What Happened?

A number of stocks fell in the afternoon session after a significant downward revision of U.S. job creation data raised concerns about the health of the economy. 

The Labor Department reported that employers added 911,000 fewer jobs from April 2024 through March 2025 than initially estimated. This revision brings the average monthly job gains during that period down significantly, suggesting a cooler labor market. The downgrades were widespread across various service sectors. The largest revisions were seen in leisure and hospitality, which added 176,000 fewer jobs than first reported, followed by professional and business services and retail. Such data is closely watched by investors and economists as it can influence the Federal Reserve's decisions on interest rates. 

JPMorgan Chase CEO Jamie Dimon warned that the U.S. economy is "weakening," though he stopped short of predicting a recession. "Whether it's on the way to recession or just weakening, I don't know," he said. Dimon's remarks are closely watched, given his influence as head of one of the nation's largest banks.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.

Among others, the following stocks were impacted:

• Specialized Consumer Services company Pool (NASDAQ: POOL) fell 4.3%. Is now the time to buy Pool? Access our full analysis report here, it’s free.
• Wireless, Cable and Satellite company Cable One (NYSE: CABO) fell 3.9%. Is now the time to buy Cable One? Access our full analysis report here, it’s free.
• Leisure Products company MasterCraft (NASDAQ: MCFT) fell 3.8%. Is now the time to buy MasterCraft? Access our full analysis report here, it’s free.

Zooming In On Pool (POOL)

Pool’s shares are not very volatile and have only had 9 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.

The biggest move we wrote about over the last year was 11 months ago when the stock gained 7.7% on the news that the company reported strong third-quarter earnings results, with revenue exceeding expectations. The top line was powered by strong demand for non-discretionary maintenance products, On the other hand, sales of pool construction and discretionary products were weaker. In addition, its EPS narrowly outperformed Wall Street's estimates. Overall, this quarter had some key positives.

Pool is down 3.4% since the beginning of the year, and at $321.50 per share, it is trading 17.6% below its 52-week high of $390.03 from November 2024. Investors who bought $1,000 worth of Pool’s shares 5 years ago would now be looking at an investment worth $1,063.

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