In short
Rule Breaker Investing “Market Cap Game Show,” where host David Gardner challenges guest stars Andy Cross (Motley Fool Chief Investing Officer) and Yasser El-Shimi (Motley Fool investment analyst) to guess real market-cap ranges for specific stocks; listeners score by agreeing/disagreeing.
Guests (backgrounds)
- Andy Cross: Chief Investing Officer at The Motley Fool; works on Stock Advisor; 2024 Market Cap Game Show world champion.
- Yasser El-Shimi: Investment analyst covering small/mid caps and international markets; investment coordinator/acting advisor for Motley Fool’s Global Partners; likes gardening, squash, soccer, and studying Italian.
Key claims
- Market cap = price × shares outstanding; price alone is not enough.
- Progressive’s usage-based telematics (via plug-in/phone) prices insurance more precisely.
- Marriott and other hotel brands have held up despite Airbnb concerns.
- Alphabet’s market cap is around the $3T level; the show notes a possible ticker change idea.
Notable examples (stocks played)
NXPI (NXP Semiconductors) actual ~$55.32B; LKQ ~$8.15B; TXRH ~$10.87B; PGR ~$142.88B; GOOG ~$3.037T; ASR ~$9.36B; MAR ~$72.07B; CME ~$94.41B.
Written by AI. May contain mistakes. Listen to the episode to check what was said.
Chapters
Tap a time to open that second in VOMeet the Contestants
1:30 to 4:09
David introduces the contestants and explains the game rules.
“It's the Rule Breaker Investing Podcast with Motley Fool co-founder David Gardner.”
First Stock: NXP Semiconductors
4:09 to 7:18
Discussion on NXP Semiconductors and its market cap.
“And Andy, of course, works on our stock advisor service backstage and with my brother Tom Gardner on his everlasting services like Hidden Gems.”
Second Stock: LKQ Corporation
7:18 to 10:36
Yasser discusses LKQ Corporation and its market cap estimation.
“Yasser, do you also tap to pay these days?”
Stock Performance Discussion: LKQ
14:01 to 15:16
Analysis of the stock LKQ's performance and market cap context.
“The market cap for LKQ, not far off,$8.15 billion.”
Steak Preferences and Market Caps
15:17 to 16:46
Casual conversation about steak preferences transitioning to stock discussions.
“And I love the idea of recycling more parts to keep vehicles on the road so we don't need to keep manufacturing new stuff all the time.”
Estimating Texas Roadhouse's Market Cap
16:53 to 18:08
Players guess the market cap for Texas Roadhouse, revealing surprises.
“Andy, have you ever been to a Texas Roadhouse?”
Cuisine Preferences and Restaurant Experiences
18:09 to 19:52
Discussion about favorite cuisines and dining experiences.
“It does hit the 11-figure number,$10.87 billion, but not quite at Andy's,$16 to$23 billion range.”
Market Cap Guessing Game: Progressive Corporation
19:53 to 23:06
Participants guess the market cap for Progressive Corporation, exploring its business model.
“Players at home, we all hope you have three.”
Insurance Ads and Market Recognition
23:07 to 27:21
Discussion about insurance company marketing and recognizable ads.
“the actual market cap will get that plus one.”
Corporate Name Changes and Branding Challenges
27:22 to 28:01
Discussion on the challenges of changing a company's name and branding.
“Some of our players at home are counting four right now, so you're losing to some of our experts at home.”
Show all 26 chapters
The Name Change Debate
28:01 to 29:52
Discussion on whether The Motley Fool should change its name.
“Do you think we should change our name of The Motley Fool?”
Market Cap Throwdown: Alphabet
29:53 to 32:42
Contestants guess the market cap of Alphabet and discuss recent headlines.
“You know, I randomized which ones, and it just came up four and five this time.”
Halftime Entertainment and Reflections
32:43 to 33:57
First half wrap-up and entertaining jokes from contestants.
“The first half of the market cap game show is over.”
Halftime Entertainment and Reflections
36:14 to 37:20
First half wrap-up and entertaining jokes from contestants.
“homes have toxic chemicals in their tap water?”
Market Cap Game Continues
37:50 to 42:01
The game resumes with the next market cap challenge focused on airport operator Grupo Aeroportuario del Sureste.
“Again, some listeners at home have a score of zero, I'm sorry to say, but others might have a score as high as five.”
Teleportation and Travel Experiences
42:01 to 43:00
Exploration of the challenges and fears related to travel and teleportation.
“And then you were reconfigured and you've teleported successfully dot, dot, dot to Cancun.”
Understanding Hotel Chains
43:00 to 44:28
Discussion on how hotel chains create first impressions and their strategies.
“Did you know that big hotel chains engineer the first 10 seconds of your stay?”
Market Cap of Marriott International
44:28 to 47:22
Examining Marriott's market cap and its historical performance.
“Kind of a local company here in Washington, D.C.”
Industry Impact of Airbnb on Hotels
47:22 to 48:26
Discussion on how Airbnb has affected traditional hotel companies.
“Now, it's not been a market crusher, but this is not in an industry where you'd necessarily crush the market with a stock like this one.”
Financial Market Cities
48:26 to 50:30
Exploration of major financial cities around the world and their significance.
“And not teleporting there, at least not anytime soon.”
CME Group's Market Cap and Trading
50:30 to 52:45
Analyzing CME Group's market cap and discussing trading practices.
“Yasir Elshimi, what is your stated market cap range for this company?”
Constellation Energy and Solar Power
52:45 to 56:00
Discussion on Constellation Energy and the speaker's personal experience with solar energy.
“But this company operates a market that is international.”
Discussion on Solar Energy Installations
56:00 to 57:11
The hosts discuss personal experiences with solar energy installations and their benefits.
“I mean, Yasser's busy with his Molly Fool job, Andy.”
Market Cap Game: Constellation Energy
57:11 to 1:02:01
Players guess the market cap of Constellation Energy, revealing insights about the company's performance.
“Constellation Energy's market cap is$101.64 billion, solidly within his$95 to$120 billion range.”
Market Cap Game: CarGurus
1:02:01 to 1:05:19
The hosts engage in the market cap guessing game for CarGurus, discussing the online auto marketplace.
“Now, in advance, Yasser, you're going to need this one.”
Game Show Wrap-Up and Reflections
1:05:19 to 1:07:21
The hosts reflect on the game show and share final thoughts, including a personal note from the host.
“Yasser and Andy, you both distinguished yourselves and helped make the world a bit smarter, happier, and richer.”
Transcript
Automatic transcript. May contain errors.0:00This episode is brought to you by Accenture. When your advertising operations fall out of sync, everything else follows. Spotify and Accenture are working together to reinvent the rhythm of ad sales, using automation, analytics, and smarter workflows to simplify campaign delivery and access better data across the business. The result? Less time spent on operations, more time connecting brands with the moments and fandoms that matter most. Learn more at Accenture.com slash Spotify. The price per share of a stock tells you almost nothing. It's one number. But how many shares exist? In math, you multiply two factors, price times shares outstanding.
0:43Without the second, you can't do meaningful math or understand much of the market. Fools with a capital F know that price times shares equals market capitalization, a company's actual price tag. To make that lesson stick, we invented a game. On August 9th, 2017, the Market Cap Game Show was born, and we've played it every quarter since. And you're playing too, against my guest stars, your spouse, your kids. Can you outscore my talented contestants? It's that time again. Ten new stocks, three guest stars, past world champion Andy Cross, past champion Yasser Elshimi, and you. Only on this week's Rule Breaker Investing.
1:30It's the Rule Breaker Investing Podcast with Motley Fool co-founder David Gardner.
