The stock market closed mixed on Thursday as investors weighed latest earnings by Alphabet (GOOGL) and Tesla (TSLA). The former beat earnings expectations and recorded 14% revenue growth. Meanwhile, Tesla missed earnings expectations.
Overall, S&P 500 grew 0.1% 6,363, while NASDAQ increased 0.2% to 21,058.
Tweet of the Day
This is Bearish https://t.co/usfDdfZVHP
— David Sharek (@GrowthStockGuy) July 24, 2025
Chart of the Day
Here is the one-year chart of Sterling Infrastructure (STRL) as of June 16, 2025, when the stock was at $210.
Sterling Construction is an old-school construction company that has newfound profits in constructing datacenters. The company is known for highway construction and pouring concrete foundations. Then, around a decade ago, it got into making distribution centers and data centers.
In 2023, the stock started to rise in a big way, and went from $30 to $200 by the end of 2024. Then in early 2025, fears of an AI spending slowdown sent the shares back below $100. However, AI spending remained strong, and the shares have since roared back to $250 a share.
Last quarter, the company delivered 28% profit growth on just 7% revenue growth as profit margins expanded. E-Infrastructure Solutions segment led segment growth last quarter, as revenue grew 18% year-over-year driven by large data center projects. Data centers now make up over 65% of the segment’s backlog.
STRL is on the radar of our Growth Portfolio.
