Halftime Report How to Trade Around the Hot Jobs Report 2/11/26
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Feb 11, 2026 Jenny Harrington, portfolio manager focused on valuation and stock selection, and Kerry Firestone, portfolio manager with sector and credit expertise, discuss trading around a hot jobs report. They debate market volatility, rotation from momentum to earnings, and tactical portfolio moves like selling JetBlue and buying Apollo. Short, tactical market takes and timely portfolio adjustments drive the conversation.
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Rebuy On Renewed Momentum Signals
- Use momentum screens and recent pattern matches to time reentries in large-cap names.
- Joe Terranova bought Apple after seeing momentum build and a favorable rebalance ranking.
Selective Opportunities In Software
- Software multiples have compressed, creating selective attractive entry points for resilient franchises.
- Joe argues Cadence is undervalued given its role in chip design and growing market share.
Buy Oversold Private Credit Exposure
- Buy private credit managers beaten down by overblown software-loan fears when fundamentals remain strong.
- Kerry Firestone bought Apollo, citing conservative exposure and mid-teens earnings growth expectations.