Halftime Report Tech Earnings Drive the Rally 7/31/25
Jul 31, 2025
Josh Brown, CEO of Ritholtz Wealth Management, offers expert insights on market trends, while Bill Baruch, President of Blue Line Futures, navigates commodities and futures. Malcolm Etheridge shares specific stock evaluations and investment trends, and Jenny Harrington highlights portfolio management strategies. They discuss the record tech earnings driving market highs, contrast the success of companies like Meta and Microsoft against traditional industries, and analyze the implications of Apple’s earnings as well as the excitement surrounding Figma's IPO.
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Traditional Stocks Lag Amid AI Rally
- Traditional bellwether stocks like UPS, Nike, and Starbucks show poor performance, signaling weakness in the consumer economy.
- Investors ignore this as AI-driven tech stocks continue to rally and dominate the market.
Apple Lags AI and Suffers Tariffs
- Apple faces tariff impacts and lags in AI spending compared to peers like Microsoft.
- Investors will watch Apple's guidance for tariffs and AI strategy keenly during earnings calls.
Apple: Stability Over AI Growth
- Apple’s steady but low earnings growth and conservative CapEx spending reflect a no-growth but stable business model.
- This makes the stock less risky despite lack of AI-driven momentum compared to competitors.