The latest edition of Josh Brown's best stocks in the market list has a new entrance. It is uh TJX companies. This is not a big area of the market for me.I don't really talk about retail very often. This is an incredible uh long-term chart, an incredible long-term performer. I know Stephanie has been in this name uh for a long time uh and and has been telling us about this company for years and years and years.Um but I'll make this very simple. You do have consumer trade down right now. They are looking for ...

Investment Thesis on Chipotle (CMG) - Chipotle's same-store sales challenges are viewed as industry-wide, with potential resolution through growth drivers like new products and technology [2] - The company anticipates a strong June ending with improved traffic trends, a decent pricing strategy, and high single-digit percentage unit growth [3] - Despite a 29% year-to-date decrease, there's conviction in Chipotle's long-term growth due to a return to traffic growth, best-in-breed margins, and a reasonable valuation [3][5][16] - Chipotle holds only 3% market share in a $400 billion industry, suggesting significant growth potential [6] - The stock is considered a relative value, especially given its washed-out state and lack of discussion [18] Industrial Sector Insights - Industrial electrification is experiencing rapid growth [8] - Rockwell's core earnings increased by 51 cents, with margins expanding over 200 basis points [9] - Eaton saw 55% order growth in its electrical business, particularly in data centers, indicating strong visibility [9] Uber (UBER) Investment - Uber's stock experienced good earnings but bad price action, leading to increased investment [26] - The company reported all-time highs in frequencies, profitability, and customer count, with a $20 billion buyback program [26][27] - Despite solid results, the stock was down due to unmet expectations regarding the expansion of the Waymo partnership [28] Market Sentiment and Valuation - The consumer sentiment in April and May was challenging, impacting the restaurant industry [13] - Chipotle's valuation is around 30 times forward earnings, compared to a historical average of 40 times [3][21] - The current market favors AI stocks, making it harder for companies with decent but not exceptional valuations to attract investor dollars [19]

Market Trend & Investment Opportunity - President Trump is expected to sign an executive order allowing private and crypto assets into 401(k)s, potentially opening an $8 trillion market to private equity [1][7] - Private equity firms could gain access to a significant portion of the 401(k) market, potentially reaching 5%, or $400 billion [7] Risk Assessment & Concerns - Investing in private markets is significantly more complex than investing in public stock mutual funds, with increased risks related to liquidity and opacity [2][3] - Retail investors may not fully understand the illiquidity of private market assets, which are long-tailed and cannot be easily sold [9][10] - Diversification benefits in private markets may be limited during economic downturns, as private asset valuations may lag behind public market declines [11][12] - There are concerns about high and potentially hidden fees associated with private equity funds in 401(k)s, which could significantly exceed those of traditional index funds (100 basis points vs 3 basis points) [8][13] - The suitability of illiquid private investments for older investors and the challenges of inheriting such assets are questioned, especially regarding access to liquidity when needed [14][15] Alternative Investment Options - Individual investors already have access to alternative investments through platforms connecting asset managers to the RAIA community, albeit typically for larger allocations (e g, $500 thousand) [5] - Investors can gain exposure to private capital and credit through publicly traded vehicles like BDCs (Business Development Companies) such as ARIES and Six Street Lending [6][7] Investor Choice & Considerations - While offering investment choice is generally positive, the complexity and risks of private markets raise concerns about whether individual investors are adequately equipped to make informed decisions [2][4] - The potential for outperforming the S&P 500 through private equity investments in 401(k)s is questioned, with emphasis on the need for diversification and careful allocation (e g, 5%-10% max exposure) [8][9]

Bring in show music, please. >> Hi, I'm CNBC producer Katie Kramer. Today on Squawk Pod, a tale of two American economies.Is it slowing down. President of the Minneapolis Federal Reserve Neil Kashkari thinks maybe and the Fed might have to cut interest rates soon. >> What are the ultimate effects of tariffs going to be on inflation.And what I'm realizing is we may not know the answer to that for quarters or a year or more. But Disney's CFO Hugh Johnston sees another picture. Are Americans spending on fun.>> ...

President Trump's tariffs remain an uncertainty for various sectors. Here's how one industry is handling them. People are generally using old, uncomfortable, lowquality camping gear.So, our first product is a portable chair uh that we developed over multiple years. So, we've been growing really rapidly the past 2 or 3 years, almost doubling the the business every year. Our plans had been to double the business again this year.About a year ago, we started moving out of China and into Cambodia. Uh there was a ...

Back. Joby Aviation more than doubling this year but shares falling this morning after reporting a wider thanex expected loss. For more on the quarter, let's get to our Phil Leau alongside the CEO of Joby.Morning Phil. Good morning Carl and Joe Ben. Thank you for joining us from Job's facilities out in California today.Uh I want to start with the the main question I think all investors in Joby have right now. Will you get to certification final certification from the FAA this year or is it more realistic fo ...

back. Eli Lily be beating estimates and raising guidance for its latest quarter, but the stock tumbling to its lowest level since January 2024 after trial data for its obesity pill came in below Wall Street's expectations. Eli Liy CEO David Ricks was on Squapbox earlier today to discuss the results.Take a listen. The goal was to create an oral pill that was convenient and could be made at huge scale um really for for the mass market and had weight loss that was competitive with other single acting GLP1s and ...

For more on these inflation headlines and what they might mean for markets, let's bring in PNC asset management chief investment strategist Young Ma who joins us here at Post 9. Great to see you. Welcome.Um you do think the market gets supported if if and when we get a rate cut maybe this year. Yes, I think so. I think that's important point of the market support right now is the expectation the Fed's going to cut rates at this point multiple times is what the market's expecting. That's one of the most impo ...

Inflation Expectations - The New York Fed's inflation expectations rose for the one-year term to 3.1% [1] - The five-year inflation expectation, which the Fed is most concerned about, increased by three ticks to 2.9% [2] - Expectations for gas prices, medical care, college, and rent all declined [2] Unemployment Expectations - Unemployment expectations dropped 2.3 percentage points, reaching the lowest reading since January 2025 [2] - There is less concern about job loss, but paradoxically more concern about finding a job [3] Interest Rate Expectations - A rate cut for September is almost fully priced in [3] - October is also priced in, and December has been the swing factor with a 51% probability [3][4] Fed Chair Candidate - Chris Waller is considered a front runner to become Fed chair [4] - Waller has presented the most convincing economic monetary policy argument for a rate cut [5] - Many Fed watchers, investors, and fixed income folks would be happy with Chris Waller [5] - Waller has shown flexibility to disagree with the chair and agree with the president on the issue of rate cuts [6]

Shares of Eli Liy are now down over 14 plus%. That is uh well more than where uh the stock opened this morning. This follows what is being seen as disappointing data for its upcoming pill to treat obesity.Let's get to Angelica Peebles for more. Angelica, this is uh this is getting pretty serious in terms of a market cap loss now. Yeah, David, quite a big reaction today and that's because of the data like you talked about.So, let's get into the numbers. people lost about 12% of their body weight after a litt ...