Josh Brown's Top Stock Picks: Joby Aviation & Fastenal Analysis

Joby Aviation: A Speculative Air Taxi Play

• 🚀 Joby Aviation is a highly speculative company in the electric vertical takeoff and landing (eVTOL) space, described as a cross between a helicopter and a plane for short trips.
• 💡 The company recently doubled its air taxi production capacity in California and made a major announcement in Ohio.
• ✈️ Joby delivered its first production aircraft to Dubai and is running an EV toll trial there, with the next major catalyst being the final FAA certification phase in the US.
• 📈 Despite a significant rally (over 100% since June 17th), Josh Brown remains long on the position, advising viewers to keep it on their radar for learning purposes.

Fastenal: "Amazon for Construction"

• 🛠️ Fastenal is highlighted for its impressive long-term chart performance, with buyers consistently stepping in on dips.
• 💻 The company has effectively "Amazoned" the construction business with its Fastenal Managed Inventory (FMI) digital tech platform, which automates reordering and delivers needed supplies directly to job sites.
• 📊 FMI technology accounted for 44% of total sales last quarter, demonstrating its significant impact on the business.
• 📈 While not a high-growth tech company, Fastenal is exceptionally well-managed, with expanding margins that have helped it outperform.
• ⚠️ For risk management, Josh Brown suggests using the long-term moving average (around $36-$38) as a trailing weekly indicator; if the stock remains above it, the trend is likely to continue.
• ✅ Bill Ackman confirmed that his firm owns Fastenal and has not trimmed their position, noting its expanding margins as a key outperformer.