Robinhood's Cryptocurrency Boom

And, Cisco's AI infrastructure biz.

February 13, 2025

Today is Thursday, February 13, 2025.

The Early Bird Index today is 82.89

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Robinhood's Cryptocurrency Boom

Robinhood Markets (Nasdaq: HOOD) surged 15.31% in after-hours trading on Wednesday after the financial services company posted strong earnings results.

Financials: Robinhood reported earnings of $1.01 per share and revenue of $1.01 billion in the past quarter; both were better than expected.

Early Bird’s Nest Egg Gains: Revenue for cryptocurrency jumped over 700% in the quarter. This was due to the crypto rally in the last quarter, increased user engagement, new products on the platform that attracted new investors, and global expansion.

Final Thoughts: The stock is up 365% in the last 12 months.

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Notables

Notable Earnings Today: Roku (Nasdaq: ROKU), Airbnb (Nasdaq: ABNB), Datadog (Nasdaq: DDOG), Coinbase Global (Nasdaq: COIN), Twilio (NYSE: TWLO), Deere (NYSE: DE), DraftKings (Nasadq: DKNG), Palo Alto Networks (Nasdaq: PANW), Applied Materials (Nasdaq: AMAT), Wynn Resorts (Nasdaq: WYNN), Hyatt Hotels (NYSE: H), Crocs (Nasdaq: CROX), Duke Energy (NYSE: DUK), GoDaddy (NYSE: GDDY), PG&E (NYSE: PCG), Hertz Global (Nasdaq: HTZ), CyberArk Software (Nasdaq: CYBR), Altice USA (NYSE: ATUS), Hanesbrands (NYSE: HBI), Yelp (NYSE: YELP), Howmet Aerospace (NYSE: HWM), Global Payments (NYSE: GPN), GE HealthCare (Nasdaq: GEHC), Molson Coors Brewing (NYSE: TAP), Republic Services (NYSE: RSG), Pagaya (Nasdaq: PGY), Wendy's (Nasdaq: WEN), Agios Pharmaceuticals (Nasdaq: AGIO), Air Lease (NYSE: AL), Alnylam Pharmaceuticals (Nasdaq: ALNY), American Electric (Nasdaq: AEP), Avient (NYSE: AVNT), Bio-Rad Labs (NYSE: BIO), Blueprint Medicines (Nasdaq: BPMC), Bright Horizons (NYSE: BFAM), CBRE Group (NYSE: CBRE), Ceva (Nasdaq: CEVA), DaVita (NYSE: DVA), Dexcom (Nasdaq: DXCM), Digital Realty Trust (NYSE: DLR), DNOW (NYSE: DNOW), Euronet (Nasdaq: EEFT), Federal Realty (NYSE: FRT), Genesis Energy (NYSE: GEL), Granite Construction (NYSE: GVA), Herc Holdings (NYSE: HRI), Hercules Capital (NYSE: HTGC), Informatica (NYSE: INFA), Iridium Communications (Nasdaq: IRDM), Iron Mountain (NYSE: IRM), Kelly Services (Nasdaq: KELYA), Knife River (NYSE: KNF), Lincoln Electric (Nasdaq: LECO), LXP Industrial Trust (NYSE: LXP), Moody's (NYSE: MCO), Motorola Solutions (NYSE: MSI), Nova Measuring (Nasdaq: NVMI), Nu Skin Enterprises (NYSE: NUS), Organon (NYSE: OGN)  Pacific Biosciences (Nasdaq: PACB), PBF Energy (NYSE: PBF), Penske Automotive Group (NYSE: PAG), PPL Corp (NYSE: PPL), Procore Technologies (NYSE: PCOR), Sally Beauty Holdings (NYSE: SBH), Scorpio Tankers (NYSE: STNG), Sun Life (NYSE: SLF), TransUnion (NYSE: TRU), TriNet Group (NYSE: TNET), Udemy (Nasdaq: UDMY), US Foods Holding (NYSE: USFD).

Notable IPOs Today: Karman Holdings Inc. (NYSE: KRMN), TEN Holdings, Inc. Common Stock (Nasdaq: XHLD), SailPoint, Inc. Common Stock (Nasdaq: SAIL), Aardvark Therapeutics, Inc. Common Stock (Nasdaq: AARD), Sandisk Corporation Common Stock When-Issued (Nasdaq: SNDKV).

Notable Equity Crowdfunding Campaigns Ending Today: Halespring (Wefunder), Opticyte (StartEngine), ROSE Diagnostics (StartEngine), Humphry Slocombe (SMBX), Left Hand Brewing Company (Wefunder), White Elephants' Technology (Wefunder).

Notable Economic Events Today: Jobless Claims (8:30 a.m. ET), Producer Price Index / Core PPI) (8:30 a.m. ET), Fed's Balance Sheet (4:30 p.m. ET).

Cisco's AI Infrastructure Sales

Riding its AI wave, Cisco Systems (Nasdaq: CSCO) posted good financial earnings results and jumped 6.59% in after-hours trading on Wednesday.

Financials: Cisco reported earnings of 94 cents per share and revenue of $13.9 billion in the past quarter; both were better than expected.

Final Thoughts: Investors were pleased that AI Infrastructure orders totaled more than $350 million.

AppLovin Skyrockets After Posting Results

AppLovin (Nasdaq: APP) surged 29.04% in after-hours trading on Wednesday after posting strong financial earnings results.

Financials: AppLovin reported earnings of $1.73 per share and revenue of $1.37 billion in the past quarter; both were better than expected.

Final Thoughts: The stock is up over 700% (wow!) in the last 12 months.

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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.