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:

• Media company fuboTV (NYSE: FUBO) fell 3.7%. Is now the time to buy fuboTV? Access our full analysis report here, it’s free.
• Apparel and Accessories company ThredUp (NASDAQ: TDUP) fell 3.6%. Is now the time to buy ThredUp? Access our full analysis report here, it’s free.
• Footwear company Crocs (NASDAQ: CROX) fell 3.8%. Is now the time to buy Crocs? Access our full analysis report here, it’s free.
• Leisure Products company Latham (NASDAQ: SWIM) fell 3.1%. Is now the time to buy Latham? Access our full analysis report here, it’s free.
• Real Estate Services company Compass (NYSE: COMP) fell 3%. Is now the time to buy Compass? Access our full analysis report here, it’s free.

Zooming In On Crocs (CROX)

Crocs’s shares are quite volatile and have had 16 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was 11 days ago when the stock gained 0.3% on the news that the company announced the appointment of a new Chief Financial Officer and reaffirmed its third-quarter financial guidance. 

The footwear maker named Patraic Reagan as its new Executive Vice President and CFO, effective September 22, 2025. Reagan brings nearly 30 years of experience, having previously served as CFO at SharkNinja and holding various senior financial roles during a 14-year tenure at Nike. He succeeds Susan Healy, who will remain as an advisor until October 31, 2025, to ensure a smooth transition. Crucially for investors, Crocs explicitly reaffirmed its Q3 2025 outlook, signaling that the leadership change is not expected to disrupt business operations or financial performance.

Crocs is down 24% since the beginning of the year, and at $83.57 per share, it is trading 43.3% below its 52-week high of $147.40 from September 2024. Investors who bought $1,000 worth of Crocs’s shares 5 years ago would now be looking at an investment worth $2,107.

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