KB Home's Worrisome Outlook

Plus, Stitch Fix's active clients.

September 25, 2025

Today is Thursday, September 25, 2025.

The Early Bird Index today is 93.60.

New to this newsletter? Sign up here

Disseminated on behalf of Gunnison Copper Corp.

America’s Newest Copper Producer

Gunnison Copper Corp. (TSX: GCU) is positioning itself as a Made-in-America copper supplier just as U.S. policy turns protectionist. In August 2025, the Department of the Interior proposed adding copper to the U.S. Geological Survey’s Critical Minerals List, a move that could accelerate domestic demand as prices hover near $5/lb.

⛏️ Gunnison is executing a two-phase strategy: they restarted the Johnson Camp Mine (JCM), and are developing their flagship open-pit Gunnison Project in Arizona.

🤝 A strategic partnership with Rio Tinto’s Nuton covers the cost and risk of JCM’s restart, providing credibility and reducing dilution for shareholders.

📊 Despite these milestones, Gunnison trades at just 0.05x Price-to-NAV, a deep discount relative to peers. Recent share performance, including a strong rally in April 2025, signals early re-rating momentum.

🇺🇸 With ~41% of U.S. copper still imported, Gunnison offers investors direct exposure to a reshoring theme, supplying fully American-made copper cathode to energy, defense, and manufacturing supply chains.

KB Home's Worrisome Outlook

Despite posting better-than-expected financial earnings results on Wednesday, shares of the homebuilding company KB Home $KBH ( ▼ 0.05% ) dipped 0.18% in after-hours trading.

Financials: KB Home reported earnings of $1.61 per share in the past quarter and revenue of $1.62 billion. Both were better than expected.

Powering the Story: On Wednesday, the company lowered its housing revenue outlook. It was previously expected that housing revenue would be in the range of $6.30 billion to $6.50 billion for the year. Now, KB Home expects it to be in the range of $6.10 billion to $6.20 billion.

Early Bird’s Nest Egg Gains: KB Home is facing a difficult housing market in 2025 because high mortgage rates, affordability challenges, and buyer uncertainty have weakened demand for new homes.

  • Ongoing pressures for all builders in 2025 include labor shortages, higher land and building costs, and new tariffs on materials.

Final Thoughts: The stock is down over 3% this year, but the company is still buying back its stock to boost the struggling price.

Notables

Notable Earnings Today: Costco Wholesale (Nasdaq: COST), Accenture (NYSE: ACN), CarMax (NYSE: KMX), Concentrix (Nasdaq: CNXC), BlackBerry (NYSE: BB), Jabil (NYSE: JBL), TD Synnex (NYSE: SNX), Legacy Education (NYSE American: LGCY), LightPath Technologies (Nasdaq: LPTH), LuxExperience (NYSE: LUXE).

Notable IPOs Today: Kodiak AI, Inc. Common Stock (Nasdaq: KDK), Emmis Acquisition Corp. Units (Nasdaq: EMISU), Drugs Made In America Acquisition II Corp. Unit (Nasdaq: DMIIU).

Notable Equity Crowdfunding Campaigns Ending Today: Forward Rx (Honeycomb)

Notable Economic Events Today: GDP (8:30 a.m. ET), Jobless Claims (8:30 a.m. ET), Durable Goods Orders / Core Durable Goods Orders (8:30 a.m. ET), Goods Trade Balance (8:30 a.m. ET), Retail Inventories Excluding Auto (8:30 a.m. ET), Core PCE Prices (8:30 a.m. ET), Existing Home Sales (10:00 a.m.).

Stitch Fix's Declining Active Clients

Stitch Fix $SFIX ( ▲ 3.3% ) fell 6.56% in after-hours trading on Wednesday after the online personal styling service posted financial results.

Financials: Stitch Fix reported a loss of 7 cents per share in the past quarter and revenue of $311.2 million. Both were better than expected.

Outlook: The company expects revenue to grow 4.4% to 6.0% in the current quarter, a turnaround from recent periods.

Powering the Story: The number of active clients declined 1.9% since the last quarter and 7.9% year-over-year. It’s a negative trend that continues for the company. This drop raises questions about core demand and long-term growth.

Final Thoughts: Shares of Stitch Fix were up 29% this year, which is in spite of these problems.

Hertz Offers Senior Notes

Hertz Global Holdings $HTZ ( ▲ 0.14% ) jumped 8.95% in after-hours trading on Wednesday after announcing an offering of $250 million in exchangeable senior notes.

Final Thoughts: The stock was already up over 86% this year.

Thank you for reading!

Forward to a friend and tell them to sign up here.

Pick winning stocks: Upgrade to Early Bird Prime.

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.