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It has been removed from plain crusing in my Shares and Shares ISA in 2025. A handful of my US-listed progress shares have fallen considerably, notably Novo Nordisk (-21%) and The Commerce Desk (-32%).
Fortunately, these laggards have simply been offset by shares doing very nicely. Listed here are three of the standout performers which have been driving wealth in my ISA this 12 months.
Uber
First up is Uber Applied sciences (NYSE: UBER), whose shares are up a stunning 46% 12 months up to now.
The ride-hailing and meals supply big continues to serve up spectacular progress. Journeys in Q1 rose 18% 12 months on 12 months to 3bn, supporting a 14% enhance in income to $11.5bn (+17% on a relentless forex foundation).
One factor that attracted me to the corporate is its asset-light mannequin. CFO Prashanth Mahendra-Rajah says Uber has “a number of levers in our management to generate industry-leading money move progress.” We’re seeing this play out — quarterly free money move surged 66% to $2.3bn.
Arguably the most important threat right here stays Tesla‘s plans for a large-scale robotaxi community. Whereas Uber’s partnering with dozens of robotaxi corporations world wide, Tesla’s indicated it plans to go it alone with its personal consumer-facing app. That might someday siphon off customers from Uber.
My very own view is that it will likely be years earlier than such a robotaxi community challenges Uber on a worldwide scale. Elon Musk has described Europe as a “layer cake of rules and paperwork“, which suggests synthetic intelligernce-powered robotaxis received’t be navigating the busy streets of London and Paris anytime quickly.
I feel Uber has years of progress left within the tank and I plan so as to add to my holding on dips.
Duolingo
Subsequent, now we have language studying agency Duolingo (NASDAQ: DUOL). I solely purchased this inventory at the beginning of 2025, so it’s good to see it up 59% already.
I’ve been banging on about this inventory for some time, so I received’t repeat myself. However the firm had 49% extra day by day lively customers (46.6m) in Q1 than it did final 12 months, and grew income 38% to $230.7m.
A recession may affect subscriber progress or world journey (and due to this fact the need to be taught a language). The inventory’s additionally very dear.
However long term, Duolingo is pursuing an enormous market (2bn language learners), whereas utilizing generative AI to drive effectivity beneficial properties and create unprecedented quantities after all content material.
MercadoLibre
Lastly, e-commerce and fintech powerhouse MercadoLibre (NASDAQ: MELI) has been doing the enterprise (once more) this 12 months. Shares of Latin America’s largest firm — and my second-largest holding — are up a formidable 47% in 2025.
Of the three, I might say MercadoLibre inventory seems probably the most engaging proper now. Granted, a price-to-sales ratio of 5.6 and ahead price-to-earnings a number of of 51 don’t scream worth. And the agency faces competitors from Amazon in e-commerce and Revolut and Nu Holdings in fintech.
However MercadoLibre’s income are forecast to greater than double by 2027. And solely 15% of retail spend in Latin America is on-line at the moment. As the opposite 85% shifts from bodily commerce to digital over the following couple of a long time, MercadoLibre seems arrange for lots extra progress.
In the meantime, adjoining alternatives in cashless funds, digital banking and e-commerce market promoting seem plentiful. I feel MercadoLibre’s price contemplating.
