Together With

Today is Thursday, June 26, 2025.

The Early Bird Index today is 84.91

New to this newsletter? Sign up here

^{PRESENTED BY VINTAGE CAPITAL}

Invest in recession-resilient Mobile Home Parks

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.

The 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.

Micron Hits "Record Revenue" 🚀

After posting strong financial earnings results on Wednesday, the computer memory and data storage company Micron $MU ( ▼ 0.98% ) ticked up 0.94% in after-hours trading.

Financials: Micron reported earnings of $1.91 per share and revenue of $9.3 billion in the past quarter. Both were better than expected.

Quote: “Micron delivered record revenue in fiscal Q3, driven by all-time-high DRAM revenue, including nearly 50% sequential growth in HBM revenue. Data center revenue more than doubled year-over-year and reached a quarterly record.” - CEO Sanjay Mehrotra.

Early Bird’s Nest Egg Gains: Despite these positive results, the stock’s reaction in after-hours trading was lackluster, with shares quickly giving up initial gains and ending up only slightly higher.

• With Micron’s stock trading near record highs and market sentiment already very bullish, much of the good news may have been priced in.

• While some analysts praise Micron’s outlook, others remain cautious.

Final Thoughts: The stock is up over 45% this year, including a 32% gain in the last 30 days.

Notables

Notable Earnings Today: Nike (NYSE: NKE), Acuity (NYSE: AYI), Walgreens Boots Alliance (Nasdaq: WBA), Concentrix (Nasdaq: CNXC), Lindsay Corp (NYSE: LNN), McCormick (NYSE: MKC), American Outdoor Brands (Nasdaq: AOUT), Enerpac Tool Group (NYSE: EPAC), HIVE Digital Technologies (Nasdaq: HIVE), Orion Energy System (Nasdaq: OESX).

Notable IPOs Today: Blue Gold Limited Class A Ordinary Shares (Nasdaq: BGL), Cantor Equity Partners III, Inc. Class A Ordinary Shares (Nasdaq: CAEP), Jefferson Capital, Inc. Common Stock (Nasdaq: JCAP), Julong Holding Limited Class A Ordinary Shares (Nasdaq: JHL), VERSES AI Inc. Common Stock (Nasdaq: VSAI).

Notable Equity Crowdfunding Campaigns Ending Today: Sear + Savor (Honeycomb), The Rose Room (Honeycomb), Presearch (Wefunder), MangoIllustrated (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), Core PCE Prices (8:30 a.m. ET), Goods Trade Balance (8:30 a.m. ET), Retail Inventories Excluding Autos (8:30 a.m. ET), Pending Home Sales (10:00 a.m. ET), Fed's Balance Sheet (4:30 p.m. ET).

Bitcoin Tries Late June Run

As most cryptocurrency prices remained flat or fell on Wednesday, Bitcoin $BTC.X ( ▲ 1.15% ) managed to jump over 1%.

Details: Wednesday’s rise in Bitcoin's price is primarily the result of easing geopolitical tensions, strong ETF inflows, positive technical signals, and a supply-demand imbalance due to long-term holding behavior among investors

Final Thoughts: Bitcoin is now up 3% this week. It is trying to recover during the last week of June. Overall, June was a bad month for Bitcoin, with the price down 1%.

MillerKnoll Posts Strong Results

The office furniture and home furnishings producer MillerKnoll $MLKN ( ▼ 0.05% ) jumped 10.50% in after-hours trading on Wednesday after posting strong financial earnings results.

Financials: MillerKnoll reported earnings of 60 cents per share and revenue of $961.8 million in the past quarter. Both were better than expected.

Final Thoughts: MillerKnoll’s stock was down 21% this year before these results.

Trends to Watch

An All-Time High: Nvidia Stock Surges to a New High. Here’s What Could Keep It There. (Barron’s)

Bumbled: Bumble says it will cut 240 jobs, or about 30% of its global workforce (Associated Press)

Stable Surge: Ethereum-based stablecoin adoption hits fresh all-time high with over 750,000 unique weekly users — a new all-time high (The Block)

Going After High Spenders: Airport lounges, Europe and premium class are on the table, Southwest CEO says (CNBC)

Coming Soon: Trump Considers Naming Next Fed Chair Early in Bid to Undermine Powell (Wall Street Journal)

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.}