Halftime Report Stocks Extend Record Highs 7/24/25
Jul 24, 2025
Investment experts Josh Brown and Jim Lebenthal dive into the stock market's record highs, spotlighting Alphabet's ambitious AI spending and its impacts on competition. They analyze Google's stock amidst legal challenges and discuss the broader tech landscape's health, touching on heavyweights like Microsoft and Tesla. The duo shares strategic insights on air travel stocks, particularly American Airlines, and highlights resilient players like Otis Worldwide. Portfolio moves are also covered, showcasing tactical trades in a volatile market.
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Alphabet’s Competitive Diversity
- Alphabet remains competitively strong despite AI challenges to search dominance.
- Their diverse businesses like cloud and YouTube reduce reliance on search revenue.
AI Boosts Internal Productivity First
- Large AI investments improve employee productivity before monetization.
- Alphabet uses AI internally first, aligning with industry trends in revenue-per-employee gains.
Street Rewards AI Investment Surge
- AI spending levels signal a technological revolution Wall Street believes in.
- Investors reward aggressive AI capex plans despite unclear short-term ROI.