1:38Welcome back to Rule Breaker Investing. This is the Market Cap Game Show. Welcome to all my players everywhere. Whether you're a regular listener who's been enjoying this game for 33 quarters in a row now, that's more than eight years, or you just read my book, Rule Breaker Investing, this week. You checked out the book's website. That's rulebreakerinvesting.com. And then discovered, oh my gosh, the guy has a podcast by the same name. And now you find we're playing a game show this week? Well, as I mentioned, this week's guest stars are Andy Cross, Chief Investing Officer at The Motley Fool, and our 2024 Market Cap Game Show World Champion, and Yasser El-Shimi, past show champion himself.
2:25And the winner today will get a seat in our final four. That's right. In March next year, 2026, March market cap madness. Our next world championships are held featuring four finalists. So far, two of those seats are taken. Emily Flippen will be back to defend her 2025 world championship. She'll be joined by newcomer Lauren Hurst, who's already secured his place. The third seat of our Final Four will be determined today. Now, of course, there's one more star player who always joins us competing against Andy and Yasser today, and that is you. That's right, you, our dear fellow Foolish listener.
3:07Here's how it works. I'll be mentioning a stock. Neither Andy nor Yasser knows what's coming. I'll turn to one of them, and that fool will do his best to state a numerical range within which the market cap falls. The other contestant, and you playing at home, will simply say, I agree, meaning it's accurate, the stock's value falls inside that range, or I disagree, I think it's outside that stated range. So you simply agree or disagree, and if you get it right, give yourself a plus one. That's the Market Cap Game Show. We're focused on the real market caps of real stocks. Nobody knows what's coming.
3:47A perfect score would be 10. Let's get started with stock number one. Andy Cross, welcome back to the Market Cap Game Show. David, it's great to be back here, especially on the week that you launch Rule Breaker Investing, your latest book. It's a real honor to be here, and congratulations for that. Thank you very much, Andy, and thanks for all you've done to help develop me and so many other investors at The Motley Fool over the years. And Andy, of course, works on our stock advisor service backstage and with my brother Tom Gardner on his everlasting services like Hidden Gems. Andy is our chief investment officer.
4:21He is our 2024 Market Cap Game Show world champion. His job out of the glamorous game show world is to produce investor teams at The Motley Fool that give our best guidance and the best experience we can give to our members. Andy Cross, when you're out and about, what's your ratio these days? And here are your three options. We're all doing this. Tap to pay with your phone versus pulling out a plastic card versus cash. I would say cash, if you want a percentage basis, if you want it all broken down, David? I would say 5 % cash, and I would say probably 30%, let's call it 30%, I would say, with my phone, and I'd say probably the rest on about 65 % on the credit card.
5:21Yeah, and when you do the credit card, Andy, do you do the tap thing? Yes. And do you have the same experience I do, which is you never know which side of your card or whether you need to flip it around or exactly what part of the machine to tap? Well, what I just realized is if you hold your thumb over the little tap logo, it won't work. So you have to flip it to the side. And so I am not an experienced tap-to-payer, but I recently learned that. And so now I'm getting better as I continue to practice my tap-to-paying. I hope one day to be able to excel at it. But right now I'm still in the learning mode.
5:55I would say you, me, and a lot of others listening. I don't think there's a way to do it confidently or not look like you're this increasingly old person who can't really figure out new technologies. Andy, the same little tap tech that powers your checkout now lives in passports and subway cards and even car doors. There's no telling, in fact, what we might not be tapping five years from now. Though by then it might even be simpler than just the sometimes awkward tapping. we might just be glancing in five years. But for now, Andy, NXP Semiconductors makes the tiny chips that turn everyday taps into real-world actions.
6:34They're a leader in near-field communications. If you're savvy in the know, you say NFC. It's the tech inside phones and cards that powers tap to play, subway turnstiles, e-passports, the list goes on. NXP's also huge in automotive semiconductors. Keyless entry, digital keys that live in our phones, in-car infotainment. I'm stalling, Andy, so you can be thinking about your market cap here. And even radar for driver assist. Andy Cross, what is your stated market cap range for NXP Semi, ticker symbol NXPI? Well, I appreciate the stalling tactic, David. And I'm going to say I think NXPI is somewhere between$26 billion and$38 billion in market cap.
7:19$26 billion. $38 billion. Yasser, do you also tap to pay these days? I do tap to pay. And I have to say, I would never even have cash in my wallet had it not been for the fact that my barbershop only takes cash. Otherwise, I would not spend cash. And when you do tap to pay, do you feel confident? Do you do so assertively? Maybe even with sort of like a little bit of male dominance going on like, you got this? I don't know. I think it's not particularly manly to tap the card, I have to say. I insert the card for the chip reader. That seems a bit more manly. Andy Cross said$26 billion to$38 billion, Yasser.
8:06Yasser, players at home, do you want to agree with Andy's stated market cap range 26 to 38 or disagree for NXP Semi? I'll disagree. And players at home, if you agreed with Yasser and disagreed with Andy, give yourself a plus one. Because the market cap for NXP is larger. In fact, it's$55.32 billion. It's worth mentioning all of these market caps are as of right around Tuesday at noon, September 16th. So$55 and something billion, a pretty big company these days. I first recommended that stock, by the way, in Motley Fool Rule Breakers. As I was checking, it was March 23rd, 2011. So here we are. If you've been holding, and I hope you have been for 14 years, it's a nine bagger.
8:52Pretty sweet. The S &P is up about six times in value. So we're well ahead of the market. Is there anything else either of you would like to say about NXP semiconductors? I was just going to say there are so many semiconductor companies out there. I knew NXP was a successful large one. 50 seemed a little bit high on my side. I was just trying to think how big relative to some of the other ones. Of course, the giant NVIDIA. I won't even say what NVIDIA is just in case it comes up.
9:22But 50 surprised me a little bit. It was that large. Yeah, this is still a Dutch company based in the Netherlands. NXP, by the way, comes from Next Experience. So put that in your pipe and smoke it. Or just retain that around the water cooler or cocktail party for your next kind of slightly bad trivia question. Okay, let's move on to stock number two. I count it as Yasser 1 and E0. And give yourself a plus 1 at home, too, if you agreed with Yasser. Let me turn now to Yasser Elshimi, who is an investment analyst at The Motley Fool who covers a wide range of companies, especially small and medium caps, and international markets as well.
9:55Yasser works as the investment coordinator and acting advisor for Global Partners, a Motley Fool service. In his free time, Yasser likes to garden, play squash, watch soccer, and study Italian. And Yasser, just before we came on the air, I asked you what I think is a needlessly idiotic question. I said, do you still garden? Yeah, and my answer was once you start gardening, you never really quit gardening. Yeah, why did I say that? It's a way of life, David. It's true. In fact, my wife, who is also a longtime gardener, in addition to being a gardener, has a lovely rock painted somewhere in our yard.
10:30It says gardening, the slowest of the performing arts. I love that rock. Okay, let's move on to stock number two. Yasser, we're going to go automotive for a moment. What's the oldest car that you've proudly kept on the road? I mean, I'm presuming you've owned a car. Is that a safe assumption? It is a safe assumption. My first car was a French car, actually. It was a Citroën C4. And it was one that I had bought in Egypt back in the day when I was still living there. Yeah. What color? It was navy blue. Navy blue. Yeah. My favorite color, actually. Sounds like a pretty sweet first ride. Yeah, it was pretty comfy.
11:15I would say, you know, like, fun fact about Citroëns, they were invented to be the most comfortable car there could be because they made them for the French countryside so that you could drive on the field with a carton of eggs and make sure that not a single egg will get broken on the ride. The stuff of legend. I never heard that. There you go. So, Yasser, did you ride that thing for a long time, or was there another car in your life that you kept cleverly repairing and or using recycled parts to just keep it on the road? Well, you know, since then, I've obviously moved to the U.S., and I couldn't bring the car with me.
