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Today is Thursday, July 17, 2025.

The Early Bird Index today is 90.16

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United Airlines' Newark Trouble

United Airlines $UAL ( ▲ 2.42% ) posted mixed financial earnings results on Wednesday, sending the stock down 2.00% in after-hours trading.

Financials: United Airlines reported earnings of $3.87 per share in the past quarter, which was better than expected. But the reported revenue of $15.2 billion was lower than expected.

Details: Premium cabin revenue jumped 5.6%, but overall domestic revenue dropped 7%.

Powering the Story: The numerous delays and cancellations at Newark Liberty International Airport in the spring caused operational constraints during the quarter.

Early Bird’s Nest Egg Gains: Newark is essential to United’s revenue because it functions as a high-volume gateway to critical domestic and international markets, anchors the airline’s East Coast operations, and supports the majority of its premium and business travel revenue out of the New York metropolitan area.

Final Thoughts: Shares of United Airlines are down more than 7% this year.

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Notables

Notable Earnings Today: Netflix (Nasdaq: NFLX), PepsiCo (Nasdaq: PEP), Interactive Brokers (Nasdaq: IBKR), Abbott Labs (NYSE: ABT), GE Aerospace (NYSE: GE), Elevance Health (NYSE: ELV), Novartis (NYSE: NVS), Cintas (Nasdaq: CTAS), U.S. Bancorp (NYSE: USB), Bank OZK (Nasdaq: OZK), Citizens Financial Group (NYSE: CFG), Insteel Industries (NYSE: IIIN), ManpowerGroup (NYSE: MAN), Marsh McLennan (NYSE: MMC), OFG Bancorp (NYSE: OFG), Snap-On (NYSE: SNA), Texas Capital (Nasdaq: TCBI), F.N.B. (NYSE: FNB), Simmons First National (Nasdaq: SFNC), Travelers (NYSE: TRV), Western Alliance Bancorp (NYSE: WAL), Webster Financial (NYSE: WBS), Fifth Third (Nasdaq: FITB), Cohen & Steers (NYSE: CNS), Metropolitan Bank (NYSE: MCB), Wipro (NYSE: WIT).

Notable IPOs Today: Pyrophyte Acquisition Corp. II (NYSE: PAII).

Notable Equity Crowdfunding Campaigns Ending Today: Nordic Cottage (Honeycomb), Red Bird Produce (Honeycomb), Shelter Distilling (StartEngine), Lotta's Laundry (SMBX), Slutty Vegan (SMBX).

Notable Economic Events Today: Jobless Claims (8:30 a.m. ET), Retail Sales / Core Retail Sales (8:30 a.m. ET), Philadelphia Fed Manufacturing Index (8:30 a.m. ET), Retail Control (8:30 a.m. ET), Philly Fed Employment (8:30 a.m. ET), Export Price Index / Import Price Index (8:30 a.m. ET), Business Inventories (10:00 a.m. ET), Retail Inventories Excluding Auto (10:00 a.m. ET), TIC Net Long-Term Transactions (4:00 p.m. ET).

Alcoa Squeaks by Tariff Costs

Despite big challenges in the past quarter, aluminum producer Alcoa $AA ( ▲ 0.25% ) posted mixed financial earnings results on Wednesday. Shares ticked up 0.43% in after-hours trading.

Financials: Alcoa reported earnings of 39 cents per share in the past quarter, which were in-line. The revenue of $3 billion was better than expected.

Powering the Story: The company incurred $115 million in tariff costs on imports of aluminum to the United States from Canada during the quarter. Alcoa redirected some aluminum to mitigate costs.

Final Thoughts: Alcoa’s stock is down 24% in this tariff-ridden year.

Sarepta Therapeutics’ Restructuring Deal

Sarepta Therapeutics $SRPT ( ▲ 0.93% ) surged 33.90% in after-hours trading on Wednesday after announcing a restructuring plan that includes putting a black box warning on certain drugs and laying off 36% of its workforce.

Final Thoughts: Despite the surge, the stock is still down over 70% this year.

Trends to Watch

A 6-Month High: ETH Surges 10% to Year-to-Date Gain as Bitcoin Retakes $120K (CoinDesk)

Fed Crisis: What happens if Trump fires Fed Chair Powell: ‘This would be a mess,’ analysts warn (CNBC)

Make Coke Mexican Again: Trump says he made a deal with Coca-Cola. It'd turn all Coke into Mexican Coke. (Business Insider)

The State of Inflation: Latest US inflation report shows a pullback in travel spending and an increase in the cost of goods (CNN)

Happy Altseason: Dogecoin Rises as Pump.fun Token, Official Trump and Melania Meme Coins Jump (Decrypt)

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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.}