Together With

Today is Wednesday, June 25, 2025.

The Early Bird Index today is 84.66

New to this newsletter? Sign up here

^{PRESENTED BY VINTAGE CAPITAL}

Invest in recession-resilient Mobile Home Parks with Vintage Capital

Invest in recession-resilient Mobile Home Parks with Vintage Capital. Invest directly or in a fund of 20+ underlying assets. 1031s are also available. Access stable, income-generating properties with consistent demand and low tenant turnover.

Now is the time to act: Current market conditions are creating opportunities to acquire properties at attractive valuations.

Our fund targets a 15%-17% IRR and makes monthly distributions, which provides a steady income stream alongside strong upside potential and tax-efficient benefits.

Why Mobile Home Parks?

• Recession-Resilient: Affordable housing demand drives stable returns in any economy

• High Tenant Retention: The average MHP tenant stays 10-12 years (compared to 2-3 in Multifamily)

• Proven Expertise: $100MM+ track record in mobile home park investments.

• Tax-Smart Investing: Bonus depreciation offers tax advantages.

FedEx Omits Financial Forecast 🚩

Despite posting financial earnings results that were better than expected on Tuesday, shares of FedEx $FDX ( ▼ 0.7% ) dropped 5.96% in after-hours trading.

Financials: FedEx reported earnings of $6.07 per share and revenue of $22.2 billion in the past quarter. Both were better than expected.

Details: On one hand, there’s a lot to like about these results. Operating income and the margin improved in the past quarter due to higher volume. The company also anticipates $1 billion in transformation program cost savings in the new fiscal year.

Powering the Story: On the other hand, FedEx declined to give investors a full-year forecast for earnings and revenue. And its earnings forecast for the current quarter was lower than expected.

Early Bird’s Nest Egg Gains: FedEx faces several significant uncertainties and challenges impacting its business environment.

• Unpredictability in the U.S. industrial economy, a major driver of FedEx’s business-to-business shipments, is limiting demand for its services and making it difficult to predict future performance with confidence.

• The expiration of FedEx’s contract with the United States Postal Service, its largest client, has exacerbated these problems.

Final Thoughts: FedEx’s decline in 2025 is bad for its investors and could be a harbinger of bad things to come for the economy.

Notables

Notable Earnings Today: Micron Technology (Nasdaq: MU), General Mills (NYSE: GIS), Paychex (Nasdaq: PAYX), Jefferies (NYSE: JEF), Worthington Steel (NYSE: WS), Winnebago (NYSE: WGO), H.B. Fuller (NYSE: FUL), Steelcase (NYSE: SCS), MillerKnoll (Nasdaq: MLKN), Daktronics (Nasdaq: DAKT), NovaGold Resources (NYSE American: NG).

Notable IPOs Today: Kandal M Venture Limited Class A Ordinary Shares (Nasdaq: FMFC).

Notable Equity Crowdfunding Campaigns Ending Today: N/A.

Notable Economic Events Today: Building Permits (8:30 a.m. ET), New Home Sales (10:00 a.m. ET), Crude Oil Inventories (10:30 a.m. ET).

Chainlink Teams With Mastercard

The price of the cryptocurrency Chainlink $LINK.X ( ▼ 1.63% ) jumped about 3% on Tuesday thanks to a new partnership that was announced with Mastercard $MA ( ▲ 2.11% ) .

Details: The new partnership allows Mastercard cardholders to easily purchase crypto assets directly on-chain through a secure fiat-to-crypto conversion that is powered by Chainlink.

Background: This announcement comes after a bad period for Chainlink. The price is down 13% in the past 30 days.

Final Thoughts: The announcement also had a positive impact on Mastercard’s stock, with the price jumping 2.80% on Tuesday.

BlackBerry’s Strong Financial Results

BlackBerry $BB ( ▲ 0.88% ) jumped 6.94 % in after-hours trading on Tuesday after posting strong financial results with surprise earnings.

Financials: BlackBerry reported earnings of 2 cents per share and revenue of $121.7 million in the past quarter. Both were better than expected.

Details: Most analysts expected BlackBerry to break even this quarter.

Final Thoughts: The stock was already up 13% this year.

Trends to Watch

Ouch: Torrid Holdings' Shares Slide on Secondary Offering, $20M Buyback (MarketWatch)

This is Plane Wrong: Missing Bolts and Other Failures Caused Plane Panel to Blow Off, N.T.S.B. Says (New York Times)

Bad Jerome Summer: Jerome Powell throws cold water on a rate cut in July (CNN)

Tariff Pain: What Tariffs Will — and Won’t — Change for U.S. Bitcoin Miners (CoinDesk)

Glazed Goodbyes: McDonald's and Krispy Kreme end brief partnership (CNBC)

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.}