11:53However, my mother has taken over the car in my absence. and every year or two when I go back, I always check on the car, I drive it, and I take it to get maintained and repaired and serviced and all of that. Excellent. And would it be fair to say that occasionally there are recycled parts that are going into that old car? That would be a fair assumption. Excellent, because LKQ Corporation keeps cars on the road by supplying recycled original equipment manufacturers, the OEMs, and their aftermarket parts to body shops and mechanics across North America and Europe. I don't know about Egypt, but LKQ, the name itself, and the ticker symbol, by the way, stands for like, kind, and quality.
12:37Like, kind, and quality. Letting you fix a fender bender without the dealer's prices. So we're thinking about doors, mirrors, sensors. These days, electronic modules sourced smartly for cost availability and sustainability. Yasser Al-Shimi, what is your stated market cap range for LKQ, ticker symbol LKQ? All right. I'm going to go for$3.5 billion to$6.6 billion. $3.5 billion to$6.6 billion. Andy Cross, have you ever looked at this company? Oh, yes. Yeah, yeah. It was a long time ago. I'm more familiar with Copart, operates in similar markets. I have seen LKQ vehicles on the road. You do see them every now and then driving around.
13:28I think there might actually be some facilities around the D.C. area. I didn't realize that. Okay. Anyway, yes, I've not studied it in-depthly to have confidence in this decision. But I have. I mean, it's on the Stock Advisor scorecard, so I'm familiar with it. Yeah, in fact, I picked it. We'll talk about that. And Yasser said$3.5 billion to$6.6 billion players at home Andy Cross, do you want to agree with Yasser or disagree with Yasser? I'm going to disagree with Yasser on this one. And that was the correct call, which ties this game one to one. If you disagreed with Yasser, players at home, give yourself a plus one.
14:05The market cap for LKQ, not far off,$8.15 billion. I mentioned I picked this stock. That's why it's on the Stock Advisor scorecard. At least it started there. May 16th of 2012. That was my birthday. My gosh. And unfortunately, it's been an underperformer, so I kind of choked on my birthday 13 years ago. I picked it at$24.27. It's up 92%, so it's nearly a double. The problem is the S &P 500 is up over 500 % since 2012. So yeah, it's been an underperformer. In fact, the stock somewhere in the 30s today was up around 60 in 2021. Four years later, it's about half that. This is an example of a stock that probably has never been a big supported stock by our members, Andy.
14:52People tend not to go for the companies with acronyms in their names from industrial sectors. Well, I think, yes, and because, although I had not realized it, it had been so much higher than that, although I thought it was maybe above a$10 billion market cap. But, yeah, it's just one that never really quite gravitated, the community kind of gravitated to and rallied around. Yeah. And I still hold hope for it. I love to hold companies doing relevant things. And I love the idea of recycling more parts to keep vehicles on the road so we don't need to keep manufacturing new stuff all the time. So we'll see.
15:27At one point, it was a market beater, just not right now. All right. Let's proceed on to stock number three, Andy Cross. This is from a completely different place. Andy, how do you like your steak? I would say medium rare, David. Vegetarians in my family, so I don't have a chance to eat that much steak. Have you eaten a steak in the last three years? Yes. Oh, yes. Okay. So vegetarians are in your family. You're not one of them, but you still respect that, and you're probably trying to do that more every day. 100%, and I don't eat it very often, but when I go out, I try to enjoy it a little bit.
15:59Yeah, and if you were to go out, and the place had warm rolls with cinnamon butter and maybe a bucket of peanuts on the table, Are you pacing yourself for that medium rare steak, or are you just maybe letting the freebies win the night? Wow, that's a great—I am a freebie eater. And then I regret it because I'm so stuffed before I have that maybe tenderloin or whatever I might have, filet, I guess it is. So I would take on some of the freebies, I've got to say. I particularly am guilty of that at Mexican restaurants where they bring out the free chips and the salsa, and I'm on my third big bowl, and I'm like, you know what, we're good.
16:35I'll take the check. All right. Well, fortunately, that hasn't happened too often for Texas Roadhouse, which runs lively, full-service steakhouses, known for their hand-cut steaks, made from scratch sides, and yeah, warm rolls with cinnamon butter and maybe buckets of peanuts, too. Country music playing as well. Andy, have you ever been to a Texas Roadhouse? I never have, David. I haven't either, but I picked the stock. We'll talk about that. Andy Cross, what is your stated market cap range for Texas Roadhouse, ticker symbol TXRH? David, I'm going to say$16 billion to$23 billion. $16 billion to$23 billion.
17:15Yasser, are you a vegetarian or a meat eater? I am a meat eater. And have you been to a Texas roadhouse? I have not. I haven't even been to Texas, let alone a Texas roadhouse. You know, you can go to a Texas roadhouse without being in Texas, though. There's one, like, right here in Washington, D.C. Oh, really? Yeah, in the suburbs somewhere. Yeah, they're out there. Okay, awesome. Yasser, Andy said$16 billion to, I think it was$23 billion, am I right? $16 to$23 billion. Players at home, Yasser El-Shimi, do you want to agree with Andy or disagree with Andy? I'll disagree with Andy. Well, I hate to say it because he's our chief investing officer.
17:49Most of the time you want to agree with him, but it was correct to disagree with Andy. In this case, Yasser, give yourself a plus one. Players at home, if you disagree with Andy's pretty decent market cap range, do give yourself a plus one as well. The market cap for Texas Roadhouse, a little bit smaller,$10.87 billion. It does hit the, let me see, seven and a million, 10 and a billion. It does hit the 11-figure number,$10.87 billion, but not quite at Andy's,$16 to$23 billion range. Yasser, do you have a particular cuisine you favor, and then you go to those restaurants, and they bring out free stuff, and you're not even wanting your entree?
18:29I don't know about the free stuff. I would love to go to a place that gives me free stuff. That doesn't happen too often. But my favorite cuisine is sushi. So I'll go to a sushi restaurant or Japanese restaurant any day of the week. If I have to choose just one cuisine that I can only have for the rest of my life, it would be Japanese. You know, note to all the Japanese sushi places, maybe you should have some more free stuff. I mean, it seems to be working for Texas Roadhouse, which has been a winning stock. Yeah, and obviously I thought it was more winning stock than what I thought. Well, I wish it were up to$16 or$23 billion, Andy.
19:03It has been an eight-bagger since we first picked it in August of 2013. So this is another one of those buy-and-hold-and-hold kinds of rule-breaker companies. And I want to add, giving props to myself here, that it was already up from 20 to 30 from 2013 to 2016. And we went on to re-recommend it higher, which is, of course, habit number two of the rule-breaker investor. Add up. Don't double down. tend to add money to the things that are going up over time. You'll be a lot happier. And we have been with Texas Roadhouse, which, by the way, was founded not in Texas, but in Louisville, Kentucky. Have you been to Louisville, Yasser?
19:41I have not, unfortunately. All right. Well, Kent Taylor, who is my alma mater, the University of North Carolina Chapel Hill, was the visionary entrepreneur who got it started for Texas Roadhouse. Let's move on to stock number four. I counted as Yasser two, Andy one. Players at home, we all hope you have three. Yasser El-Shimi, let's go back to cars again, but we're going to take a new angle this time. Would you be willing to plug a tiny gadget into your car if it meant trading a bit of data for a lighter monthly bill? Trading a bit of data for a lighter monthly bill. I think I know where you're going with this.
