Stock Market Summary – July 24, 2025

Tesla saw a significant missed opportunity in terms of financial gains as it sold 75% of its bitcoin holdings in mid-2022 at a fraction of its current price. Presently, Tesla’s digital assets are valued at $1.24 billion, significantly higher compared to $722 million a year ago. However, the value could have been considerably larger if Tesla had maintained its bitcoin holdings. The company’s stock plunged by 8% due to weak second-quarter performance and is currently down about 25% for the year.

Honeywell, on the other hand, saw an unwarranted drop in shares despite solid second quarter results, presenting a buying opportunity for investors. The multinational conglomerate surpassed Wall Street estimates for revenue, organic sales growth, and adjusted EPS in Q2, and further raised its full-year outlook for these metrics. Despite disappointing segment margins due to increased research and development costs, Honeywell’s shares are recommended for purchase.

Industrial turnaround company, Dover, saw their shares decline despite surpassing second quarter results and enhancing its full-year outlook. The market is perceived to be misjudging this performance. The company showed a record adjusted segment EBITDA margin and solid growth and productivity investments for supporting long-term growth.

Major movers in the stock market included Union Pacific, whose shares fell by nearly 3%, while competitor CSX’s shares increased by less than 1% due to ongoing talks about a potential union with Norfolk Southern Co. IBM shares fell by 7% on disappointing software business revenue. Among the gainers, American Eagle Outfitters’ shares surged by 4% on the launch of a new ad campaign. Other major movers included, GoPro, Opendoor Technologies, UnitedHealth Group, Albemarle, West Pharmaceutical, Bloom Energy, Dow Inc., and Alphabet, which saw a 1% rise on stronger-than-anticipated earnings.

In terms of future stocks to watch, analyst believe stocks with high short interest and name-brand recognition, which have been popular on the Wall Street Bets Reddit page, are more likely to surge in the current market. One such example includes popular camera manufacturer, GoPro, which saw a 12% rise in shares.

Stocks were largely higher with the S&P 500 and Nasdaq hitting new all-time highs, led by gains in Alphabet due to an earnings beat. Honeywell shares fell despite beats on top and bottom lines and raised guidance, while Dover also took a hit following solid earnings; both are viewed as buy opportunities by analysts. Semiconductor stocks Broadcom and Nvidia were both higher following Alphabet’s raised outlook on capital expenditure.

Nvidia responded to reports of AI chip smuggling, stating that it does not support unauthorized products. Unauthorized data centers built with smuggled chips were deemed a “losing proposition” technically and economically. At least $1 billion worth of Nvidia’s artificial intelligence chips are reported to have illegally entered China amid President Donald Trump’s restrictions on shipments to the country.

Cboe Global Markets (CBOE) was listed as one of the best financial businesses, with its stock moving in a tightly wound, neat little uptrend all summer long. The stock has greatly outperformed the S&P 500 since its inception 15 years ago, returning a cumulative 854% compared to 647% total return for the S&P 500.

Commerce Secretary Howard Lutnick declared TikTok will be turned off for Americans unless China agrees to give the U.S. more control over the application. Since 2024, the app has faced uncertainty in the U.S. after Congress passed a bill banning it unless ByteDance, its Chinese owner, divested from it.

Versant, a spinoff from Comcast expected to be completed by year-end, announced its board of directors. It will be the parent company of NBCUniversal’s cable networks, including CNBC. The prospective board members hail from industries such as media, technology, and finance.