Today is Friday, March 20, 2026.

The Early Bird Index today is 74.64.

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FedEx $FDX ( ▲ 1.82% ) surged 9.47% in after-hours trading on Thursday after reporting strong financial earnings results and a healthy outlook.

Financials: FexEx reported earnings of $5.25 per share in the past quarter and revenue of $24 billion. Both were better than expected.

Details: While the company’s freight segment faced more challenges with increased costs and lower shipments, the company’s Federal Express segment grew due to higher package yields and cost savings.

Outlook: The transportation giant also boosted its guidance for the fiscal year. Previously, the company expected 5% to 6% growth. Now, it anticipates 6% to 6.5% growth.

Powering the Story: FedEx now anticipates more cost-cutting, building on a trend over the past few years. It expects permanent cost reductions of more than $1 billion this year, compared to the prior forecast of just $1 billion in savings.

Early Bird’s Nest Egg Gains: FedEx is still finding “new” permanent costs to cut in 2026 because a lot of the savings are coming from multi‑year structural rewiring of the network that naturally surfaces savings in phases rather than all at once.

Final Thoughts: On Thursday, FedEx also said that it is on track to spin off its freight business in June.

^{PRESENTED BY WORKSPORT}

Worksport Ltd. (NASDAQ: WKSP) sits at the intersection of two major trends: reshoring U.S. manufacturing and decentralized energy solutions.

A few years ago, Worksport was a small accessories brand. Today, it operates a 222,000 square foot, ISO 9001:2015-certified manufacturing facility in Western New York, producing premium tonneau covers and launching its own clean-energy systems under one roof.

📈 Execution Showing Up in the Numbers
Revenue grew from $1.5M in 2023 to $16.2M in 2025, a 91% year-over-year increase. Gross margin expanded to 32% in Q4 2025, up from 11% a year earlier, reflecting operating leverage as factory output scaled.

🔋 Three Growth Engines

• Automotive Accessories – Competing in a $4B tonneau cover market with in-house production and expanding distribution.

• SOLIS™ + COR™ Nano-Grid – A folding solar truck cover paired with a modular battery system that turns pickup trucks into mobile power units. Commercial launch began January 2026.

• Terravis Energy (Aetherlux™) – A next-generation cold-climate heat pump under evaluation through the U.S. Department of Energy’s NREL program, targeting the ~$148B HVAC market.

🛠 From R&D to Monetization
With major development investments largely completed, management has indicated a shift toward commercialization, scale-up, and revenue growth, with a stated roadmap toward operating cash-flow positivity in 2026.

🌎 Why It’s on Watchlists
Worksport now combines tangible U.S. manufacturing assets, expanding margins, and multiple technology-driven growth paths across automotive and energy markets.

Distributed on behalf of Worksport Ltd. This is not financial advice. Please review company filings and conduct your own research.

^{This content was produced on behalf of Worksport. (NASDAQ: WKSP) and sponsored by the company. The influencer was compensated by Cashu Group to create this content. This is not financial advice, and viewers are encouraged to consult a financial professional before making investment decisions. Investing in companies involves significant risks, and past performance does not guarantee future results. Please do your own research.}

Notable Earnings Today: XPeng (NYSE: XPEV), BitFuFu (Nasdaq: FUFU), Milestone Pharmaceuticals (Nasdaq: MIST).

Notable IPOs Today: Janus Living, Inc. (NYSE: JAN), Space Asset Acquisition Corp. Class A Ordinary Shares (Nasdaq: SAAQ), Blue Water Acquisition Corp. IV (NYSE: BWIV), Guardian Metal Resources PLC (NYSE American: GMTL).

Notable Equity Crowdfunding Campaigns Ending Today: Westlake Brewing Company (Wefunder), Ovanova (Wefunder), SHARE (Wefunder), Bloomy (Wefunder).

Notable Economic Events Today: N/A.

Firefly Aerospace $FLY ( ▼ 0.99% ) jumped 7.04% in after-hours trading on Thursday after posting good financial results, including a 163% increase in revenue.

Financials: Firefly reported a loss of 26 cents per share in the past quarter and revenue of $57.67 million. Both were better than expected.

Final Thoughts: The company needed these good results after seeing its stock down nearly 62% in the past 12 months.

Publishing and education company Scholastic $SCHL ( ▲ 2.55% ) surged 10.54% in after-hours trading on Thursday after posting good financial results.

Financials: Scholastic reported a loss of 15 cents per share in the past quarter and revenue of $329.1 million. Both were better than expected.

Details: The stock got a boost after the company announced a $200 million stock buyback on Thursday.

Final Thoughts: Scholastic’s stock started 2026 with a 14% gain.

Potential Major Blow: Bitcoin drops 10% to threaten new retest of 'unreliable' BTC price support (Cointelegraph)

Back to the Futures: JPMorgan notes Hyperliquid gaining traction as traders seek 24/7 oil trading (The Block)

Returning to 2008: Big Banks Score Win Under New Plan to Loosen Capital Rules (Wall Street Journal)

The Weight is Over: FDA approves new higher-dose version of Wegovy shots (Associated Press)

Driverless Reality: Uber to invest up to $1.25 billion in EV maker Rivian in deal to launch 50,000 robotaxis (CNBC)

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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.}