Markets News, February 7, 2025: Stocks Slide After Jobs, Consumer Sentiment Reports; Major Indexes Post Weekly Losses

Traders work on the floor of the New York Stock Exchange

Michael Nagle / Bloomberg / Getty Images

Major U.S. stock indexes slid on Friday as investors digested closely watched monthly employment numbers and a sharp drop in consumer sentiꦚment.

The S&P 500 and 澳洲幸运5官方开奖结果体彩网:Dow Jones Industrial Average both declined 1%, while the 澳洲幸运5官方开奖结果体彩网:Nasdaq Composite fell 1.4%. The major indexes all gave up ground this wee﷽k, with the Dow ꦇand Nasdaq each falling 0.5% and the S&P 500 down 0.2%.

The employment numbers from the Labor Department released Friday morning showed that 澳洲幸运5官方开奖结果体彩网:employers added fewer jobs in January than economists had expected, while the unemployment rate unexpectedly declined to 4.0%. The monthly jobs repo🐻rt is one of the more important indicators followed by the Federal Reserve in its decision-making on interest rates, which makes it a critical data point for investors.

Stocks were margi💫nally higher after the jobs data, but another report suggesting consumer sentiment has declined sharply this month caused the major indexes to nosedive into negative territory.

The yield on 10-year Treasurys, which is sensitive to market expectations about the out꧃look for the economy and interest rates, was at 4.5%, up from 4.44% before the release of the jobs data but well below the rates around 4.60% earlier in the week.

Amazon (AMZN) fell 4% after issuing 澳洲幸运5官方开奖结果体彩网:a disappointing sales outlook that offset better-than-expected fourth-quarter earnings. Other major tech stocks were mostly lower; Alphabet (GOOGL), Tesla (TSLA), and Broadcom (AVGO) each slid about 3%, while Apple (AAPL) and Microsoft (MSFT) dipped 2% and 1%, respectively. Nvidia (NVDA) and Meta Platforms (META) bucked the trend and ticked higher.

Shares of several companies were making massive moves this morning following the release of quarterly results. On the upside, Pinterest (PINS), Affirm Holdings (AFRM), Doximity (DOCS), Expedia (EXPE), Cloudflare (NET), and Take-Two Interactive (TTWO) all jumped more than 10%. Bill Holdings (BILL) and e.l.f. Beauty (ELF) plunged 35% and 20%, respectively.

Bitcoin slumped below $96,000 after briefly crossing $100,000 early in the day. Gold futures surged to a record above $2,910 before retreating to around $2,🍌890, and WTI crude oil fu✨tures were 0.5% higher.

Top S&P 500 Movers on Friday

February 07, 2025 04:53 PM EST

Decliners:

  • Ulta Beauty (ULTA) shares dropped 6.7% after fellow cosmetics and skin care provider e.l.f. Beauty (ELF) reported 澳洲幸运5官方开奖结果体彩网:lower-than-expec🐲ted quarterly profits and reduced its full-year guidance. E.L.F. shares tumbled 19.6%, and the CEO of the California-based company pointed to negative impacts in January from the Los Angeles wildfires and the uncertain outlook for TikTok.
  • Higher-than-expected wage growth in the January jobs report and worsening consumer sentiment on inflation contributed to an 澳洲幸运5官方开奖结果体彩网:uptick in Treasury yields, and concerns about higher mortgage rates pressured homebuilder stocks. D.R. Horton (DHI) shares fell 5.0%, while shares of other residential construction companies also lost ground. Speculation about the impact of possible tariffs, especially on lumber imported from Canada, has also weighed on the industry.
  • Although solar technology company Enphase Energy (ENPH) beat quarterly sales and profit estimates in results released Tuesday, several research firms trimmed their price targets on the stock following the report. Bank of America analysts said an uncertain outlook for overall demand contributed to their scaled-back expectations. Enphase shares lost 4.5% on Friday.

