Morning Commentary
By Charles Payne, CEO & Principal Analyst
2/7/2025 9:41 AM
The NASDAQ Composite led the way yesterday, but the S&P 500 mirrored the move and finished higher.
Eight of the eleven sectors finished higher, as Utilities (XLU) and Energy (XLE) continue to beat a hasty retreat.
Intriguing Action
Technology (XLK) and Communication Services (XLC) being higher on the same day has become an aberration lately, but it happened yesterday.
Consumer Discretionary (XLY) names look solid, especially in big box stores.
And banks are on the move again after digesting big post-earnings gains.
Market breadth was encouraging, but it's still about mega-cap growth. The bigger, the stronger.
Eclectic Leaderboard
Tapestry (TPR) led the way a day after rival Capri Holdings (CPRI) was dragged, and Uber (UBER) experienced a significant rebound.
We are reminded that money can be made and preserved in old-school names that might have been in grandma’s portfolio. New records for Philip Morris (PM) and Hilton (HLT) show why wealthy families can stay wealthy for several generations.
Although many founders or their offspring decide to cash in rather than roll the dice with the younger generations.
Earnings Parade
Massive rallies in several reports after the close:
- Expedia Group (EXPE)
- Pinterest (PINS)
- Take-Two Interactive Software (TTWO)
- Affirm Holdings (AFRM)
Investing Lesson
After the market close, Bill Holdings (BILL) posted second-quarter financials. The CEO praised the company for delivering " strong financial results and innovating at a rapid pace.” – Rene Lacerte
The stock was dismantled, down more than 29% in after-hours trading.
The sin?
Guidance for the current quarter missed the consensus by $5.0 million or 1.5%.
Today’s Session
The jobs’ number came at 143k, missing consensus of 175k and well below last month’s gain of 307k (which were revised from +256k).
Education & health services, and retail trade were the top gainers in January.
Notably, jobs numbers continue to be revised over the last 12 months.
The likelihood the Fed will lower rates at the March meeting fell to 8% from 15% after the jobs report.
| Tweet |
Log In To Add Your Comment
| 5/1/2026 1:24 PM | Mega-Cap Strength Sets The Tone |
| 5/1/2026 9:24 AM | Closing Out April |
| 4/30/2026 1:26 PM | Earnings Season Heats Up |
| 4/30/2026 9:35 AM | Focus on Future Beyond Speedbumps |
| 4/29/2026 1:22 PM | Fednesday & MegaCap Earnings Bonanza |
| 4/29/2026 9:38 AM | POWELL'S LAST HURRAH |
| 4/28/2026 12:54 PM | Market Takes a Breather |
| 4/28/2026 9:35 AM | SMALL-CAP THE “BETTER” RALLY? |
| 4/27/2026 1:27 PM | Busy Week is Getting Started |
| 4/27/2026 9:38 AM | THE Al STORY SHIFTS GEARS & LIFTS THE MARKET |
| 4/24/2026 12:59 PM | Compelling Close to the Week |
| 4/24/2026 10:05 AM | A “GOOD” PAUSE |
| 4/23/2026 1:19 PM | Thursday Roundup |
| 4/23/2026 9:16 AM | SERIOUS PONDERING FOR BAILING ON SOFTWARE |
| 4/22/2026 1:29 PM | Feeling Relief |
| 4/22/2026 10:01 AM | THE ECONOMY IS ON THE MOVE |
| 4/21/2026 1:37 PM | Tuesday Takeaways |
| 4/21/2026 9:45 AM | THE AI ECONOMY IS HERE |
| 4/20/2026 1:14 PM | Mixed Monday |
| 4/20/2026 9:43 AM | MONSTER RECOVERY - WHAT’S NEXT? |
| 4/17/2026 1:27 PM | A Week To Remember |
| 4/17/2026 9:37 AM | THE SUN IS BACK AND GREED IS BACK |
| 4/16/2026 1:10 PM | Coiled Spring Hits New Records |
| 4/16/2026 9:41 AM | Market Defies the Haters |
| 4/15/2026 1:36 PM | Mega Caps Move Higher |
| More commentary archives | |
|
Home |
Products & Services |
Education |
In The Media |
Help |
About Us |
Disclaimer | Privacy Policy | Terms of Use | All Rights Reserved.
|