Welcome to Seeking Alpha's Wall Street Lunch. Our afternoon update on today's market action, news, and analysis.

Good afternoon. Today is Monday, February 5th, and I'm your host, Kim Khan. Our top story so far.

The Apple Vision Pro officially went on sale this weekend, and the early appeal from customers

is surprising, despite its prohibitive cost.

That's the opinion of Wedbush analyst Dan Eyes.

Ives says, while price points are clearly high at $3,500 with a limited audience outside of developers out of the gates.

We are surprised at the early mass market appeal Vision Pro's sparking with a jaw-dropping

600 apps and counting built for Vision Pro, well above expectations.

He's got an outperformed rating on the stock with a $250 price target.

Adding to the success is that customer intrigue shows a curiosity in the Vision Pro, not seen in many years, Ives added.

Apple could sell as many as 600,000 Vision Pro units this year, up from a previous estimate of $460,000, and sell 1 million in 2025.

However, he believes this is just the start, as the next version is likely to be priced below

$2,000 and look more like a pair of sunglasses.

We believe Apple Vision Pro is a potential game changer over the coming years and Cooper

Tino has found clear success with this next generation form factors of passing by a wide margin original street expectations.

In today's trading, stocks were holding steady after Fed Chief Jay Powell's 60 Minutes interview

where he echoed his patients on rate cuts, but they took a tumble when the latest services

inflation data arrived.

The major averages are down a little less than 1%,

while Treasury yields are adding to their gains from early morning, the two-year

yield, most closely tied to the Fed Funds rate, is back close to 4.5%. The January ISM Services Index rose

to 53.4 from 50.5 in December, easily topping the 52.1 consensus.

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