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Today is Thursday, July 9, 2026.
The Early Bird Index today is 87.30.
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Why Levi's Stock Still Fell 👖
Despite posting good financial earnings results and raising its financial outlook on Wednesday, Levi Strauss $LEVI ( ▼ 1.18% ) fell 5.91% in after-hours trading.
Financials: Levi Strauss reported earnings of 28 cents per share in the past quarter and revenue of $1.6 billion. Both were better than expected.
Details: Revenue jumped 8%, with the growing direct-to-consumer business increasing 11%. Levi Strauss is hiking its dividend. The company also boosted its financial outlook, expecting revenue to now grow 7% to 7.5% this year, which is up from a previous range of 5.5% to 6.5%
Powering the Story: Problems persist. Investors want Levi Strauss to boost its financial outlook higher than it did. Also, Levi Strauss continues to call out tariffs as a “headwind” in the past quarter.
Early Bird’s Nest Egg Gains: Tariffs are still a big problem for Levi Strauss because most of its products are sourced from countries that face high U.S. import duties.
Levi cannot fully absorb or fully pass through those sourcing costs. That leaves the company stuck between lower margins and the risk of higher prices hurting demand.
Final Thoughts: Shares of Levi Strauss were up 17% in 2026 due to increased demand for denim.
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Notables
Notable Earnings Today: PepsiCo (Nasdaq: PEP), WD-40 (Nasdaq: WDFC), Simply Good Foods (Nasdaq: SMPL), Byrna Technologies (Nasdaq: BYRN), Northern Technologies International (Nasdaq: NTIC), SimulationsPlus (Nasdaq: SLP).
Notable IPOs Today: Tarsier Pharma Ltd. (NYSE: TARX), Azul S.A. (NYSE: AZUL), Columbus Circle Capital Corp III Units (Nasdaq: CCCTU), Mercator Acquisition Corp. Units (Nasdaq: MRCOU).
Notable Equity Crowdfunding Campaigns Ending Today: 5 Generation Bakers (Honeycomb), Bruh’s Hot Chicken (Honeycomb), Haatch (Crowdcube).
Notable Economic Events Today: Jobless Claims (8:30 a.m. ET), Existing Home Sales (10:00 a.m. ET).
Costco's Sales Boost Issue
Costco $COST ( ▲ 0.59% ) fell 1.19% in after-hours trading on Wednesday even though the retail giant showed that its monthly sales recently grew.
Details: The company reported a 10.6% U.S. comparable sales increase in the past month on Wednesday. This included a 20.9% increase in digital sales.
Powering the Story: When you remove higher gas prices, sales were only up 7.6%. This shows that Costco’s recent sales increase is being driven more by higher gas prices than anything else.
Final Thoughts: Costco’s stock is up over 11% this year thanks to solid financial results and growth in the retail sector.
Solana’s Weak Wednesday
Wednesday was a weak day for the cryptocurrency market. Solana $SOL ( ▲ 0.79% ) fell about 4% on Wednesday, disrupting the positive momentum it experienced over the past few weeks.
Final Thoughts: While up 16% in the past month, Solana is still down about 37% since the start of the year.
Trends to Watch
Unlikely Tourist Destination: Walmart is hosting VIP tours for World Cup visitors (CNN)
Pain at the Pump: Oil prices rise, and stocks drop worldwide after Trump says ceasefire with Iran is ‘over’ (Associated Press)
Back Down to Earth: SpaceX stock closes below debut price at $148 in two-day slide after Nasdaq-100 inclusion (CNBC)
Bitcoin Pullback: Bitcoin Slips to $62,000, Paring Rebound as CryptoQuant Sees Room Higher (Bitcoin Magazine)
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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.
