3 strong names with 'more room to run' in 2025

Well, we're officially at the midpoint of the year. And that milestone is a great opportunity to look back at calls investors and strategists made back in January. Joining me now, we've got Jonathan Boyer, who is the Boyer Research president. You joined us back in January, you had three picks from your forgotten 40 list. All names you predicted would outperform in the year ahead. And all three have outperformed the S&P 500 so far this year. They are down today, but of course, it's it's the longer term that we're looking at here. And so, as you're thinking through and taking an assessment of those names and how they have performed here, walk us into your thinking for the second half of the year. Are you leaning further into those names or rotating?

Uh, first, thank you for having me. And yes, so you know, the forgotten 40 is the 40 best ideas for the year ahead. Uber, Mark Hell and Atlanta Braves Holdings, they all had short-term uh and medium-term catalysts. They've all done nicely, but we still think there's more room to run in in each of them. Uh, you know, Uber is an extraordinarily interesting name and finally, you know, one of the things uh that I think is helping the stock is how muted of a response the robo taxi event Tesla had in in Austin was. Uh, investors are finally starting to realize that AI, I mean autonomous vehicles is uh a beneficiary, not a threat. And we think they'll continue to do so, although there could be fits and starts along the way as Elon Musk makes his announcements, which generally have not come to pass.

Well, to your to your point, yeah, yes, I agree on that last point. But as we think about the reaction, the stock price correlation to these events that Tesla holds, how big of either a weight or or maybe just a further proving point for what Uber has talked about, even since they've gone public, and that autonomous driving will bring down their operating cost per mile and thus that's something that they have to invest heavily in over the course of the next several years. Do you see us finally hitting an inflection point for Uber as consumers become more uh, you know, more familiar with these types of services that are going to offer them driverless vehicles and driverless rides?

Well, one of the things, well, two things that are interesting with that. One, if you look at the stock market reaction on Elon's announcements, they've gotten less dramatic over time. I I mean, I remember a year or so ago, uh the stock was down probably 15, 20% in a month over over these fears. Not now it's it's much less so. And in terms of the investing part of it, the beauty of owning Uber is it's really a capital light model. I mean, Waymo, uh Tesla, all the other ones are the ones investing a significant amount of capital. Uber is just going to be basically collecting a toll, which is a great business. We'd we'd much rather own that than the capital intensive heavier businesses.