20:19And in fact, I had done that in the past. But you're using the past tense. Yes, in the past. with my car insurance. I think they sent me some gadget that I would plug in, and it effectively acts as a tracker to evaluate how good or bad of a driver I am. Although it's really only measuring kind of like speed, and I actually think I'm a good driver, and I constantly speed, and I've, knock on wood, have had very few accidents over the course of my life, so I would feel judged and misunderstood by such a little device that I don't have in my car. It sounds like you once did, Yasser, but have times changed?
20:57Yes, I have. I mean, now on my mobile app, the app tracks me. It's, you know, I keep getting that notification every few months saying, this app is tracking you all the time. Are you sure you want to keep it tracking you? Or just when you're in your car and you're like, no, dude, man, follow me everywhere. And usually I'm like, I guess, you know, like they give me a discount, so I'll take the discount. Yeah. Well, it is true these days. We've kind of moved on from those little devices you plug in. Many people are using their mobile phones for the same purpose. And yes, the company we're talking about is Progressive.
21:33Progressive Corporation, a top U.S. auto insurer. About one in five of our listeners is outside the United States. So not everybody would have seen the ads with Dr. Rick, which we'll talk about in a sec. But yeah, its usage-based program uses telematics. That's driving data via that plug-in or increasingly just your phone app these days. And it prices your insurance more precisely. It's supposed to reward, anyway, safer habits. I'm sure it does. It's all math. It's data-driven. It's a direct-to-consumer brand. They've got some of the better ads on TV these days. You've got Dr. Rick, the life coach, who helps new homeowners not become their parents.
22:13We'll talk about that in a sec. But Yasser El-Shimi, oh my gosh, there's the sound. Wait, this is a throwdown. That's right. It's throwdown time, so pencils out, fools. Yasser and Andy will now write down their best market cap range for Progressive Corp, ticker symbol PGR. Now, once they share their ranges, players at home, your job is just to pick the contestant that you think made the better guess. You simply say Yasser or Andy, and if you're right, score a point. And as they continue to think of their best guesses just a bit more on how this works, if only one of them gets the market cap range right, well, of course, that correct guess wins the point.
22:56But if both are right, the contestant with the tighter range takes the point. But what if they're both wrong? Well, that simply doesn't happen. and these fools are experts, but supposing it ever did happen, whoever's parameter gets closest to the actual market cap will get that plus one. So we do this twice every show. Let's do it right now. First throw down stock, stock number four is Progressive Corporation. I will now turn back to you first, Yasser. What is your stated market cap range for Progressive? My range for Progressive is$65 to$95 billion. $65 to$95 billion. And before I turn to Andy, Yasser, how confident were you as you picked up that pencil and thought about it?
23:44Not as confident as I was with Texas Roadhouse. Okay. Yeah, that says something, Andy. Andy Cross, what is your market cap range for Progressive, ticker symbol PGR? I don't know. He used some tracking software. He's never been to Texas or a Texas roadhouse, yet he won that one. I'm on the larger side. I'm at$135 billion to$180 billion. $135 billion to$180 billion, a bigger and a broader range. Players at home, it's now your time. I'm going to say 3-2-1. You're simply going to say Yasser or Andy out loud. That's the person you think had the better guess. You ready? 3-2-1. We heard you. And if you said Andy, give yourself a plus one.
24:29This is a larger company than Yasser foresaw. In fact, the market cap is$142.88 billion, taking it at an extra decimal just because. And Andy, that is well within your range of$135 to$180 billion. Andy, I feel like you're not only just a Dr. Rick fan, you've probably researched this company before. Well, I have a little bit. And since Tom had recommended it and brought it into our universe, and it's just exceptionally run. And in fact, even the likes of the team over at Berkshire Hathaway, which owns Geico, has given a lot of props to the success that Progressive has had. However, the Dr. Rick ads are a fan favorite inside the Cross household.
25:13Very, very funny ads. And again, a lot of Americans are going to recognize this. But for those who aren't, this is supposed to be like a self-help doctor who's there to help you not turn into your parents, which means as you age, you don't start saying or repeating old man, old lady lines that you heard from your parents and all of a sudden discover you're turning into your parents. So that's the heart of the humor. Andy, occasionally I'll see one of those and it'll cut a little too close for me. Have you had that experience? Oh, David, I was just going to say, some of them, I wouldn't say a majority of them cut a little too close when the one guy was helping the stranger park his car in the grocery lot.
25:52I was like, I would do that. I would do that if someone's struggling to get into a spot. I would be like, hey, can I go a little bit further this way? And I was like, oh. Right. And most of these are really well-meaning and good things that people are doing. My kids ragged on me a bit when I think one of Dr. Rick's lines, he corrects one of his subjects who is going to be doing a selfie and he's counting down three, two, one. And Dr. Rick says, we don't need three, two, one. Just take the selfie. And I'm like, but I do every selfie with three, two, one. Anyway, you know, Geico has the gecko. State Farm these days has Jake.
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26:30Allstate has the mayhem guy, my least favorite of all the insurance ads. Liberty Mutual with the emu? I mean, I guess you have to have a mascot in funny ads to be an insurance company. I think so. There's one insurance company out there that prides itself on not having a mascot, but I'm blanking on the name, so maybe the mascots work. There's some smaller ones like the General, which is just a bad mascot, I think, if you've seen the General ads. I think that one you're talking about is called PJM or something like that. Yes. But, yeah, even I'm struggling to remember its name. An acronym. That tells you something about.
27:03Well, those insurance companies tend to be very profitable, so they have a lot of money to invest. And insurance is a commodity market, so they've got to stand out somehow. I mean, they're all doing it, so there's pattern recognition there, Andy Krause. And it's been a very fine stock, very fine company for Tom Gardner and Berkshire Hathaway. So let's move on. It's exciting, guys. I think it's 2-2. Some of our players at home are counting four right now, so you're losing to some of our experts at home. But here in the studio, let's move on now to stock number five. Andy Cross, when you think about companies that change their corporate names, not just because of a merger or a buyout, but let's say, you know, just because.
27:44Maybe their business is changing or the world has changed or they want to reset their reputation. It's not always an easy thing to do, is it? No, in fact, I think a lot spend a lot of shareholder capital trying to figure out how to change that name. Yeah. Do you think we should change our name of The Motley Fool? I do not. I agree with you. Yasser? I do not. We would fire you if you had said it otherwise, right? I cannot be sitting here across from David Gardner telling him we should change the name of the company. We're all about free opinions of the company, but to change the name, that's where the line gets drawn for David.
28:19And if we did, we would obviously hire a marketing and branding firm, and they would go out and do a lot of research, and they'd come back with a made-up word, and it would be something like investrix. Right. And we would be investrix. Or maybe fluist. Fluist! Fantastic. So these are all opportunities that we're not going to take, but thank you for that. So I'm thinking, though, about a company that's done this in our lifetime, and at quite a scale, like a breathtakingly large company that just flat-out changed its name. Andy, back to you. Can you think of any feet companies that would fit that shoe?
28:51Well, the one I'm thinking about is Square, that now I think it's ticker as XYZ, and it changes name to Block. And so, you know, the CEO, I'm blanking on his name. Jack Dorsey. Jack Dorsey, thank you. I wanted to say Pat Dorsey. Yasser knows everything, by the way. This is why you should agree with Yasser. I mean, I'm just glad he's on our team, and he still likes our company name. And I'm just scared to be competing against him. I can understand kind of why you change that name, but that's the one that jumps to mind without going through. When companies merge together, I can see why they do that.
