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Ethereum's Pectra Upgrade 🚀

And, American Eagle's "disappointed" act.

May 14, 2025

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Today is Tuesday, May 14, 2025.

The Early Bird Index today is 79.53

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Ethereum's Pectra Upgrade 🚀

The price of Ethereum $ETH.X ( â–˛ 4.54% ) , the second-largest cryptocurrency, jumped about 10% on Tuesday amid a combination of fundamental and technical factors.

Details: Ethereum recently broke out of a multi-month downtrend, surging past key resistance levels at $1,950 and $2,200. The rally has been fueled by growing optimism in the broader crypto market this past week.

Powering the Story: A big reason for Ethereum’s recent price surge was the completion of the Pectra upgrade last week, the largest network upgrade since 2022. The upgrade enhanced security on the network and introduced new features such as account abstraction. It also made the blockchain faster and cheaper.

Price: Ethereum is up about 50% in the last week.

Early Bird’s Nest Egg Gains: By streamlining staking operations, reducing fees, and enhancing network performance, Pectra makes Ethereum more accessible and appealing to a wider range of participants, from retail users to large institutions. This broadens the potential investor base.

Final Thoughts: Despite the recent price surge, Ethereum is still down about 19% this year.

Gold hitting record highs

The price of gold keeps heating up. If the record-breaking year of 2024 wasn't enough, gold hit a major historic 2025 milestone by crossing the $3,000/ounce threshold!

Here are 3 Key Reasons:

  1. Looming economic & political uncertainty

  2. Increasing central bank demand

  3. Rising National Debt - over $36 Trillion

So, could gold surge even higher?

According to a recent statement from Jeffrey Gundlach, famed American business man and investor… “Gold continues its bull market that we’ve been talking about for a couple of years, ever since it was down to $1,800.” He expects gold to reach $4,000/oz.

Is it time you learn more about precious metals?

Get all the answers in your free 2025 Gold & Silver Kit. Plus, if you request your free kit today, you could qualify for up to 10% Instant Match in Bonus Silver*.

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Notables

Notable Earnings Today: Cisco Systems (Nasdaq: CSCO), Dynatrace (NYSE: DT), Tencent (OTCMKTS: TCEHY), Nextracker (Nasdaq: NXT), Capital Southwest (Nasdaq: CSWC), Luminar Technologies (Nasdaq: LAZR), Jack In The Box (Nasdaq: JACK), DXC Technology (NYSE: DXC), Arcos Dorados (NYSE: ARCO), CoreWeave (Nasdaq: CRWV), dLocal Limited (Nasdaq: DLO), Endava (NYSE: DAVA), Ibotta (NYSE: IBTA), Innoviz Technologies (Nasdaq: INVZ), Kornit Digital (Nasdaq: KRNT), Riskified (NYSE: RSKD), Star Bulk Carriers  (Nasdaq: SBLK), Steris (NYSE: STE), TMC the metals company (Nasdaq: TMC), Tower Semiconductor (Nasdaq: TSEM).

Notable IPOs Today: N/A.

Notable Equity Crowdfunding Campaigns Ending Today: N/A.

Notable Economic Events Today: Crude Oil Inventories (10:30 p.m. ET).

American Eagle's "Disappointed" Act

American Eagle Outfitters $AEO ( â–˛ 5.39% ) plunged 13.52% in after-hours trading on Tuesday after withdrawing its financial outlook and delivering poor preliminary results.

Financials: The company expects revenue to be down 5% this quarter and to incur a GAAP operating loss of about $85 million.

Quote: “We are clearly disappointed with our execution in the first quarter. Merchandising strategies did not drive the results we anticipated, leading to higher promotions and excess inventory. As a result, we have taken an inventory write down on spring and summer goods.”- CEO Jay Schottenstein.

Final Thoughts: The stock was down 25% this year before this bleak update.

Klaviyo’s New Stock Offering

The marketing automation platform Klaviyo $KVYO ( â–˛ 4.52% ) fell 4% in after-hours trading on Tuesday after announcing the closing of a $372 million public offering of shares from Andrew Bialecki, the company’s CEO.

Details: Klaviyo will not receive any proceeds from the sale.

Final Thoughts: The stock was up about 42% in the last 30 days.

Another UnitedHealth Setback: UnitedHealth CEO suddenly steps down for 'personal reasons' (NBC News)

Nvidia Back to Winning: Nvidia Stock Retakes Key Level On Saudi AI Deal (Investor’s Business Daily)

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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.