Super Micro's Gross Margin

And, Airbnb sees "slowing" U.S. travel.

August 07, 2024

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Today is Wednesday, August 7, 2024.

The Early Bird Index today is 64.59.

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PRESENTED BY CLICKPROFIT

Handsfree Passive Income

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Bottom Line: You can own a portfolio of cash-flowing e-commerce brands by partnering with a leading e-commerce agency.

Super Micro's Gross Margin

Super Micro Computer (Nasdaq: SMCI) plunged 13.28% in after-hours trading on Tuesday after the technology company posted earnings that were lower than expected.

Powering the Story: The company’s gross margin fell to 11.2% from 17%, meaning it made less profit than the previous year.

Early Bird’s Nest Egg Gains: Super Micro Computer is a supplier for Nvidia (Nasdaq: NVDA). The company’s declining gross margin can be attributed to elevated costs, particularly from securing liquid cooling components, and competitive pressures.

Final Thoughts: There was some good news on Tuesday with Super Micro Computer announcing a 10-for-1 forward stock split for October 1.

Notables

Notable Earnings Today: Walt Disney (NYSE: DIS), Robinhood Markets (Nasdaq: HOOD), Shopify (NYSE: SHOP), Magnite (Nasdaq: MGNI), AppLovin (Nasdaq: APP), CVS Health (NYSE: CVS), Lyft (Nasdaq: LYFT), Beyond Meat (Nasdaq: BYND), Blink Charging (Nasdaq: BLNK), Zillow (Nasdaq: ZG), Digital Turbine (Nasdaq: APPS), Global Payments (NYSE: GPN), Duolingo (Nasdaq: DUOL), Occidental Petroleum (NYSE: OXY), Leslie's (Nasdaq: LESL), Novo Nordisk (NYSE: NVO), Bumble (Nasdaq: BMBL), Warner Bros. Discovery (Nasdaq; WBD), Warner Music Group (Nasdaq: WMG), Dutch Bros (NYSE: BROS), Hilton (NYSE: HLT), Ralph Lauren (NYSE: RL), Topgolf Callaway Brands (NYSE: MODG), HubSpot (NYSE: HUBS), Energy Transfer (NYSE: ET), Sarepta Therapeutics (Nasdaq: SRPT), Emerson (NYSE: EMR), Coeur Mining (NYSE: CDE), Dynatrace (NYSE: DT),  ACM Research (Nasdaq: ACMR), ACV Auctions (Nasdaq: ACVA), AerSale (Nasdaq: ASLE), Allogene (Nasdaq: ALLO), Amdocs (Nasdaq: DOX), Astec Industries (Nasdaq: ASTE), Aurora Cannabis (Nasdaq: ACB), Brinks (NYSE: BCO), Boot Barn Holdings (NYSE: BOOT), Central Garden (Nasdaq: CENT), Ceva (Nasdaq: CEVA), Charles River (NYSE: CRL), Clean Energy Fuels (Nasdaq: CLNE), Conduent (Nasdaq: CNDT), Digi International (Nasdaq: DGII), Dine Brands (NYSE: DIN), DigitalBridge (NYSE: DBRG), Dolby Labs (NYSE: DLB), Encore Capital (Nasdaq: ECPG), Envista (NYSE: NVST), Enovis Corp (NYSE: ENOV), Equinix (Nasdaq: EQIX), Extreme Networks (Nasdaq: EXTR), Fastly (NYSE: FSLY), Gogo (Nasdaq: GOGO), Griffon (NYSE: GFF), Guardant Health (Nasdaq: GH), Health Catalyst (Nasdaq: HCAT), Holley (NYSE: HLLY), Hudson Pacific Properties (NYSE: HPP), ICU Medical (Nasdaq: ICUI), International Money Express (Nasdaq: IMXI), International Seaways (NYSE: INSW), Intra-Cellular Therapies (Nasdaq: ITCI), JFrog (Nasdaq: FROG), Kennametal (NYSE: KMT), Klaviyo (NYSE: KVYO), Kratos Defense and Security (Nasdaq: KTOS), Kornit Digital (Nasdaq: KRNT), Kulicke & Soffa (Nasdaq: KLIC), Kymera Therapeutics (Nasdaq: KYMR), LiveRamp (NYSE: RAMP), Louisiana-Pacific (NYSE: LPX), Mannkind (Nasdaq: MNKD), McKesson (NYSE: MCK), Monster Beverage (Nasdaq: MNST), Nomad Foods (NYSE: NOMD), ODP Corp (Nasdaq: ODP), Oscar Health (NYSE: OSCR), Payoneer (Nasdaq: PAYO), Playtika (Nasdaq: PLTK), Reynolds Consumer Products (Nasdaq: REYN), Rockwell Automation (NYSE: ROK), RXO, Inc (NYSE: RXO), Sinclair Broadcast (Nasdaq: SBGI), SiTime (Nasdaq: SITM), SolarEdge Technologies (Nasdaq: SEDG), Sonos (Nasdaq: SONO), STAAR Surgical (Nasdaq: STAA), Suncor Energy (NYSE: SU), Taboola (Nasdaq: TBLA), Triumph Group (NYSE: TGI), Upwork (Nasdaq: UPWK), Valvoline (NYSE: VVV), Vertex (Nasdaq: VERX), Viasat (Nasdaq: VSAT), Vishay (NYSE: VSH), Wix.com (Nasdaq: WIX), Wolverine World Wide (NYSE: WWW), Zimmer Biomet (NYSE: ZBH).

Notable IPOs Today: EQV Ventures Acquisition Corp. (NYSE: EQV), RDE, Inc. Common Stock (Nasdaq: RSTN).

Notable Equity Crowdfunding Campaigns Ending Today: Drewish Deli (Honeycomb), Daps Breakfast & Imbibe (Honeycomb), Canyon Club Brewery (Honeycomb), Framework (Wefunder).

Notable Economic Events Today: Crude Oil Inventories (10:30 a.m. ET), Consumer Credit (3:00 p.m. ET).

Airbnb Sees "Slowing" U.S. Travel

Airbnb (Nasdaq: ABNB) reported earnings that were lower than expected on Tuesday, sending the stock down by 16.64% in after-hours trading.

Details: The company also posted a weaker outlook for the current quarter due to “some signs of slowing demand from U.S. guests.”

Final Thoughts: Airbnb’s stock is negative for the year.

Rivian Automotive Paints Cloudy Picture

Rivian Automotive (Nasdaq: RIVN) posted mixed financial earnings results on Tuesday and the stock fell 6.96% in after-hours trading.

Final Thoughts: Rivian is down 29% this year amid a decline in EV sales.

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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.