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Today is Monday, April 20, 2026.
The Early Bird Index today is 79.06.
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Reed Hastings Steps Down 📺
Netflix $NFLX ( ▼ 9.72% ) is down over 9% since Thursday after announcing financial earnings results and the departure of a co-founder.
Financials: Netflix reported earnings of $1.23 per share in the past quarter and revenue of $12.25 billion. Both were better than expected.
Details: The streaming giant expects revenue growth of about 13% in the current quarter, which concerned investors who thought the outlook was too light.
Powering the Story: Netflix shocked investors on Thursday when announcing Reed Hastings, co-founder and chairman, is leaving the board.
Early Bird’s Nest Egg Gains: Hastings’ departure is viewed negatively mainly because it removes Netflix’s founding visionary and a major source of strategic credibility, even though he had already stepped away from day-to-day operations in 2023.
Final Thoughts: Despite the recent news, shares of Netflix are still up nearly 7% this year.
The Electrification of Heavy Machinery Has a Ground Floor
Tesla did it to cars. Now the same shift is coming for excavators, forklifts, cranes, and military equipment. The difference is that nobody has owned this moment yet — until RISE Robotics.
Their technology strips hydraulics out of heavy machinery entirely and replaces it with a patented electric actuator. No fluid. Full digital control. Built for the autonomous machines that are coming whether the industry is ready or not. The Pentagon is already a customer.
Last Round Oversubscribed. $9.7M in revenue already on the board. Dylan Jovine of ‘Behind the Markets’ spotted it early. The Wefunder community round lets anyone invest alongside institutional backers.
Notables
Notable Earnings Today: Cleveland-Cliffs (NYSE: CLF), Alaska Air (NYSE: ALK), Bank of Hawaii (NYSE: BOH), BOK Financial (Nasdaq: BOKF), Steel Dynamics (Nasdaq: STLD), Wintrust Financial (Nasdaq: WTFC), Zions Bancorporation (Nasdaq: ZION), AGNC Investment (Nasdaq: AGNC), Capital City Bank (Nasdaq: CCBG), Flexsteel Industries (Nasdaq: FLXS), Nano-X Imaging (Nasdaq: NNOX), Netstreit (NYSE: NTST), RBB Bancorp (Nasdaq: RBB), ServisFirst Bancshares (NYSE: SFBS), SmartFinancial (NYSE: SMBK), Washington Trust Bancorp (Nasdaq: WASH).
Notable IPOs Today: TRG Latin America Acquisitions Corp. Class A Ordinary Shares (Nasdaq: TRGS), SUMA Acquisition Corporation Class A Ordinary Shares (Nasdaq: TUMA), Illumination Acquisition Corp I Class A Ordinary Shares (Nasdaq: ILLU).
Notable Equity Crowdfunding Campaigns Ending Today: Clara (Wefunder), Cognomie Mental Fitness Coaching (Crowdcube).
Notable Economic Events Today: N/A.
Eli Lilly's New Biotech Deal
Eli Lilly’s $LLY ( ▲ 2.55% ) 2026 M&A spree shows no signs of slowing down, as the pharma giant reportedly eyes its next target.
Details: The Wall Street Journal reported on Sunday that Eli Lilly is in advanced talks to buy biotech company Kelonia Therapeutics for more than $2 billion.
The deal could come as early as today and might include additional consideration if Kelonia reaches certain milestones.
Background: Eli Lilly’s stock might be down 14.19% in 2026, but that hasn’t stopped the company from using the cash flow from its weight loss products on deals. The company recently acquired Centessa Pharmaceuticals for about $6.3 billion and Orna Therapeutics for $2.4 billion.
Final Thoughts: Eli Lilly will report financial earnings results next Thursday.
Hyperliquid’s Sundah Slump
Hyperliquid $HYPE ( ▼ 4.75% ) experienced the largest decline among major cryptocurrencies on Sunday, down 5%. It is down 6% in the past week.
Final Thoughts: Hyperliquid is still up about 74% in the past 3 months.
Trends to Watch
Delivery Rivals: Walmart challenges Amazon on same-day delivery by using stores as warehouses (Financial Times)
Space Blunder: Blue Origin’s New Glenn put a customer satellite in the wrong orbit during its third launch (TechCrunch)
Limited Impact: Stablecoins not a threat to banks in the near-term (Cointelegraph)
Bullish: The S&P 500 has blown past 7,000 in an epic comeback rally. Here’s why it can keep going. (MarketWatch)
Vacation Pains: Soaring jet fuel prices, shortages could threaten your European vacation (Washington Post)
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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.
