The stock market jumped to near all-time highs as President Donald Trump plans to introduce reciprocal tariffs but delayed their implementation. According to his memorandum, the reciprocal tariffs aim to ensure fairness and balance across the international trading system.
Overall, S&P 500 rose 1.0% to 6,115, while NASDAQ increased 1.5% to 19,946.
Tweet of the Day
Great analysis on Vertiv $VRT https://t.co/57QWQixySr
— David Sharek (@GrowthStockGuy) February 13, 2025
Chart of the Day
Here is the one-year chart of Zscaler (ZS) as of January 6, 2025, when the stock was at $189.
Zscaler is still acting weak due to management predicting slow billings growth. After the company reported earnings two quarters ago, they predicted 13% billings growth in the next two quarters, then 22% growth the following two quarters. ZS stock fell on this news.
Last quarter, ZS reported sluggish 13% billings growth, but bookings growth of 30% was impressive as revenue jumped 26%. Management stated bookings growth was driven by increasing customer commitments to the company’s Zero Trust Exchange platform and growing interest in AI solutions.
ZS is part of our Growth Portfolio.
