Halftime Report Trading the Massive Market Day 10/30/25
Oct 30, 2025
In this discussion, Joe Terranova, a market commentator skilled in momentum and sector rotations, highlights a shift in tech performance as a return to normalcy. Stephanie Link, a savvy portfolio manager, defends Microsoft and Meta's earnings while addressing expense concerns. Jim Labenthal shares insights on Alphabet's search strength and debt issues impacting corporate decisions. The team also explores consumer trends affecting Chipotle and sets the stage for upcoming earnings from Apple and Amazon, revealing market dynamics beyond just big tech.
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Episode notes
Rotation Toward Market Breadth
- The recent pullback in mega-cap AI-adjacent names is a rotation toward normal market breadth.
- Joe Terranova says S&P equal-weight outperformance shows relief from concentration risk.
Buy Quality On Post‑Earnings Weakness
- Buy selective tech weakness when fundamentals still show monetization and growth.
- Stephanie Link said she added to Microsoft and Meta after their earnings sell-offs.
Microsoft's Forward Revenue Visibility
- Microsoft's large RPO and Azure growth indicate strong forward revenue visibility.
- Steph notes RPO up 51% and Azure expansion despite meeting a high whisper number.