen Bioscience (Nasdaq: NAG), Ooma (NYSE: OOMA), Riskified (NYSE: RSKD), SmartRent (NYSE: SMRT), Stem (NYSE: STEM).
Notable IPOs Today: GalaxyEdge Acquisition Corporation (NYSE: GLED), Kensington Capital Acquisition Corp. VI (NYSE: KCAC).
Notable Equity Crowdfunding Campaigns Ending Today: PittMoss (Wefunder), Catalyst Hot Dogs (Honeycomb), Kicker’s Saddle Jerky (Honeycomb), Whizz Education (Crowdcube).
Notable Economic Events Today: ADP Nonfarm Employment Change (8:15 a.m. ET), S&P Global Services PMI (9:45 a.m. ET), S&P Global Composite PMI (9:45 a.m. ET), ISM Non-Manufacturing Prices / PMI / Employment (10:00 a.m. ET), Crude Oil Inventories (10:30 a.m. ET), Beige Book (2:00 p.m. ET).
Ross Stores' Comparable Store Sales
Ross Stores $ROST ( ▼ 2.3% ) jumped 6.34% in after-hours trading on Tuesday after reporting good financial earnings results.
Financials: Ross Stores reported earnings of $2 per share in the past quarter and revenue of $6.63 billion. Both were better than expected.
Powering the Story: Comparable store sales surged 9% in the past quarter. Ross Stores projects comparable store sales to grow 7% to 8% in the current quarter.
Final Thoughts: The stock was already up 8% this year.
Cardano Falls Before Upcoming Catalysts
While most cryptocurrency prices stayed flat on Tuesday, Cardano $ADA ( ▲ 2.82% ) fell about 4%.
Details: Even though there are upcoming March catalysts (Protocol V11 hard fork, Midnight privacy sidechain, USDCx launch), traders are staying away from riskier assets right now, such as Cardano.
Final Thoughts: Cardano is down about 20% this year.
Trends to Watch
Headwinds: GitLab Forecasts Slower Sales Ahead, CEO Shares Plans to Boost Growth (Wall Street Journal)
New Target Era: Target to Spend Billions to Refresh Stores, and Hire More Workers (New York Times)
Closed: Iran has largely halted oil and gas exports through strait of Hormuz (The Guardian)
Junkie: Paramount’s Debt Downgraded to Junk Following Warner Bros. Purchase Deal (Bloomberg)
Some Progress: Bitcoin rebounds toward $70,000 as ETFs pull in $1.45 billion in five days (CoinDesk)
Thank you for reading!
Forward to a friend and tell them to sign up here.
Pick winning stocks: Upgrade to Early Bird Prime.
Be social: Like our Facebook page and follow us on Twitter.
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.