29:24Yeah. Well, and then there's also meta platforms, right? Hey, we were Facebook, but we're now going to have a new name. But I'm thinking about a company that is just about that large that's done this in our lifetime. The ticker symbol is G-O-O-G. The company, stock number five, is Alphabet. And by the way, they never changed their ticker. They changed their name, Alphabet, but they kept the ticker the same. Anyway, yes, Alphabet is our company in question here, so I'm going to turn back now to Andy. And oh, my gosh, wait. Number five is our other throwdown. You know, I randomized which ones, and it just came up four and five this time.
30:02So we're doing it back to back with another throwdown round. I'm going to turn once again to Andy and to Yasser, ask them to get their pencils out. and they're thinking right now about Alphabet's market cap. Now, I personally think that Alphabet should eventually change its ticker symbol, and I will be providing my own suggestion to the company very shortly, but I'm stalling mainly for my contestants so they have good time to think about. I think they've heard of this company before. What would Alphabet's market cap be? And again, the tighter your range, the more likely you are to win the point.
30:38And players at home, you and I, we just can sit there and go, I don't know. Let's go with Yasser or Andy. That's the throwdown round. And I'm now going to turn back to Andy Cross. Andy, what is your stated market cap range for Alphabet ticker symbol GOOG? Well, David, I'm going with$3.05 billion to$3.23 billion. And I think you mean trillion. I'm sorry, trillion. I think you mean trillion. We're going to help you out there. Thank you. Thank you. I mean, there are only a few companies we can do that to. So I understand how you can easily. 3.05 trillion to 3.23 trillion. To 3.23 trillion dollars.
31:17Now, that may sound like a really tight range until we realize it's actually like$180 billion there between your tight parameters. And Yasser, looking over your post-it note, what did you write down? I wrote 3 trillion to 3.05 trillion. So that is an even tighter range,$3 trillion to$3.05 trillion, which, by the way, was the bottom of Andy's range. So you guys are really close. And this company was definitely in the headlines in the past week for becoming, I think, the fourth company to trip over the$3 trillion market cap. And market watchers like, I don't know, analysts and advisors at The Motley Fool and a lot of our listeners and armchair investors, too, you probably saw that headline as well.
32:02The market cap for Alphabet as of around 12 noon today, Tuesday, September 16th, was$3.037 trillion. We are dealing in incredibly large numbers. A lot of humans have a hard time wrapping our minds around trillion. How many billions are in a trillion, dear listener? And the answer is there are a thousand billions in a trillion. This company's market cap, 3.037. That is right square in the middle of Yasser's rather tight range of 3.0 to 3.05. So if you said Yasser, give yourself a plus one. And that marks halftime. The first half of the market cap game show is over. Except that before we move on to the halftime follies, a couple of things.
32:50First of all, I do think at some point alphabet should change its ticker symbol. And I already have the idea here, guys. because if you're alphabet, I'm thinking about A at the start of the alphabet and Z at the end of the English alphabet. And so I was thinking A to T-O-Z. A to Z. That's kind of cool. Now, it looks a little dorky, I will admit. A-tahs. It's probably not as expressive as Goog, but I feel like over time we can really own the mindshare around A to Z. We are alphabet, and we have an alphabet-like ticker symbol. Well, I think their website is abc.xyz. Okay. So it matches, David. Okay.
33:33You're already thinking along the lines. Directionally aligned with where we're headed there. Okay. Yeah. I'm really happy to say that Tim Byers, our longtime Motley Fool analyst and advisor, brought Google, and that's what it was called back then, to Rule Breaker members on May 21st of 2008. We're still holding. 17 years later, yeah, it's up about 20 times in value. And gosh, when Tim picked it, guys, its market cap back then seemed pretty big. It was$182 billion, and it's up about 20 times or so since. So a mega winner for many fools and fool services ever since. Thank you, Alphabet. All right.
34:10So we've had many different forms of halftime entertainment for the market cap game show. This is a first. We're about to debut. I'm very excited about this. You guys know because I told you ahead of time This is coming. I decided, I mean, in the past we've had music. We've had inspirational speeches. There may have been a poem or so. But this time, for the first time ever, I've asked each of my contestants, as our halftime entertainment, to tell a joke. Yasser, you are leading, after all, at halftime. So I'm going to turn to you first. A joke, please. Are you sure? Is that the joke? Well, I just wasn't sure if you wanted to lose half your audience once I tell the joke.
34:47I am sure. All right, fine. Here's a joke. Why did the accountant leave the calculator? Andy, why did the accountant leave the calculator? Do you have any guesses? I don't think we're supposed to guess. It's just a joke. I don't. All right, let's just say why. Pins and needles. She was too calculating. Okay. Yeah, this will only work if we have some kind of like after effect sounds, you know, sound effects, like drum rolls or something. We're looking at our producers across the glass. Like we need help here. We need help. We got a thumb up from Dan Boyd. Okay. Archie? Archie? So we have two producers today, and this is a discriminating pair.
35:27And you have higher standards. You got one thumb up. This, by the way, is not being scored. This is a halftime folly. This is entertainment. Andy, tell a joke. I did ask just around my brother some good dad jokes of the like, which I love. So this is one that one told me that goes, I told my wife, you know, she should really embrace her mistakes. And so she gave me a hug.
35:57Oh, that's a joke. I mean, we got multiple thumbs across the glass. I think, Yasha, that was not a fake laugh. No, that was a genuine laugh. That was genuine. That was genuine. All right. And we hope, dear listener, you laughed at least once for our halftime follies. Did you know three out of four U.S. homes have toxic chemicals in their tap water? Even though contaminated water looks clear, it could put you at risk for devastating health concerns, including fatigue, hormone disruption, cognitive decline, even cancer. Surprisingly, standard fridge and pitcher filters do little to remove most contaminants.
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37:29AquaTrue even comes with a 30-day best tasting water guarantee. That's AquaTrue.com. AquaTrue spelled without the E on the end, so that's A-Q-U-A-T-R-U.com. And remember to use the promo code RBI. AquaTrue.com. Let's move on to the second half of the game. Again, some listeners at home have a score of zero, I'm sorry to say, but others might have a score as high as five. Here we have Yasser 3, Andy 2. This is for the third seat of our final four, March market cap madness. So we're about to get a little bit more serious. Guys, no more jokes. No more jokes. All right, on to stock number six. Yasser El Shimi, have you ever been to any airports?
38:13I know you haven't been to Texas, but have you ever been to any airports south of our U.S. border? Yeah, yeah, I've been to Cancun. Excellent. Did you touch down in Cancun and think, while you were in the airport in Cancun, This terminal feels more like a resort lobby than an airport. It does. It did feel that way. Yes, absolutely. And lots of commercial options. Yeah. Yeah. And and and in fact, this company operates a network of airports. It does include Cancun's, but also Cozumel, Merida and Luis Munoz Marine. I think I did that right. M-A-R accent I-N Marine International in San Juan, Puerto Rico.
38:55It's a private airport operator. The name of the company, I'm going to do my best here, guys, Grupo Aeroportuario del Sureste. I definitely have the del Sureste, right? The Aeroportuario is a little bit more of a challenge, but nevertheless, tourism-driven traffic in the Yucatan Caribbean corridor is its engine. With a shared operating playbook across multiple hubs, Yasser Elshimi, what is your stated market cap range? I'm not going to say the company name again. I've already done it too many times. Ticker symbol ASR. My stated market range is$33 to$52 billion. $33 billion to$52 billion. Before I ask Andy and players at home for their official response, agree or disagree, Andy, have you ever been to Cancun?
