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Today is Wednesday, February 19, 2025.

The Early Bird Index today is 83.96

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Toll Brothers "Affordability" Pain

Amid a struggling homebuilding industry, Toll Brothers (NYSE: TOL) fell 5.77% in after-hours trading on Tuesday after reporting disappointing financial earnings results.

Financials: Toll Brothers reported earnings of $1.75 per share and revenue of $1.84 billion in the past quarter; both were lower than expected.

Quote: “Affordability constraints and growing inventories in certain markets are pressuring sales – especially at the lower end.” - CEO Douglas C. Yearley.

Early Bird’s Nest Egg Gains: Higher interest rates, rising construction costs, and labor shortages are hurting homebuilders. These factors are also pushing up new home prices, making homes less affordable for buyers.

Final Thoughts: The stock was down 2% in 2025 before these results.

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Notables

Notable Earnings Today: Klaviyo (NYSE: KVYO), Etsy (Nasdaq: ETSY), Carvana (NYSE: CVNA), SolarEdge Technologies (Nasdaq: SEDG), Wingstop (Nasdaq: WING), Toast (NYSE: TOST), Garmin (NYSE: GRMN), Wix.com (Nasdaq: WIX), Cheesecake Factory (Nasdaq: CAKE), Fiverr (NYSE: FVRR), Herbalife Nutrition (NYSE: HLF), NerdWallet (Nasdaq: NRDS), Churchill Downs (Nasdaq: CHDN), IMAX (NYSE: IMAX), Vimeo (Nasdaq: VMEO), Travel + Leisure (NYSE: TNL), Enovix (Nasdaq: ENVX), BioMarin Pharmaceutical (Nasdaq: BMRN), Analog Devices (Nasdaq: ADI), Clarivate (NYSE: CLVT), Global-E Online (Nasdaq: GLBE), Exact Sciences (Nasdaq: EXAS), Wolverine World Wide (NYSE: WWW), Coeur Mining (NYSE: CDE), Bausch Health (NYSE: BHC), Krystal Biotech (Nasdaq: KRYS), ACV Auctions (Nasdaq: ACVA), Amplitude (Nasdaq: AMPL), Appian (Nasdaq: APPN), Bausch + Lomb (NYSE: BLCO), Cinemark (NYSE: CNK), Clean Harbors (NYSE: CLH), Clearwater Analytics (NYSE: CWAN), Enlight Renewable Energy (Nasdaq: ENLT), Gentherm (Nasdaq: THRM), Grand Canyon Education (Nasdaq: LOPE), Hudbay Minerals (NYSE: HBM), Ionis Pharmaceuticals (Nasdaq: IONS), Jones Lang LaSalle (NYSE: JLL), Louisiana-Pacific (NYSE: LPX), Materion (NYSE: MTRN), McGrath RentCorp (Nasdaq: MGRC), OGE Energy (NYSE: OGE), OneSpaWorld (Nasdaq: OSW), OPENLANE (NYSE: KAR), Park Hotels & Resorts (NYSE: PK), Parsons (NYSE: PSN), PRA Group (Nasdaq: PRAA), ProPetro (NYSE: PUMP), Remitly Global  (Nasdaq: RELY), Sabra Health Care REIT (Nasdaq: SBRA), Stepan (NYSE: SCL), Trimble (Nasdaq: TRMB), Trupanion (Nasdaq: TRUP), Vital Energy (NYSE: VTLE).

Notable IPOs Today: Anbio Biotechnology (Nasdaq: NNNN).

Notable Equity Crowdfunding Campaigns Ending Today: Chareau (StartEngine), Freebird Rides (StartEngine), WeatherFlow-Tempest (StartEngine).

Notable Economic Events Today: Building Permits (8:30 a.m. ET), Housing Starts (8:30 a.m. ET), FOMC Meeting Minutes (2:00 p.m. ET), API Weekly Crude Oil Stock (4:30 p.m. ET).

Bumble's Outlook Disappoints 

The dating app Bumble (Nasdaq: BMBL) plunged 17.65% in after-hours trading on Tuesday after posting its financial results.

Financials: Bumble reported revenue of $261.6 million in the last quarter, which was better than expected. However, the company expects revenue in the current quarter to be between $242 million and $248 million, which is lower than anticipated.

Final Thoughts: This is bad news for Bumble, especially since the company's stock has fallen 39% in the last year.

Arista Falls After Earnings

Despite posting good financial earnings results on Tuesday, the computer networking company Arista Networks (NYSE: ANET) fell 4.56% in after-hours trading.

Financials: Arista reported earnings of 65 cents per share and revenue of $1.93 billion in the past quarter; both were better than expected.

Final Thoughts: Tuesday’s stock price decline is likely due to profit-taking from investors. Arista is up 71% in the last 12 months.

Trends to Watch

Bitcoin Bullish: Bitcoin Slumps Below $94K, but One Analyst Says $500K Forecast Remains in Play (CoinDesk)

Bit of ETF News: SEC acknowledges spot XRP ETF filing from Bitwise (The Block)

This Will Hurt: Trump signals 25 percent tariffs coming on cars, semiconductors and pharmaceuticals (The Hill)

Activist Investor: Pershing Square proposes $900 million deal to increase Howard Hughes stake (Reuters)

Lube Business: BP Weighs Sale of Castrol Lubricants Unit Amid Elliott Push (Bloomberg)

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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.}