Today is Thursday, February 12, 2026.

The Early Bird Index today is 80.15.

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Despite bragging about the company’s “value leadership” and good financial results on Wednesday, McDonald’s $MCD ( ▲ 2.74% ) ticked down 0.13% in after-hours trading.

Financials: McDonald's reported earnings of $3.12 per share in the past quarter and revenue of $7 billion. Both were better than expected.

Early Bird’s Nest Egg Gains: McDonald’s stock fell because investors focused less on the strong Q4 beat and “value leadership” message and more on what management signaled about slower growth and ongoing pressures ahead.

Final Thoughts: McDonald's stock has only seen minor gains in the past year.

Notable Earnings Today: Coinbase Global (Nasdaq: COIN), Pinterest (NYSE: PINS), Arista Networks (NYSE: ANET), Rivian Automotive (Nasdaq: RIVN), Airbnb (Nasdaq: ABNB), Instacart (Nasdaq: CART) Roku (Nasdaq: ROKU), Twilio (NYSE: TWLO), Crocs (Nasdaq: CROX), Applied Materials (Nasdaq: AMAT), TripAdvisor (Nasdaq: TRIP), Toast (NYSE: TOST), DraftKings (Nasdaq: DKNG), Birkenstock Holding Plc (NYSE: BIRK), Expedia Group (Nasdaq: EXPE), Hyatt Hotels (NYSE: H), Restaurant Brands Int'l (NYSE: QSR). PG&E (NYSE: PCG), Dutch Bros (NYSE: BROS), US Foods (NYSE: USFD), Utz Brands (NYSE: UTZ), Howmet Aerospace (NYSE: HWM), JFrog (Nasdaq: FROG), Zoetis (NYSE: ZTS), Wynn Resorts (Nasdaq: WYNN), Yelp (NYSE: YELP), Zebra Tech (Nasdaq: ZBRA), American Electric (Nasdaq: AEP), Agnico-Eagle Mines (NYSE: AEM), CAE (NYSE: CAE), Canadian Natural Resources (NYSE: CNQ), Cenovus Energy (NYSE: CVE), Cohu (Nasdaq: COHU), Flowers Foods (NYSE: FLO), Healthcare Realty (NYSE: HR), Hercules Capital (NYSE: HTGC), Ingersoll-Rand (NYSE: IR), IPG Photonics (Nasdaq: IPGP), Iridium Communications (Nasdaq: IRDM), Iron Mountain (NYSE: IRM), Kimco Realty (NYSE: KIM), Public Storage (NYSE: PSA), Ryan Specialty Group (NYSE: RYAN), Scorpio Tankers (NYSE: STNG), Sylvamo (NYSE: SLVM), Telus (NYSE: TU), TransUnion (NYSE: TRU), TriNet Group (NYSE: TNET), Vertex Pharma (Nasdaq: VRTX).

Notable IPOs Today: State Street Institutional Investment Trust (NYSE: MMK), XFLH Capital Corporation (NYSE: XFLH), ARKO Petroleum Corp. Class A Common Stock (Nasdaq: APC), Braiin Limited Common Stock (Nasdaq: BRAI), Social Commerce Partners Corporation Class A Ordinary Shares (Nasdaq: SPCQ), Silicon Valley Acquisition Corp. Class A Ordinary Shares (Nasdaq: SVAQ), Proem Acquisition Corp I Units (Nasdaq: PAACU), HCM IV Acquisition Corp. Unit (Nasdaq: HACQU), Birchtech Corp. (NYSE American: BCHT).

Notable Equity Crowdfunding Campaigns Ending Today: N/A.

Notable Economic Events Today: Jobless Claims (8:30 a.m. ET), Existing Home Sales (10:00 a.m. ET), Fed's Balance Sheet (4:30 p.m. ET).

Although Cisco Systems $CSCO ( ▼ 12.32% ) posted good financial earnings results on Wednesday, a weaker gross margin of 67.5% caused the stock to fall 7.59% in after-hours trading.

Financials: Cisco reported earnings of $1.04 per share in the past quarter and revenue of $15.3 billion. Both were better than expected.

Final Thoughts: The stock had been surging in the past year with a 37% gain.

Cloud computing company Fastly $FSLY ( ▲ 72.29% ) skyrocketed 35.55% in after-hours trading on Wednesday after posting strong financial earnings results.

Financials: Fastly reported earnings of 12 cents per share in the past quarter and revenue of $172.6 million. Both were better than expected.

Final Thoughts: The company’s financial outlook was also strong.

Constructive Tone: JPMorgan bullish on crypto for rest of year as institutional flows set to drive recovery (CoinDesk)

Borrowing Pains: Federal Debt to Hit Record Levels, Budget Office Warns (New York Times)

Mixed Results: U.S. had almost no job growth in 2025 (NBC)

Staying Together: Kraft Heinz pauses work to split the company as new CEO says ‘challenges are fixable’ (CNBC)

Halting: Crypto lender BlockFills suspends withdrawals amid faltering bitcoin price (Reuters)

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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.}