Advancers:

  • Expedia Group (EXPE) shares jetted 17.3% higher after a 澳洲幸运5官方开奖结果体彩网:jump in holiday bookings helped the online travel platform beat fourth-quarter sales and profit estimates. Gross bookings and nights booked also came in ahead of consensus forecasts, and Expedia reinstated its quarterly dividend, which it suspended during the COVID-19 pandemic in 2020.
  • Take-Two Interactive Software (TTWO) reported a narrower-than-expected quarterly loss, and shares of the video game maker surged 14.0%. The company cited strength from its "NBA 2K" title and affirmed plans for a fall 2025 launch of "Grand Theft Auto VI." JPMorgan analysts praised Take-Two's resilient performance despite industry challenges, and the company forecasted record net bookings levels in fiscal 2026 and 2027.
  • Monolithic Power Systems (MPWR) topped quarterly sales and profit forecasts, and its shares gained 9.0%. The power management chipmaker highlighted strong sales growth in its enterprise data and automotive businesses, driven by demand for artificial intelligence (AI) and advanced driver assistance systems. Monolithic's sales forecast for the current quarter also exceeded estimates, and KeyBanc analysts lifted their price target on the stock.
  • Billionaire investor Bill Ackman said his fund Pershing Square Capital Management has accumulated a stake worth over $2 billion in Uber Technologies (UBER), and shares of the ridesharing giant added 6.6%. Friday's gains marked a bounce back from losses earlier in the week after Uber issued guidance for underwhelming gross bookings for the current quarter.

-澳洲幸运5官方开奖结果体彩网:Michael Bromberg

Supermicro Stock Extends Gains Ahead of Tuesday's Earnings

February 07, 2025 03:47 PM EST

Super Micro Computer (SMCI) shares surged Friday, extending gains ahead of the company's 澳洲幸运5官方开奖结果体彩网:second-quarter update expected after markets close Tuesday.

Shares of the server maker and Nvidia (NVDA) partner were up more than 5% to $35.74 late in the session Friday, makiꦕng it one of the best-performing stocks in the S&P 500. With Friday's gains, the stock is up about 31% since the update was announced Monday, raising hopes the firm will be able to submit its delayed filings and preserve its public listing.

Supermicro also said Wednesday it is ramping to “full production availability” of its artificial intelligence data center solutions platform, which is “accelerated by the NVIDIA Blackwell platform.

Still, Supermicro shares have lost more than half their value over the past 12 months amid concerns about the company's accounting practices and delinquent regulatory disclosures. The server maker now has until Feb. 25 to submit its delayed annual report from its fiscal year ended last June, or it could face delisting by the Nasdaq.

Supermicro formed an independent special committee, which said in December that its 澳洲幸运5官方开奖结果体彩网:probe of the company, "did not raise any substantial con🦩cerns about the integrity of Supermicro's senior management.”

-澳洲幸运5官方开奖结果体彩网:Andrew Kessel

Doximity Stock Soars as AI Boosts Results

February 07, 2025 02:57 PM EST

Shares of Doximity (DOCS) skyrocketed on Friday, a day after the telehealth software provider posted better-than-anticipated results and guidance as it added customers, boosted through the use of 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI).

The company posted fiscal 2025 third-quarter adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $0.45, while analysts surveyed by Visible Alpha exp📖ected $0.34. Revenue increased almost 25% year-over-y🔯ear to $168.6 million, also above forecasts.

Co-founder and CEO Jeff Tangney said Doximity had "another quarter of record engagement in Q3, with over 610,000 unique providers using our clinical workflow tools." Tangney added that the company's AI offerings "grew the fastest last quarter, up 60% over the prior quarter, while our newsfeed surpassed more than one million unique providers."

Doximity sees full-year adjusted EBITDA between $306.6 million and $307.6 million, with revenue of $564.6 million and $565.6 mill♔ion. 𝓀The Visible Alpha estimates were for $282.5 million and $497.5 million, respectively.

DOCS

TradingView

Doximity shares surged 35% in recent trading to $79.07, their highest le🅷vel since September 2021. Their value has nearly tripled in the last year.

-澳洲幸运5官方开奖结果体彩网:Bill McColl

Watch These Cloudflare Price Levels as Stock ♚Sur🌳ges After Earnings

February 07, 2025 02:03 PM EST

Cloudflare (NET) shares soared about🐽 20ಞ% on Friday after its fourth-quarter earnings topped analyst expectations.

The company, which provides services to secure websites and 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) applications, said that it added a record number of large customers in the quarter and anticipa𝔉tes demand this year wilജl accelerate growth.

