The stock market closed higher on Monday as markets brushed off President Donald Trump’s latest tariff threats, which include new taxes on steel and aluminum imports. Trump’s planned tariff on these imports from all countries is additional 25%.
Overall, S&P 500 went up 0.7% to 6,066, while NASDAQ increased 1.0% to 19,714.
Tweet of the Day
Can't Wait! $TSLA https://t.co/N80m9MC5Ih
— David Sharek (@GrowthStockGuy) February 8, 2025
Chart of the Day
Here is the one-year chart of Blue Owl Capital (OWL) as of January 22, 2025, when the stock was at $25.
Blue Owl Capital is an alternative asset management firm that grows rapidly by making acquisitions to grow fees and revenue. It is delivering solid results.
Last quarter, profits increased 25% on a 32% gain in revenue as management fees increased 26%. That was the 14th consecutive quarter of increased management fee. The company managed to deliver 25% profit growth on 40% revenue growth.
OWL is part of our Growth Portfolio.
