Closing Bell
Closing Bell: Believe the Bounce? 7/25/24
Jul 25, 2024
Market experts Liz Young Thomas, Joe Terranova, and Jack Manley discuss the sustainability of today's market rebound and OpenAI's impact on Google stock. They also explore market rotations, airline stock performance, tech trade strategies, and investment opportunities in equities and fixed income sectors.
40:08
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Quick takeaways
- Investors concerned over Honeywell's margins and AstraZeneca's drug performance impact stock prices.
- Healthcare sector's defensive nature benefits companies like AbbVie and Amgen amidst market fluctuations.
Deep dives
Honeywell Cuts Guidance, Shares Drop
Honeywell surprised investors with a guidance cut for 2024, leading to a 12% decline in the stock price over the last three years. The drop was attributed to weakness in its industrial automation business. Despite optimistic expectations due to its recent acquisitions, Honeywell's margins were down across segments, causing concern among investors.
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