Cloudflare shares carved out an 11-month 澳洲幸运5官方开奖结果体彩网:cup and handle before breaking out above the pattern’s top trendline late last month, signaling a 澳洲幸运5官方开奖结果体彩网:continuation of the stock’s longer-term uptrend.

Source: TradingView.com.

Investors can forecast upside price targets in the stock by using the 澳洲幸运5官方开奖结果体彩网:measuring principle, a technique that analyzes 澳洲幸运5官方开奖结果体彩网:chart patterns to project future price movements.

When applying the technique to forecast a points-based target, we calculate the distance of the cup and handle's cup in points and add that amouꦦnt to the pattern's top trendline. For instance, we add $54 to $116, which projects a target at $170, 20% above Thursday’s close.

To project a percentage-based target using the measuring principle, we calculat𓂃e the percentage change of the cup and handle’s “cup” and add it to the pattern’s top trendline value. For example, 🦄we apply an 87.1% increase to $116, which forecasts an upside target of $217.04, about 53% above yesterday’s closing price.

During profit-taking periods, investors should initially watch the $140 level, a level on the chart where the shares may encounter support near the upper range of this week’s consolidation 澳洲幸运5官方开奖结果体彩网:price action.

Finally, selling below this level could see a retest of the key $116 level, This area would likely attract buying interest near the 50-day MA and cup and handle’s top trendline, which may flip from a region of prior 澳洲幸运5官方开奖结果体彩网:resistance into future support.

-澳洲幸运5官方开奖结果体彩网:Timothy Smith

E.l.f Beauty Stock Plummets on Lowered Guidance After Weak Janua♍ry Sales

February 07, 2025 12:58 PM EST

E.l.f. Beauty (ELF) shares sank 20% Frꦉiday, a day after the cosmetics retailer lowered its outlook for its fiscal full year following soft sales in J🃏anuary.

The retailer said it now expects full-year sales of between $1.3 billion and $1.31 billion, below the 澳洲幸运5官方开奖结果体彩网:$1.315 bi🧔llion to $1.335 billion it had forecast earlier, and undershooting consensus estimates compiled by Visible Alpha of $1.34 billion.

“Given softer than expected trends in January, we are taking a prudent approach and lowering our outlook for the final quarter of our fiscal year,” said 澳洲幸运5官方开奖结果体彩网:Chief Financial Officer Mandy Fields, adding that the new outlook for f𓂃iscal 2025 reflected a 27%-28% gain in net sales year-o𒁏ver-year, versus a 28-30% rise before.

The rꦿeduced guidance comes as the company, known for it𓆉s vegan cosmetics, reported third-quarter earnings that undershot estimates by a wide margin.

The company posted third-quarter adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of 74 cents, missing projꦍections by 2 cents, as per Visible Alpha. Revenue of $355.3 million, up 31% year-over-year, was above analysts' estimates, however.

Shares in e.l.f. Beauty have lost more than half their value in the past year.

-澳洲幸运5官方开奖结果体彩网:Nisha Gopalan

Expedia Stock Hits All-Timཧe High on Soaring🔴 Bookings

February 07, 2025 11:51 AM EST

Expedia Group (EXPE) shares traded at an all-time high Friday🅰, a day after the travel website reported better-than-expected results and reinstated its dividend on strong bookings during the holiday quarter.

The company's fourth-quarter gross bookings rose nearly 13% to $24.4 billion, and nights booked totaled 86.4 million. Analysts surveyed by Visible Alpha were looking for $23.2 billion and 84.2 million, respectively.

Expedia posted adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS)&♔nbsp;of $2.39 and revenue up 10% to $3.18 billion. Those were also above forecasts.

CEO Ariane Gorin said the performance reflected Expedia's "continued strong execution and better-than-expected travel demand."

The company also reinstated and raised its quarterly dividend, which it had suspended in the second quarter of 2020 because of concerns about the impact of the COVID-19 outbreak on travel demand. Gorin explained that move "reflects our confidence in our long-term outlook and commitment to shareholder returns."

EXPE

TradingView

Shares of Expedia Group were up more than 18% midday Friday to lead 澳洲幸运5官方开奖结果体彩网:S&P 500 gainers. The stock has ꦓrisen 32% in the past year.

