Breakfast News: Crisis, What Crisis?
March 10, 2025
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Friday's Markets |
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| S&P 500 5,770 (+0.55%) |
| Nasdaq 18,196 (+0.7%) |
| Dow 42,802 (+0.52%) |
| Bitcoin $86,920 (-2.84%) |
Source: Image created by JesterAI.
1. Buy The Dip?
Stock futures fell over the weekend after the S&P 500 dropped 3.1% last week, its worst since September. The Nasdaq lost 3.5% having dipped into correction territory Thursday, down more than 10% from December's peak, before picking up a little on Friday.
- Unemployment reaches 4.1%: Friday's jobs report fueled economic fears, showing February unemployment up from 4%. The economy added 151,000 nonfarm-payroll jobs in the month, less than the expected 160,000. And January's gains were revised down from 143,000 to 125,000.
- "Chaos creates opportunities": Dan Ives at Wedbush doesn't think the tech bull market is over. We've had 11 Nasdaq corrections since 2010, and 10 of those were followed by an average gain in the next 12 months of 21%.
2. Bucking the Trend
Apple (AAPL 0.04%) stock avoided the wider Nasdaq sell-off, gaining 5% in the past month. The past week was an eventful one, including talk of delays and new products.
- "There's something in the air": CEO Tim Cook posted a teaser hinting at a new product launch "this week." He didn't expand on what it might be, but speculation suggests new MacBook Air models using the company's latest M4 chip.
- "It's going to take us longer than we thought": Spokesperson Jacqueline Roy confirmed a delay for the next release of Siri, at the forefront of Apple's AI first-mover drive, which should include AI-powered personalization.
3. Popular Stock Earnings
Asana (ASAN +3.22%) posts fourth-quarter earnings after today's closing bell. The project management software company beat Q3 revenue estimates with non-GAAP loss per share better than expected. Management projects further growth in Q4 with $723 million to $725 million full-year revenue. Watch for AI expansion news.
- Up 47% in five years: Adobe (ADBE +2.53%) reports Wednesday after beating Q4 revenue and earnings estimates. Revenue guidance for the 2025 fiscal first quarter, of $5.63 billion to $5.68 billion, fell short of Wall Street's consensus. We should look for management's growth plans in the face of AI-based competition.
- 7% revenue growth forecast: Docusign (DOCU +3.61%) posts a Q4 update Thursday. AI progress helped the company beat its own Q3 guidance on revenue and earnings, as management touted integrations with top tech giants including Microsoft (MSFT +1.69%). Expect quarterly billings of $875 million at the midpoint of guidance.
4. Other Reports to Watch This Week
Vail Resorts (MTN 0.84%) will report Q2 after market close today. Q1 revenue beat estimates, and the reported loss per share was less than feared. Look for commentary on forecast EBITDA, previously put at between $838 million and $894 million.
- A 67% gain since 2024 IPO: Travel company Viking Holdings (VIK 2.23%) reports Q4 Tuesday morning, after seeing an 11.4% year-over-year revenue rise in Q3. Operating capacity for the 2025 season is up 12%.
- Beating the retail blues: A Q4 update from Dick's Sporting Goods (DKS 1.82%) is also due before Tuesday's market open. Look for updates on full-year comparable sales growth guidance, previously put at between 3.6% and 4.2%.
5. Next Up: Inflation in Focus
The February consumer price index (CPI) print is due Wednesday and is expected to drop to 2.9% year over year from January's 3%. Core CPI, excluding volatile food and energy, is predicted to stay at 3%. Producer price index (PPI) figures follow Thursday, after January showed 3.5% year over year with core PPI at 3.4%.
- "I hate to predict things like that": President Trump declined to rule out the possibility of recession in an interview at Fox News on Sunday, adding "you may get it," when asked if tariffs could raise inflation.
- "We do not need to be in a hurry and are well-positioned to wait for greater clarity": The Federal Reserve's next rate decision is on March 19, though Chair Jerome Powell said Friday that more cuts are probably not coming soon, pushing back on post-jobs report expectations.
6. Foolish Fun
If you could go back and give your younger self one piece of investing advice, what would it be and why? Discuss with friends and family, or become a member to hear what your fellow Fools are saying.