39:52Never have. Have you ever looked over ASR as a stock? I have. I feel like you've done that with so many. You're our chief investing officer. Well, there are a few different Mexican airports, and I think they've all done relatively well, pay a lot of dividends, but never super in-depthly. Okay. Well, Yasser said$33 billion to$52 billion. Andy, players at home. Do you want to agree or disagree with Yasser? Well, Yasser is one of our international experts, and he knows global markets. But I think I'm going to disagree. Actually, I know I'm going to disagree with him on this, but I may regret that decision, but I'm going to disagree with Yasser.
40:31And I'm not going to say yet whether you're right or not, but since you are disagreeing, do you suppose it would be smaller or larger than that range? I think it's a little—I had it in my mind a little smaller than the range that Yasser gave. All right, players at home, if, along with Andy, you disagreed with Yasser, give yourself a plus one because it is far smaller than Yasser was suggesting. Andy, I think you were intuiting that. But then again, I think you may have looked over this company more recently than Yasser did. ASR's market cap,$9.36 billion. They're not making as much money from Cancun, among others.
41:06I mean, tens of millions of passengers a year, but not quite yet. Now, Yasser, anytime somebody guesses a much larger market cap than the actual market cap, what we always say is maybe you should research that stock. Because in your mind, you can foresee, you're thinking it's bigger, and you're getting it at like a quarter of the price right now, potentially. So are you going to maybe add ASR to your watch list? Yes, I think it's something I need to look into. We already have another airport operator in our global partner service. And I think it's bigger. So that's probably why I deviated towards a larger side.
41:42Well, you know, the great thing about these businesses is it's kind of a captive audience. I don't think teleportation, by the way, is going to replace airlines anytime soon. Sometimes when I look into the sci-fi around, could we ever teleport ourselves? You'll see stories like you are killed at one place. And then as you pop up in Cancun, there's another version of you because you were technically killed back in Washington, D.C. And then you were reconfigured and you've teleported successfully dot, dot, dot to Cancun. You know, I was just saying, David, that I travel is sometimes such a pain that teleportation I just crave.
42:23However, in the way that you just told it, I am now completely fearful of it. Yeah, although I will say for ASR, they'll probably still be like the airport you're teleporting to. Although I guess you could teleport to your house, but I'm not sure we have the right equipment in your house to reconfigure your DNA and your lived experience and memory that easily just in like your den. New business model for ASR, I guess. All right, well, let's call it three to three. This game just stays tight. I admit it, guys. I have not yet come up with the 11th tiebreaker stock. If we're headed there, I don't know if we are or not.
42:57Let's go to stock number seven. Andy Cross, have you studied, like, hotels? Not much, David. Have you stayed in hotels? I have. Do you enjoy staying in hotels? I do. Did you know that big hotel chains engineer the first 10 seconds of your stay? I did not. Many brands curate a signature scent in the lobby. They dial in warm or cool lighting to calm, travel, frazzled brains. After all, your plane was probably delayed and you're feeling a little stressed. You notice this, too, when you get to your room, right? Some of them obsess over pillows and bedding. I think it's the signal you're going to sleep well here.
43:37I often, when I stay in hotels, which I'm not a big travel person, but I do do it. And when I do, I try to find a nice hotel. I'm often amazed by how awesome the pillows are. So much better than my own pillows in my house. Have you had that experience? Yes, 100%. Yeah, so, yeah, Weston's heavenly bed and all the rest. Yeah, those first 10 seconds of your walk into the lobby and walking into your room are at scale heavily curated. At least they're trying. Marriott International is the world's largest hotel company. It spans some of the brands I just mentioned. For example, Westin or Ritz-Carlton or Marriott Courtyard.
44:14They're basically present at every price point. Increasingly, it seems, every place in the world. It's a really interesting company. I'm happy to say that my brother Tom picked this one for Stock Advisor back in 2015. Andy, are you familiar with Marriott International? Kind of a local company here in Washington, D.C. Yes, yeah. It's headquartered out here in Maryland. Yeah. Jay Willard and Alice Marriott, starting it as a root beer stand. Iconic stories. First hotel opened in 1957. It was the Twin Bridges Motor Hotel. Why are we going on with trivia when I should just be asking you about the market cap of Marriott International?
44:49It's ticker symbol, Andy, is M-A-R. David, I will say a range between$70 and$80 billion. So big round numbers, Andy. $70,$80. Was that intentional on your part? I know there's some head game to this game. There is some head game. It was not in that guess. That was just, I don't know why. That itself is a head game statement. Just that statement was not a head game statement. on top of my head game statement. No, I just happened to pick 70 to 80. All right. Yasser El-Shimi, Players of Dome. Andy said 70 to 80. Yasser, your thoughts? First of all, just about any of the Marriott many brands. Do you want to express a plus or a minus?
45:33Give a five or a one-star review right now of any of the Marriott brands? Well, I have to say I do love staying in hotels, especially when they're really nice hotels, five-star hotels. Ritz-Carlton, another Marriott brand. There you go. I am not as good in terms of remembering which hotels belong to what chain. Nor am I. It's hard. The whole industry has been rolling up. I will say this, though. Part of Marriott's charm is the Bonvoy single app, single frequent points, whatever they're calling it these days, across all of your lodging experiences. Yeah, and I guess returning to really the question of the hour, Andy has said$70 to$80 billion market cap.
46:14Now, presumably, Andy knows this company pretty well insofar as you work closely with Tom. That's part of the head game. I think it is part of the head game. And I don't mean to be participating in a head game right now. Players at home and Yasser El-Shimi, would you like to agree or disagree with Andy's stated range? You know, I think Andy would definitely know this company a lot more than I do. However, I'm going to disagree with Andy. and I'm just going to say, even though I know you're not asking if it's higher or lower, I'm going to say that my hunch, my inclination is that it has a higher market cap than the stated range.
46:51All right, so Yasser has disagreed. Players at home, agree or disagree yourself? All right, we heard you. If you disagreed along with Yasser, you lose this one because Andy nailed it. So if you agreed with any plus one, because Marriott's market cap is$72.07 billion. Ten years ago, this month, in fact, when my brother picked it, it was about a four-bag or smaller. So this company is four-bagged for members over the course of ten years. It is a market beater. Now, it's not been a market crusher, but this is not in an industry where you'd necessarily crush the market with a stock like this one. But I was waxing philosophical earlier, even talking about the roots of the company, the root beer stand.
47:34Andy, it is hard to keep up with all their different brands. They acquired Starwood Hotels and Resorts in 2016. Sheridan, they own Weston, Sheridan, St. Regis. Of course, we talked about Bonvo. You see a loft near airports, I guess. I would have thought with Yasser it is a bigger than just$70 to$80 billion market cap. You know, what's really interesting with these companies is that once Airbnb, which is a great company, had kind of come out to the forefront, there was concerns about a lot of these hotel companies. And yet Marriott and a few others have done quite well. It's a great point. You know, the world is bigger than we think.
48:13And a lot of people who tend to think zero sum, it's not the right way of thinking about things. It's more yes and both more. It sure has been. I guess it just means a lot of us aren't spending as much time in our apartments or homes anymore. We're just somewhere else. All right. And not teleporting there, at least not anytime soon. Okay. On to stock number eight. I counted Andy, who's just taken his first lead for Yasser 3. Yasser El-Shimi, when you think of really important cities in terms of the world's financial markets, what comes to mind? New York, Hong Kong, London. I agree. Maybe Dubai.
48:51Good. Andy, would you add anything to that list? Maybe Frankfurt. How about domestically? Is there another city that would jump to mind as relevant to the world's financial markets that's not New York City? I would say Chicago and Miami. Chicago has a CME group, I believe it's based in Chicago. It's funny you mentioned that. Do you mean the world's leading derivatives marketplace where traders and institutions manage risk and interest rates, equity indices, foreign exchange, etc.? Is that Chicago? That is the exact Chicago I was thinking of. Yes, commodities, metals, all of that gets exchanged on CME.
