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Today is Wednesday, July 24, 2024.

The Early Bird Index today is 75.35.

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PRESENTED BY CLICKPROFIT

Handsfree Passive Income

Did you know you can invest in e-commerce the same way people invest in real estate?

When people invest in multifamily real estate, the process usually consists of purchasing a property and then hiring a management company to deal with everything else.

You can do the same with e-commerce. 

Here are the benefits of partnering with a done-for-you e-commerce agency such as Click Profit:

• Higher profit margins: When you combine the buying power of hundreds of people, you can drive the cost per unit down. This results in higher margins.

• Access to better inventory: When you partner with a company that’s been around for a while, they have a massive list of manufacturers and suppliers.

• Cheaper Operations: When you partner with a company that owns the supply chain, you get higher margins because you can cut out the middleman tax.

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

Tesla's Profit Margin Plunges

Despite posting record revenue, Tesla (Nasdaq: TSLA) dropped 7.77% in after-hours trading after the electric vehicle giant posted mixed financial earnings results.

Financials: Tesla reported earnings of 52 cents per share in the past quarter, which was lower than expected. Revenue reached $25.5 billion, which was better than expected.

Powering the Story: Automotive sales dropped 7% as the company struggled to sell vehicles. Tesla lowered its prices to make its vehicles more affordable, but those price cuts resulted in a 45% decrease in Tesla’s profit margins.

Early Bird’s Nest Egg Gains: EVs remain too expensive for many consumers even with recent price reductions. According to Kelley Blue Book, the average new EV price is $55,353, while the average new car price is $47,401.

Final Thoughts: Tesla’s stock is now down in 2024.

Notables

Notable Earnings Today: Chipotle Mexican Grill (NYSE: CMG), Vertiv (NYSE: VRT), AT&T (NYSE: T), Ford Motor (NYSE: F), ServiceNow (NYSE: NOW), Lamb Weston (NYSE: LW), IBM (NYSE: IBM), NextEra Energy (NYSE: NEE), Waste Management (NYSE: WM), Thermo Fisher Scientific (NYSE: TMO), Newmont (NYSE: NEM), GE Vernova (NYSE: GEV), Celestica (NYSE: CLS), General Dynamics (NYSE: GD), Las Vegas Sands (NYSE: SANDS), Whirlpool (NYSE: WHR), Boston Scientific (NYSE: BSX), United Rentals (NYSE: URI), Wyndham Hotels & Resorts (NYSE: WH), NextEra Energy Partners (NYSE: NEP), Old Dominion Freight Line (Nasdaq: ODFL), Knight-Swift Transportation (NYSE: KNX), Tenet Healthcare (NYSE: THC), iking Therapeutics (Nasdaq: VKTX), Amphenol (NYSE: APH), Align Technology (Nasdaq: ALGN), Alkermes (Nasdaq: ALKS), Allegion (NYSE; ALLE), Century Communities (NYSE: CCS), Check Point Software (Nasdaq: CHKP), CME Group (Nasdaq: CME), Edwards Lifesciences (NYSE: EW), Evercore (NYSE: EVR), Fiserv (NYSE: FI), Flex (Nasdaq: FLEX), Fortive (NYSE: FTV), Group 1 Auto (NYSE: GPI), Healthcare Services Group (Nasdaq: HCSG), Impinj (Nasdaq: PI), Interpublic (NYSE: IPG), International Paper (NYSE: IP), KBR (NYSE: KBR), KLA Corp (Nasdaq: KLAC), MaxLinear (Nasdaq: MXL), Moelis (NYSE: MC), Lennox International (NYSE: LII), Navient (Nasdaq: NAVI), O'Reilly Automotive (Nasdaq: ORLY), Pacific Premier (Nasdaq: PPBI), Pathward Financial (Nasdaq: CASH), Popular (Nasdaq: BPOP), PROG Holdings (NYSE: PRG), Rogers Communications (NYSE: RCI), Roper (Nasdaq: ROP), QuantumScape (NYSE: QS), Republic Services (NYSE: RSG), Silicon Labs (Nasdaq: SLAB),Sallie Mae (Nasdaq: SLM), Taylor Morrison Home (NYSE: TMHC), TE Connectivity (NYSE: TEL), Teledyne Technologies (NYSE: TDY), Tower Semiconductor (Nasdaq: TSEM), Travel + Leisure (NYSE: TNL), United Community Banks (Nasdaq: UCBI), Wabash National (NYSE: WNC), Weatherford International (Nasdaq: WFRD).

Notable IPOs Today: BloomZ Inc. Ordinary Shares (Nasdaq: BLMZ), Nova Minerals Limited American Depositary Shares (Nasdaq: NVA).

Notable Equity Crowdfunding Campaigns Ending Today: DOMKA (Wefunder), Untruth (Wefunder), Ferguson Farms (Honeycomb), The Big Game (Wefunder), Blackbird Foods (StartEngine), Sauna Club (Honeycomb).

Notable Economic Events Today: Goods Trade Balance (8:30 a.m. ET), Building Permits (8:30 a.m. ET), S&P Global US Manufacturing PMI (9:45 a.m. ET), S&P Global Services PMI (9:45 a.m. ET), S&P Global Composite PMI (9:45 a.m. ET), New Home Sales (10:00 a.m. ET), Crude Oil Inventories (10:30 a.m. ET), Atlanta Fed GDPNow (12:00 p.m. ET).

Alphabet's YouTube Ad Revenue

Google parent Alphabet (Nasdaq: GOOGL) fell 2.19% in after-hours trading after investors saw some complications with the company’s otherwise healthy financial earnings results.

Financials: Alphabet reported earnings of $1.89 per share in the past quarter and revenue of $84.74 billion; both were better than expected.

Powering the Story: Revenue for YouTube increased to $8.66 billion, but that was slightly lower than expected.

Final Thoughts: Alphabet is up 31% this year despite challenges in the online ad market.

Texas Instruments Reports Solid Results

Texas Instruments (Nasdaq: TXN) reported overall good financial earnings results on Tuesday and the stock jumped by 3.01% in after-hours trading.

Final Thoughts: The stock is up over 17% this year.

Trends to Watch

First Day: Ether ETF Volumes Top $1B on Day One (CoinDesk)

No-Fly Zone: Delta is still melting down. It could last all week (CNN)

Slight Slowdown: Visa’s stock falls as volume growth slows, but exec says trends are stable (MarketWatch)

Weak Spring Selling Season: U.S. Home Prices Hit Record in June for Second Consecutive Month (Wall Street Journal)

Price Boom: XRP price hasn’t seen $1 since 2021 — but this could change in Q4 (Cointelegraph)

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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.}