Today is Wednesday, May 28, 2025.

The Early Bird Index today is 81.75

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Okta Flags "Potential Risks" ⚠️

Despite posting good financial earnings results on Tuesday, shares of the identity and access management company Okta $OKTA ( ▼ 3.25% ) plunged 12.84% in after-hours trading.

Financials: Okta reported earnings of 86 cents per share and revenue of $688 million in the past quarter. Both were better than expected.

Powering the Story: The company lowered its non-GAAP operating income outlook for the year on Tuesday. Okta said it is “now factoring in potential risks related to the uncertain economic environment for the remainder of FY26.”

Early Bird’s Nest Egg Gains: Tariffs create macro uncertainties for technology companies by injecting volatility into costs, supply chains, investment decisions, and global competition. The unpredictability of policy changes, combined with the risk of retaliatory actions and broader economic impacts, makes it difficult for tech firms to plan, invest, and grow with confidence.

Final Thoughts: Okta’s cautious outlook has disrupted its strong year. The stock was previously up 59% in 2025.

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Notables

Notable Earnings Today: Nvidia (Nasdaq: NVDA), Salesforce (NYSE: CRM), Dick's Sporting Goods (NYSE: DKS), Abercrombie & Fitch (NYSE: ANF), Macy's (NYSE: M), C3.ai (NYSE: AI), HP Inc. (NYSE: HPQ), Nutanix (Nasdaq: NTNX), nCino (Nasdaq: NCNO), Nordson (Nasaq: NDSN), Agilent Technologies (NYSE: A), Veeva Systems (NYSE: VEEV), Capri Holdings (NYSE: CPRI), Phreesia (NYSE: PHR), SentinelOne (NYSE: S), Pure Storage (NYSE: PSTG), Kingsoft Cloud (Nasdaq: KC), e.l.f. Beauty (NYSE: ELF), Columbus McKinnon (Nasdaq: CMCO), Bank of Montreal (NYSE: BMO), Synopsys (Nasdaq: SNPS), IceCure Medical (Nasdaq: ICCM), Monro Muffler (Nasdaq: MNRO), Photronics (Nasdaq: PLAB), Reservoir Media (Nasdaq: RSVR), VNET Group (Nasdaq: VNET).

Notable IPOs Today: Emera Incorporated (NYSE: EMA).

Notable Equity Crowdfunding Campaigns Ending Today: PowerBox Technology (Wefunder).

Notable Economic Events Today: FOMC Meeting Minutes (2:00 p.m. ET), API Weekly Crude Oil Stock (4:30 p.m. ET).

Ethereum's Institutional Support

The price of Ethereum $ETH.X ( ▼ 0.0% ) jumped about 3% on Tuesday as most other cryptocurrency prices remained flat.

Details: Ethereum is now up nearly 50% in the past 30 days.

Powering the Story: Institutional investors are pouring cash into Spot Ethereum ETFs (exchange-traded funds). BlackRock’s ETHA has $136.4 million in weekly inflows, according to CoinDesk. This is causing trading volume to spike.

Final Thoughts: Despite the increased institutional support from large investors, retail investor participation in Ethereum remains relatively subdued.

Vail Resorts Brings Back Former CEO

Mountain resort company Vail Resorts $MTN ( ▼ 1.42% ) jumped 9.54% in after-hours trading on Tuesday after announcing the return of Rob Katz as CEO.

Details: The transition plan calls for Kirsten Lynch to step down as CEO.

Background: Vail Resorts is down 20% in the past year amid mixed financial results and a decline in ski traffic.

Final Thoughts: Investors hope that Katz can turn the company around.

Trends to Watch

Game On: Apple to Debut Dedicated Gaming App Within Days of Switch 2’s Arrival (Bloomberg)

XRP Risk: Is XRP price going to crash again? (Cointelegraph)

Complete Reversal: Trump Media Raises Money to Buy $2.5 Billion in Bitcoin (New York Times)

Earlier: United Airlines wants all domestic travelers checked in 45 minutes before departure (USA Today)

Big Acquisition: Salesforce to buy Informatica for $8 billion to bolster AI data tools (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.}