49:27And we're going to head back to CME in a sec, but you also mentioned Miami. What are you thinking there? Well, I know that they have been working on a Miami international exchange. I believe it even has IPO'd recently under the ticker symbol MIAX. See, I am not keeping up. I didn't know that. All right, Miami. Yes. So it's, you know, presenting kind of a new forefront for exchanges. It's heavily geared towards cryptos and digital coins and other kind of newer innovations, but also, you know, offering traditional services like stocks and options and so on. All right. Well, thank you for that. But we are headed back to Chicago, which is where on LaSalle Street in Chicago, CME Group is based.
50:19CME matches buyers and sellers around the clock. It guarantees trades through its CME clearing. It launched Globex, the electronic platform, in 1982. You know, it launched S &P 500 futures in 1982. CME Group, the ticker symbol is CME. Yasir Elshimi, what is your stated market cap range for this company? My stated range is 80 to 105. 80 to 105 billion dollars. Andy, have you ever traded an S &P 500 future? Never. Nor have I. But, I mean, you see it out there. This started with, like, corn and cattle, and then it turned into stock in Next Futures over time. Colored jackets. pits. You know, have you ever been down in the pit?
51:08I've never been down in the pit. Nor have I. I did visit the New York Stock Exchange. You've been down on the floor there? As have I. Yeah, maybe we were there together even. We were. Yeah. Did we ring the bell at the New York Stock Exchange one day? We did. We did together. Yeah. Yeah, but we were not in the pits with the colored jackets and the corn and the cattle. And yet, Yasser has said$80 billion to$105 billion for this company's stated market cap range. Now, I will point out that right now you're winning four to three. If you were to score a point here, you'd lock in at least a tie for this quarter's market cap game show.
51:41I'm not trying to add any pressure on you. Thank you. I'm just pointing that out. Thank you. You do not succeed with not adding any pressure to me, David. You know, so many of these companies, they're so successful and they, in my mind, they bleed together when it comes to the market cap. So I'm trying to get them all the NYSE, the CME, all of these. Yeah, Intercontinental Exchange. Ice is in there. London, Hong Kong, Miami. I think Yasser, what was the range again? $80 ,080 ,000 to$105 ,105 ,000. I think maybe a little bit on the high side. So I'm going to disagree with Yasser. All right, players at home, Andy has disagreed.
52:20You can make your choice now. Excellent. Well, this game just tied up because Andy was wrong. He should have agreed with Yasser's$80 to$105 billion. That was a very good call, Yasser. It was almost equidistant, almost the median there,$94.41 billion. Yasser, this is a stock we have had in Stock Advisor for a while. Do you have this in Global Partners? I do not. Our mandate in Global Partners is for international markets, so we cannot recommend any domestic But this company operates a market that is international. I know, I know. And one of my favorite offerings of theirs is the orange juice index.
52:56Because I was fascinated, you know, when I first immigrated to this country about, you know, watching in the news about the price of orange juice and how it fluctuates every year due to planting conditions in Florida. And I figured that the futures of orange juice were traded on the CME. And that was just fascinating. That is fascinating. And so Miami enters back into this conversation in some sense. I mean, they've got oranges down there. You know, what I'm always amazed by, I think I point this out from time to time when Yasser appears on this podcast. Yasser, at what age did you begin studying English as a language?
53:34I learned, so, yeah, I was exposed to English very indirectly throughout primary school, you know, middle school, high school. but I only started actually learning English properly in college. Which is just incredible to me as somebody who, and you and I are both Duolingo shareholders. You've been following and you've been a backer of Duolingo for a while. I can't even pick up a second language with anything more than an eight-day streak on Duolingo. Spanish is challenging enough for me. You speak English so well, so naturally, just wanted to point that out. Okay, it's four to four. Let's move on to stock number nine, Andy Cross.
54:15Let's stick now with commodities trading just for a second, but from a very different angle. Andy, do you have rooftop solar in your house? I do not. Do you have any kind of home energy storage? I do not. If you did have rooftop solar or a home battery, could you see yourself selling power back during price spikes where you're, in a sense, playing energy trader from your driveway? Sure. I would love to do that. All right. Good. Well, Constellation Energy is a major U.S. power producer and retailer. This is a little bit of a lame transition. Best known for its large carbon-free fleet, led by nuclear, by the way, plus wind and solar.
54:58Constellation Energy, Andy, I think you noticed they're based not far away from Washington, D.C. They are. They're a Northeast regional company. Baltimore, Maryland, no less. And this is stock number nine. Now, TMF Moneyball, which is one of our new services, really fun to watch. TMF Moneyball has been seriously digging this stock throughout the year 2025. We'll talk about that in a sec, but Constellation Energy is the nation's largest producer of reliable, clean, carbon-free energy. It's, of course, a company whose market cap I'm deeply curious to know what your stated range would be. Its ticker symbol, Andy, is C-E-G.
55:39Constellation Energy, your market cap. David, I'll say$95 billion to$120 billion. $95 to$120 billion. Yasser, are solar panels any part of your life? They are. In fact, I installed solar panels in 2023, and I'm so grateful that I did. Personally? You installed them personally? Not personally. I had them installed. I know you're a man of many talents. I mean, Yasser's busy with his Molly Fool job, Andy. Please. I'm anything but handy, I'll tell you that. And yet, you've done it. That's fantastic. Now, part of me is hoping you're going to get this right because I feel like you're making more of an effort.
56:20I was just hypothesizing that Andy's in his driveway selling power back as an energy trading partner to others. But you're actually living the dream right now. Are you happy with your solar rooftop install? Extremely happy. I mean, not only am I selling credit back to the state and I'm getting paid for it, but I've also been, I mean, our electricity bill has gone down from an average of around$200 a month to about$8. Wow, that's incredible. So I think we've done well. We have done well. Well, Andy said$95 billion to$120 billion. It's four to four, stock number nine. Yasser, do you want to agree or disagree?
56:59I will regrettably disagree with Andy on this one. Players at home, okay, we heard you. And unfortunately, Yasser should have agreed with Andy because Andy made a pretty good call. Constellation Energy's market cap is$101.64 billion, solidly within his$95 to$120 billion range. And therefore, Andy, you get the point. I actually did not really. That was a pretty good guess. I was looking across the studio at you, and you looked in disbelief. Like, I thought I was saying something wrong. Your expression was so strange. That one has even surprised myself, David. And these are not mind games. No, these are part of your mind games, Andy.
57:41And please just, you know, like there's no need for that. TMF Moneyball, as I mentioned, has been recommending the stock starting in March of this year around$180 a share,$180,$200 in there. Stock's now at$323. This is a utility. This is an energy company just months later. It's been a fantastic pick. Maybe something's right in Moneyballville. I'm certainly impressed by that, and I know members are happy about that as well. Before we move on to stock number 10, this company runs the largest U.S. nuclear generation fleet by output. That's part of being the carbon-free leader. Beyond kilowatts, it offers 100 % clean energy plans.
58:26It has demand response and efficiency services. To other enterprises, think about stadiums, campuses, data-heavy customers. I mean, this is a$100 billion-plus pretty impressive company. I've never really researched it. Yeah, I mean, they operate the nation's largest zero-carbon power production. They are a very impressive company. They are working on getting that old nuclear plant in Three Mile Island in Pennsylvania started again. They signed a deal with Microsoft. All these data centers are going to need quite a bit of power generation. And I think CEG is doing its part in giving us that zero carbon emission power.
