Latest news with #JoshBrown
Yahoo
a day ago
- Business
- Yahoo
Josh Brown Highlights His New Best Industrial Stock Pick in 2025
Fastenal Co (NASDAQ:FAST) is one of the . Josh Brown, CEO of Ritholtz Wealth Management, recently highlighted Fastenal Co (NASDAQ:FAST) as one of his best stock picks in the market. Here is how Brown explained his thesis about the stock: 'When you look at a long-term chart of this, it's just up and to the right. The buyers come in pretty much on every dip, and the trend line has been pristine dating back to early 2023. Basically, what they've done is they've Amazon-ed the construction business. They have something called Fastenal Managed Inventory. It's a digital tech platform so that you don't even have to reorder the things that you're running out of as an industrial company building things. Fastenal already knows, and they will deliver what you need right to the site. And this has been incredible for the business.44% of total sales last quarter, which they announced on Monday, came in as a result of this FMI technology—this platform that I'm talking about. The important thing to understand here is it's an industrial company. It's not a tech company, doesn't grow revenue at 40% a year or anything like that, but it's incredibly well-managed.' Photo by Ruben Sukatendel on Unsplash While we acknowledge the potential of FAST as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Josh Brown Pitches ‘Very Exciting' Speculative Stock – ‘Keep It On Your Radar'
Joby Aviation Inc (NYSE:JOBY) is one of the . Josh Brown, CEO of Ritholtz Wealth Management, recently talked about how impressed he is with the electric vehicle takeoff and landing aircraft company Joby Aviation Inc (NYSE:JOBY) stock performance. Brown recommends that people keep the stock on their radar. 'I brought the stock to the show on June 17th and I took an initial position and I said this is highly speculative. It's really not the kind of thing that I do a lot of. Unfortunately, I didn't buy that much of it. It's up 104% since then. Did not expect that. If I did, I would have bet the rich. So, let's just be very clear. This thing took off way faster than I had a chance to accumulate. But I just want to give people an update as to what's going on and why. They just doubled their air taxi production capacity in the state of California and made a major announcement in Ohio. These are eVTOL. Basically, these are electric vehicle, electric vertical takeoff and landing. So they are—think of it like a cross between a helicopter and a plane for very short trips. They just want to lift you up off the ground, bring you to your destination, drop you off. There will be a lot of uses for these over the next 10 years. This is the leading company in the space. Just delivered their first production aircraft to Dubai.' Photo by Austin Distel on Unsplash Brown believes Joby Aviation Inc (NYSE:JOBY) progress in the US could be its next catalyst: 'They're running an eVTOL trial in Dubai where I guess the government's allowing them to do more than they could do here. So in the United States, the last thing they have to clear is the final FAA certification phase. That's the next catalyst. I don't know how much the stock rally is already pricing that in, but I'm going to remain long with my position. Very exciting company. Highly speculative. Not telling people to buy it up 100% in a month, but keep it on your radar. It's worth learning what they're working on.' While we acknowledge the potential of JOBY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
CNBC
2 days ago
- Business
- CNBC
Josh Brown's "Best Stocks in the Market:" Utilities
Josh Brown, CEO of Ritholtz Wealth Management, joins CNBC's "Halftime Report" to detail some names joining his "Best Stocks in the Market."
Yahoo
2 days ago
- Business
- Yahoo
Josh Brown on Pfizer (PFE): ‘I Was Dead Wrong, There's No Turnaround'
Pfizer Inc (NYSE:PFE) is one of the . Josh Brown, CEO of Ritholtz Wealth Management, explained in a recent program on CNBC why he's bearish on Pfizer. Brown said he was 'dead wrong' in hoping to see a turnaround at the pharma giant. 'Do you know how hard it is to find a stock as bad as Pfizer Inc (NYSE:PFE) like in the last couple of years? I managed the impossible. I haven't really lost a lot of money here. I think my initial purchase was like 28. But it's a loss nonetheless. But the way I think about these types of things, it's a loss relative to the overall market having gone up so much, which makes it even worse. And I stuck to my guns on this for no reason. I'm not really a value investor. I just felt the stock was so hated and down so much that it was a relatively low-risk entry and at some point they'd find a way to turn it around. I was right about the low-risk entry part, but I was dead wrong. There is no turnaround. Maybe it'll happen starting today now that I'm no longer in the stock.' Photo by Kaleidico on Unsplash While we acknowledge the potential of PFE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Josh Brown Gives Followers ‘Permission' to Sell NVIDIA (NVDA) Shares – Here's Why
NVIDIA Corp (NASDAQ:NVDA is one of the . Josh Brown, CEO of Ritholtz Wealth Management, recently said during a program on CNBC that he is giving 'permission' to his followers to sell NVIDIA Corp (NASDAQ:NVDA) shares and take some profits amid the stock's strong performance. However, the analyst said he is not selling Nvidia shares. 'I'm not selling. I'm giving people permission. Let me give you the context. On the China front, let's just do this quickly. Bernstein reiterated Nvidia, $185 target. And what they said was that for every 10 billion dollars in recovered revenue in China, meaning business we didn't think they could do up until a few days ago, that could add 25 cents to Nvidia's earnings per share. So they say that could be like 40–50 cents in 2026 if they capture back 15 to 20 billion worth of China revenue. Great news. Happy to hear that as a long. Be that as it may, put that aside. We'll assume Bernstein has it roughly right.' Brown said over the past few years, he's seen 'mostly ups' holding NVIDIA Corp (NASDAQ:NVDA) shares 'People walk up to me on the street. They come to me at stores, airports, you name it. The question that I'm getting the most over the last month or so is not, 'Do you still like Nvidia?' It's, 'Should I sell some Nvidia?' And I totally get it. Look at what the stock has just done. It's really remarkable.' Photo by Vishnu Mohanan on Unsplash With its latest numbers and stock performance, Nvidia was able to prove the skeptics wrong. In its recently reported quarter, Nvidia's data center computer revenue rose 76% year over year, driven by Blackwell GB200. The company is finding new catalysts for growth. Saudi Arabia's Humain plans to buy more than 200,000 AI GPUs from Nvidia, potentially generating $15 billion in sales. The UAE reportedly has an agreement for up to 500,000 GPUs. Even without China's involvement for now, Nvidia said nearly 100 AI factories are under construction. These factories have hyperscalers deploying 1,000 GB200 NVL72 racks weekly, each with 72,000 Blackwell GPUs. Patient Capital Opportunity Equity Strategy stated the following regarding NVIDIA Corporation (NASDAQ:NVDA) in its second quarter 2025 investor letter: 'NVIDIA Corporation (NASDAQ:NVDA) recovered strongly in the second quarter, climbing back from earlier declines to end the quarter at an all-time high. As the undisputed leader in Graphics Processing Units (GPUs), Nvidia continues to benefit from surging demand for AI training and inference. Despite concerns over competition from TPUs and rivals like AMD, Nvidia remains in the lead. The company is rapidly releasing next-gen products, with the Blackwell line-up, its fastest architecture yet, hitting the market just 2 years after its predecessor. Moreover, Nvidia is aggressively expanding into adjacent areas including robotics, edge AI, AI cloud leasing, and AI software putting them in direct competition with some of their biggest customers. CEO Jensen Huang describes Nvidia as a 'full-stack, accelerated computing platform', reflecting its blend of cutting-edge hardware, software (CUDA), and AI infrastructure. With leading-edge tech, a shortening innovation cycle, and robust cash flow, we believe Nvidia is well positioned to ride the accelerating wave of AI adoption.' While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
