$QXO

QXO Inc stock fell 7.2% to $11.24, a 52-week low, after RBC cut its price target to $18 from $27, citing weak residential roofing demand. Analysts remain mixed, with Melius initiating coverage with a Buy rating and $17 target. Broader market declines and sector concerns added to the pressure.

B. Riley upgraded Skyworks (SWKS) to Buy with a $107 price target, citing faster Qorvo deal closure. Evercore ISI upgraded Procter & Gamble (PG) to Outperform with a $166 target. Deutsche Bank upgraded Penn Entertainment (PENN) to Buy with a $25 target. StoneX upgraded Texas Roadhouse (TXRH) to Buy with a $200 target. Citi upgraded JetBlue (JBLU) to Neutral with a $4.50 target. Berenberg downgraded Nike (NKE) to Sell with a $27.50 target, citing its smaller sportswear position.

Jim Cramer discussed the housing slowdown's impact on QXO, Inc. (QXO) and Toll Brothers (TOL). QXO reported $3.25B in Q2 revenue, a $55M net loss, and plans to double EBITDA by 2030. TOL saw Q3 revenue fall 8% YoY to $2.65B and net income drop 24% to $280.1M. Cramer noted TOL's lower mortgage sensitivity due to cash buyers.

QXO Inc. (QXO) stock rose 1% after completing its $17 billion acquisition of TopBuild, ending merger arbitrage activity. The combined entity expects $18B+ revenue and $2B+ adjusted EBITDA annually. CEO Brad Jacobs anticipates $300M in annual synergies by 2030. KeyBanc lowered its price target to $28 but maintains an 'Overweight' rating, citing long-term confidence.

TopBuild Corp. (BLD) shares rose 20% after QXO, Inc. (QXO) offered $17B in cash and stock to acquire it, valuing BLD at $505 per share, a 23% premium. The deal, approved by both boards, is expected to close in Q3 2026. QXO's CEO highlighted the strategic benefits, including increased scale in the insulation sector. Retail trader interest surged for both stocks, with bullish sentiment on Stocktwits.

Michael Burry, known for predicting the 2008 financial crisis, is increasing short positions on Micron Technology, Nebius Group, SOXX ETF, and Palantir, betting against the memory chip industry. He cites increasing Chinese production capacity and potential future oversupply. Micron's forward free cash flow has surged to $130 billion. Burry also added to long positions in QXO, Build-A-Bear, Sprouts, Birkenstock, and MercadoLibre.

Michael Burry, known for his 'Big Short' bet, has increased his short position in Micron Technology (MU) and other semiconductor-related investments, citing concerns about memory producers' high valuations. He also shorted Applied Materials (AMAT) and Lam Research (LRCX). Micron's stock rose 5% to $1,096.16 on Tuesday, with a 14% gain in September. Burry's views are based on market trends and comments from industry leaders, but he acknowledges the difficulty in timing market tops.

Michael Burry increased short positions in Micron (MU), Nebius (NBIS), SOXX ETF, and Palantir (PLTR). He also added long positions in QXO (QXO), Build-A-Bear (BBW), Sprouts (SFM), Birkenstock (BIRK), and MercadoLibre (MELI). Micron is expected to report Q4 earnings on Sept. 30, with analysts forecasting EPS of $31.30 and revenue of $50.62B, according to Benzinga.

QXO (NYSE:QXO) appointed Ken West as President and COO, effective September 1. West brings experience in acquisitions and integrations from Honeywell and PPG. QXO's Q2 2026 sales rose to $3.25B, with adjusted EBITDA at $272M. The company aims to double EBITDA by 2030 and reach $50B in revenue by 2036. Despite growth, net loss widened to $282M in H1 2026. Institutional interest increased, but short interest remains high at 11.49% of float.

Michael Burry, known for 'The Big Short,' has invested in Ero Copper (ERO), QXO (QXO), Temple & Webster, Sprouts Farmers Market (SFM), and Zoetis (ZTS), avoiding the AI trend. He sees value in copper due to supply-demand imbalances and expects Ero's margins to expand. QXO's preferred shares offer a 7.4% yield. Temple & Webster's revenue grew 11% in FY2026, while SFM and ZTS have declined significantly.