Intel's Turnaround Starts Now 🚀

And, Adobe’s outlook disappoints.

March 13, 2025

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Today is Thursday, March 13, 2025.

The Early Bird Index today is 68.29

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Intel's Turnaround Starts Now 🚀

Intel $INTC ( ▲ 4.37% ) investors rejoice! The struggling chipmaker named Lip-Bu Tan as its new CEO on Wednesday, sending shares up 10.44% in after-hours trading.

Details: Tan, an accomplished technology leader who is the former CEO of Cadence Design Systems, starts the role on March 18. He will be tasked with staging a comeback at Intel. The stock is down over 50% in the last 12 months.

Quote: “We are delighted to have Lip-Bu as our CEO as we work to accelerate our turnaround and capitalize on the significant growth opportunities ahead.” - Intel’s independent chair of the board.

Early Bird’s Nest Egg Gains: During his tenure at Cadence, Tan successfully transformed the business into an Intelligent System Design company, significantly expanding its market reach and profitability.

Final Thoughts: The public will hear from Tan at Intel’s next earnings call in late April.

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Notables

Notable Earnings Today: Dollar General (NYSE: DG), Ulta Beauty (Nasdaq: ULTA), DocuSign (Nasdaq: DOCU), Weibo (Nasdaq: WB), Blink Charging (Nasdaq: BLNK), PagerDuty (NYSE: PD), Zumiez (Nasdaq: ZUMZ), Semtech (Nasdaq: SMTC), Rubrik (NYSE: RBRK), G-III Apparel (Nasdaq: GIII), Ballard Power Systems (Nasdaq: BLDP), D-Wave Quantum (NYSE: QBTS), Emeren Group (NYSE: SOL), EverCommerce (Nasdaq: EVCM), Futu Holdings (Nasdaq: FUTU), GrowGeneration (Nasdaq: GRWG), Kingstone Companies (Nasdaq: KINS), Mach Natural Resources (NYSE: MNR), ServiceTitan (Nasdaq: TTAN), uCloudlink Group (Nasdaq: UCL), Village Farms International (Nasdaq: VFF), Xponential Fitnes (NYSE: XPOF).

Notable IPOs Today:  K&F Growth Acquisition Corp. II Class A Ordinary shares (Nasdaq: KFII), Marwynn Holdings, Inc. Common stock (Nasdaq: MWYN).

Notable Equity Crowdfunding Campaigns Ending Today: Mermaid Kitchen (SMBX), Target Arm (StartEngine), Vita Imaging (StartEngine), Flow Immersive (StartEngine), White Elephants' Technology (Wefunder), Pirouette Medical (Wefunder).

Notable Economic Events Today: Jobless Claims (8:30 a.m. ET), Core PPI / Produce Price Index (8:30 a.m. ET), Fed's Balance Sheet (4:30 p.m. ET).

Adobe’s Outlook Disappoints

Investors didn’t care much for Adobe’s $ADBE ( ▲ 2.54% ) record revenue in the quarter. The company reported financials on Wednesday and the stock fell 4.02% in after-hours trading.

Financials: Adobe reported earnings of $5.08 per share and revenue of $5.71 billion in the past quarter; both were better than expected. The revenue was a record.

Outlook: The problem is that Adobe only expects earnings per share to be between $4.95 to $5.00 in the current quarter.

Final Thoughts: It’s a bad look for Adobe. The stock is negative for the year.

American Eagle Outfitters Faces “Uncertain” Landscape

Clothing retailer American Eagle Outfitters $AEO ( ▲ 2.37% ) fell 5.15% in after-hours trading on Wednesday after posting concerning financial earnings results.

Financials: American Eagle reported earnings of 54 cents per share in the past quarter, which was better than expected. Revenue was $1.6 billion, which was in-line.

Powering the Story: The company complained in its earnings report about going “through an uncertain consumer and operating landscape” and facing headwinds.

Final Thoughts: The stock was down 33% in 2025.

Different Behind Closed Doors: CEOs Don’t Plan to Openly Question Trump. Ask Again If the Market Crashes 20%. (Wall Street Journal)

Good Question: Will Ethereum price bottom at $1.6K? (Cointelegraph)

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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.