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Josh Brown's Best Stocks in the Market: Fastenal
CNBC Television • 2025-07-17 • 3:50 minutes • YouTube
📝 Transcript (129 entries):
halftime. Take a look at Jobi. Josh look at this chart right here. Up big this week. Up more than 40%. You recently got into this name your take on the upside move. Shares up about 5% today.
>> Okay. So 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 I would have bet the ranch. 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 EV tolls. Basically. These are electric 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 ten years. This is the
leading company in the space. Just delivered their first production aircraft to Dubai. They're running an EV, an EV trial in in Dubai, where I guess the government is allowing them to do more than they can do here. So in the United States, the last thing they have to clear, 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% a month, but keep it on your radar. It's worth learning what they're working on.
>> Evtols also called EVs. Call them both. >> Whatever you want, Frank, as long as the stocks go up. >> All right, let's move on to Josh's best stocks in the market. What are you highlighting today?
>> We rode up Fastenal for the CNBC Pro subscribers I like that. Yeah this stock is this stock looks incredible. When you look at a long term chart of this it's just up and to the right. The buyers come in pretty pretty much on on every dip. And the trend line has been pristine dating back to early 2023.
Basically what they've done is they've amazoned 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. It's not a tech company doesn't grow revenue at 40% a year or anything like that, but it's incredibly well managed. So we did a write up.
If you're a pro subscriber, highly recommend reading what Sean and I had to say and what I'm saying about the stock. Technically, I think if you want to like follow it on a trailing weekly basis every Friday, take a look at the long term moving average, which we peg at like 36 to 38. Use that as your risk management that breaks below there. Something may have fundamentally changed, but so long as it can remain above, I think can continue to ride the stock. So this is on the best stocks in the market list and I wish I owned it. It's been an incredible performer.
>> Very quick take before we go. >> Yeah we own it. And one thing I'll add is the market has expected margins to drop. And they've continued to expand. And that's really helped this company outperform. It is t