Josh Brown Reveals Top Stock Picks, Including Uber and Coupang
Brown's investment strategies are centered around companies with strong growth potential, and his recommendations for Uber and Coupang are based on their innovative approaches to the ride-hailing and e-commerce industries. With a focus on autonomous driving and logistics, these companies are poised for significant growth in the coming years, making them attractive investment opportunities for those looking to diversify their portfolios.
/A%20concept%20image%20of%20a%20self-driving%20car%20image%20by%20Gorodenkoff%20via%20Shutterstock.jpg)
Josh Brown, CEO of Ritholtz Wealth Management, has disclosed his largest personal stock position as Uber, citing high conviction in the autonomous driving boom and its potential to benefit from partnerships with companies like Tesla and Waymo.
Brown believes that the rollout of Uber and Waymo's partnership in Atlanta will be a significant catalyst for the stock, which has already rallied over 52% this year. He plans to hold onto the stock, despite it being undervalued at around $92 per share, and sees it eventually reaching $100 or more. The autonomous driving technology is expected to eliminate the most costly part of the ride-hailing experience: human drivers, making Uber a promising investment opportunity.
In addition to Uber, Josh Brown has also highlighted Coupang (CPNG) as a top stock in the market, comparing it to Amazon (AMZN) and MercadoLibre (MELI). CPNG, a South Korean e-commerce company, has regained investor attention after four years in exile, with its stock price up 28% year-to-date. The company's business model, similar to Amazon's, involves e-commerce, streaming video, food delivery, fashion, and payments, with a strong focus on logistics and delivery infrastructure.
Coupang's earnings growth has been impressive, with a 480 basis point expansion in gross margins and 190 basis point expansion in EBITDA margins over the past two years. The company's operating margin has nearly doubled, and its expected EPS growth for 2025 and 2026 is 290% and 127%, respectively. Despite its rally, CPNG is still in a 40% drawdown from its 2021 peak, and Josh Brown recommends it as an investment rather than a trade, with a mental stop at $25 and a potential next leg higher.
As a prominent figure in the financial industry, Josh Brown's stock picks and investment strategies are closely watched by investors and traders. His confidence in Uber and Coupang reflects his in-depth analysis of the companies' potential for growth and their position in the market. Investors looking to make informed decisions can benefit from Brown's insights and expertise in the financial sector.