-澳洲幸运5官方开奖结果体彩网:Bill McColl

Pinterest Stock Soars on Higher-than-Expect Revenuౠe, Record Monthly Users

February 07, 2025 10:38 AM EST

Pinterest (PINS) shares jumped Friday morning aft💦er the social media service reported record monthly active users anꦐd fourth-quarter revenue that topped estimates.

The company reported revenue that surpassed $1 billion for the first time at $1.15 billion, up 18% year-over-year and narrowly beating consensus estimates compiled by Visible Alpha. It was also higher than the Q4 revenue of 澳洲幸运5官方开奖结果体彩网:$1.125 billion to $1.145 billion the company had projected last quarter. Adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $0.56 missed expectations of $0.65.

Pinterest had a recor༒🐟d 553 million global monthly active users in Q4, up 11%.

"Our strategy is paying off," Pinterest CEO Bill Ready said. "People are coming to Pinterest more often, the platform has never been more actionable, and our lower funnel focus is driving results for users and advertisers."

Pinterest, which has 澳洲幸运5官方开奖结果体彩网:rolled out 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) tools for advertisers, said it expects first-quarter revenue between $837 m💛illi♚on and $852 million, with the midpoint of the range below Visible Alpha consensus. 

Citi analysts reiterated their "buy" call on the stock Friday, saying that the results have given them "greater conviction that Pinterest is in the earlier days of its transition to an always-on, performance platform."

Pinterest stock chart (Feb. 7, 2025)

Pi🍬nterest shares rose 18% Friday, but have s⛎till lost about 3% of their value in the past year.

-澳洲幸运5官方开奖结果体彩网:Nisha Gopalan

Major Indexes on Track for Weekly Gains

February 07, 2025 09:43 AM EST

Heading into Friday's session, the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite were on pace to post gains for the week.

The Dow was up 0.5% for the week through yesterday's close, while the S&P 500 and Nasdaq had added 0.7% and 0.8%, respectively.

DJIA vs S&P 500 vs Nasdaq Composite so far this week

TradingView

The Dow and S&P 500 entered trading Friday just 0.6% away from all-time closing highs, while the Nasdaq was 1.9% below its record close.

Amazon Levels to Watch as Stock Slides on Tepid Outlook

February 07, 2025 09:04 AM EST

Amazon (AMZN) shares lost ground in premarket trading Friday after the tech giant reported 澳洲幸运5官方开奖结果体彩网:cloud computing revenue below expectations and issued a 澳洲幸运5官方开奖结果体彩网:tepid outlook for the current quarter.

Amazon shares have trended higher in a 澳洲幸运5官方开奖结果体彩网:rising wedge since July last year, with the price finding support multiple times near the pattern’s lower trendline and 澳洲幸运5官方开奖结果体彩网:50-day moving average (MA).

During recent trading sessions, the stock has traded towards the wedge’s upper trendline but was unable to stage a decisive breakout ahead of the company’s quarterly results.

Source: TradingView.com.

Moreover, as the shares set a record high earlier this week, the 澳洲幸运5官方开奖结果体彩网:relative strength index (RSI) failed to also register a new high, creating a bearish 澳洲幸运5官方开奖结果体彩网:divergence  between the price and indicator, a technical signal pointing to waning buying momentum. 📖Indeed, Friday’s projected lower open sets t🎶he stage for a possible retest of the rising wedge pattern’s lower trendline.

Important support levels sit on Amazon's chart around $230, $216, and $200. If the stock resumes its longer-term uptrend, investors should monitor a measured move price target at $290.

Read the full 澳洲幸运5官方开奖结果体彩网:technical analysis piece here.

-澳洲幸运5官方开奖结果体彩网:Timothy Smith

Major Stock Index Futures Little-Changed Before Jobs Report

February 07, 2025 08:11 AM EST

Dow Jones Industrial Av💧erage futures were up less than 0.1%.

DJIA futures - Feb. 7, 2025

TradingView

S&P 500 futures were down less than 0.1%.

S&P 500 futures - Feb. 7, 2025

TradingView

Nasdaq 100 futures were also down fractionally.

Nasdaq 100 futures - Feb. 7, 2025

TradingView

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