59:11Here's Yasser installing the solar panels on his rooftop, even though he wanted to admit he did it himself. And then he's throwing down facts that we probably didn't have, Andy. It's all heart and soul. He doesn't get the point? And he's talking about Three Mile Island, which is not far from where I grew up. I mean, Yasser, I think, David, I think he's just mind-gaming me into the clothes here. Maybe so, but I mean, my heart goes out. I'm really cheering for Yasser right now. As you should. I am cheering for Yasser. All right, you're also cheering for Yasser. Let's move on to stock number 10. Stock number 10, we're going to turn back to, I think, number one in our hearts, number one not in our scorecard, Yasser Elshimi, and ask you, Yasser, because I guess my randomizer, because I randomize which stocks we're going to talk about every game show, I look at the 500 most popular companies on our website.
59:57I call them the Fool 500. It's different from the S &P 500. There's some overlap. But I just pull random numbers. And then it's going to be like, we're going to talk about that stock. And you guys don't know what's coming. And I don't know what's coming either. I guess my randomizer this time just had cars on the brain. Because we've talked about LKQ, recycling parts. We went over your Citron that your mother has retained. We talked about putting that little device in your car and it's watching you as you drive and scoring you and giving you money or taking it away in your insurance. If you had to unload your car tomorrow, Yasser, would you list it yourself?
1:00:33Would you take a cash offer online? Or would you drive to a dealer and maybe see what they're going to give you on the spot? Yeah, I would do anything but drive to a dealer. I'm sorry. Not option three. No Animus Again City dealerships out there. Not at all. Sounded alone. Yeah, definitely online. All right, so you're online. Yeah. You're online, okay. And have you visited any online auto marketplaces in the last year or two? Are you thinking about unloading or making a trade? I did visit websites. Actually, not websites. It's just one website. It's my go-to, which is Carvana. That's my go-to car dealership.
1:01:13Carvana, though, not CarGurus. No, no. Ticker symbol C-A-R-G. I'm going to say right now, it's not as big or well-known as Carvana, but CarGurus is an online auto marketplace that helps shoppers find cars and helps dealers and private sellers find buyers. It has a pricing engine where it assigns an instant market value. Let's go with the acronym here, guys, an IMV, and badges like great or good or fair deal. It's got days on market for each of the cars, and history filters will build trust with buyers beyond listings. It does offer instant cash for sellers, a digital wholesale platform for dealers.
1:01:57Yasser El-Shimi, since we've been talking so much about cars, let's close it out here with stock number 10. Now, in advance, Yasser, you're going to need this one. And if you get it, we're tie-breaking to a dramatic 11 stock, which will determine who is in our final four this coming March. Yasser, what is your stated market cap range for CarGurus, ticker symbol C-A-R-G? My range would be$6 billion to$11 billion. $6 billion to$11 billion. I'm not going to play any more head games or tilt anything. I'm just going to turn to players at home right now and Andy Cross and say, do you want to agree or disagree?
1:02:35Yasser said$6 billion to$11 billion. This is tricky because I know Yasser knows Carvana because he's a smart analyst. But I'm going to disagree with Yasser on this. And you were right to do so. So Andy Cross will be entering the final four for March market cap madness because it was a little smaller. In fact, quite a bit smaller. It was$3.59 billion. This is a company that's gotten a few fool plugs here and there. We haven't done great for members with this particular stock. And in fact, I don't think we're really covering it too much anymore. It was launched in Cambridge, Massachusetts. It does operate internationally, even though it's kind of a small company.
1:03:17It's in Canada and the UK. But more to the point, about$3.6 billion market cap. And Yasser, you're 6 to 11. A game try. But Andy was right. It was outside that range. Yasser, cars. Well, fun fact, David. Do you know that most Americans would rather be audited by the IRS than actually visit a car dealership? I just did. You were just audited by the IRS? I had to visit some dealerships, and I can empathize with that sentiment. Yeah. I mean, it's hard to build a brand or a sustainable business, although Carvana has kind of created excitement and a little bit more fun and pleasure. CarMax, which has been a longstanding recommendation of mine, I don't think it's been a great performer.
1:04:02It's had some good periods, but this is a difficult industry. Right. It's a very difficult industry. It's actually one of the largest industries in the U.S. that is not consolidated by any major player. So Carvana, I believe, has just surpassed CarMax to become the largest retailer of cars in the U.S. Wow. But having said that, I believe their market share is still at only 3 % or so. So there's still quite a runway ahead. Thank you for that, Yasser. And thank you both. The final accounting is then this. Andy Cross, 6. Yasser Elshimi, 4. I will say, Andy, it was quite a comeback. Like it was 3-3, and you just caught fire there near the end.
1:04:50But Andy and Yasser and I know we're not playing this game for each other. We're playing for you. How did you score? Dear Fool, dear listener at home, we hope that you outscored all of us. The purpose of the Market Cap Game Show is to make more popular, I'm never going to say as popular as Jeopardy, but to make more popular market caps. The real value of stocks on the market that most people don't understand because they just look at the price per share. Except that you now do understand because you just listened to us for an hour and I hope you scored at least a few points this week and maybe beat one or both of our competitors.
1:05:24Yasser and Andy, you both distinguished yourselves and helped make the world a bit smarter, happier, and richer. or maybe a final line or send-off from you each. Yasser? Forza Roma. In addition to that, this is your La Liga. No, no, my Serie A. My Serie A, that's my favorite team in Italy. Yes, excuse me. See, I keep not getting the world of international soccer quite right, although I'm trying, but I'm failing constantly at it. So Forza Roma. Forza Roma. Okay, I'm with you there. Would you like to tell one more joke? You had an amazing one. Oh, my God. I think our audience has had enough of my jokes.
1:06:09All right, we'll turn back. Andy, a final sentiment from you. Our third seat in our final four. Well, I'm excited for that, and it was a great Yasser, as he expressed in so many intelligent remarks about so many of the companies, even the ones that the die rolled in my favor. He still provided such intelligence there. It didn't seem right. And I just provide dumb jokes like this one. So I went to the doctor and I told him I broke my arm in two places. He told me not to go there anymore. Oh. Yeah, okay. I'm with you there. Next week, our September mailbag. Our email address is rbi at fool.com. You can tweet us on Twitter X at at RBI podcast.
1:06:52This has been such a fun week. It's a really special week too because I'm slightly distracted by my book which finally came out after 15 years of keeping notes and writing it. So thank you guys for making this special in many ways for me and for all that you both do for Motley Fool members. I hope everybody had fun. Have a great week ahead. Fool on! As always, people on this program may have interest in the stocks they talk about, and The Motley Fool may have formal recommendations for or against. So don't buy or sell stocks based solely on what you hear. Learn more about Rule Breaker Investing at rbi.fool.com.
1:07:28Thank you.
From the publisher
Welcome back to our quarterly Market Cap Game Show! Two past champions—Andy Cross and Yasser El-Shimy—take the stage to test their market-cap mettle (and yours) across ten public companies, vying for a spot in the 2026 March Market Cap Madness World Championships. From tech titans and international hotel brands to down home Texas fare and online car shopping, the matchups run from familiar to delightfully unexpected—plus plenty of banter.
Can you outscore Andy, Yasser, or both? Play along, challenge your market cap intuition, and discover the surprising values of companies you know and love (and maybe a few you’ve never heard of!).
Companies mentioned: ASR, CARG, CEG, CME, GOOG, LKQ, MAR, NXPI, PGR, TXRH
Sign up for The Motley Fool’s Breakfast News here: www.fool.com/breakfastnews
Order David’s Rule Breaker Investing book here: https://www.amazon.com/gp/product/1804091219/
Host: David Gardner
Guests: Andy Cross, Yasser El-Shimy
Producers: Bart Shannon, Dan Boyd
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