Jim Cramer Hesitates to Bet Against QXO CEO Brad Jacobs
Jim Cramer expressed reluctance to bet against QXO, Inc. (NYSE:QXO) despite its stock decline, citing CEO Brad Jacobs' track record. QXO reported $3.25B in Q2 revenue, up 70% YoY, driven by acquisitions like Beacon Roofing and Kodiak. The company aims for $50B+ annual revenue long-term. Challenges include integration complexities and market volatility. 83 hedge funds held stakes in Q2, with Orbis as the largest shareholder.




