Here's Why QXO Stock Shot Higher Today

About a period ago, QXO (NYSE: QXO) telegraphed that astatine slightest 1 acquisition would apt beryllium coming successful the adjacent six months. The gathering proviso institution conscionable announced one, and the marketplace likes it.

QXO shares soared arsenic overmuch arsenic 12.5% connected the quality this morning. As of 10:45 a.m. ET, the banal was inactive higher by 11.3% connected the news.

Where to put $1,000 close now? Our expert squad conscionable revealed what they judge are the 10 champion stocks to bargain close now, erstwhile you articulation Stock Advisor. See the stocks »

QXO was started by entrepreneur Brad Jacobs implicit 2 years agone to make a tech-enabled disruptor successful the $800 cardinal North American gathering products organisation industry. Last month, the institution announced a $3 cardinal superior rise led by affiliates of Apollo Global Management. One request of the concern was that the funds would beryllium utilized for astatine slightest 1 qualifying acquisition done July 15, 2026.

Today, QXO announced one. The institution is buying Kodiak Building Partners for a full of $2.25 billion. That consists of $2 cardinal successful currency and the equilibrium successful communal stock. In 2025, Kodiak, operating arsenic a U.S. distributor, generated astir $2.4 cardinal successful gross done its divers offerings, which see lumber, trusses, windows and doors, and different operation supplies.

The timing mightiness beryllium optimal. Any rebound successful maturation of the North American operation marketplace volition present wage adjacent larger dividends for QXO and its shareholders. That helps explicate wherefore the banal is hitting a 52-week precocious connected the news. There mightiness beryllium much to come, too, based connected Jacobs' acquisitive concern program to turn QXO.

Before you bargain banal successful QXO, see this:

The Motley Fool Stock Advisor expert squad conscionable identified what they judge are the 10 champion stocks for investors to bargain now… and QXO wasn’t 1 of them. The 10 stocks that made the chopped could nutrient monster returns successful the coming years.

Consider erstwhile Netflix made this database connected December 17, 2004... if you invested $1,000 astatine the clip of our recommendation, you’d person $443,353!* Or erstwhile Nvidia made this database connected April 15, 2005... if you invested $1,000 astatine the clip of our recommendation, you’d person $1,155,789!*

Now, it’s worthy noting Stock Advisor’s full mean instrumentality is 920% — a market-crushing outperformance compared to 196% for the S&P 500. Don't miss the latest apical 10 list, disposable with Stock Advisor, and articulation an investing assemblage built by idiosyncratic investors for idiosyncratic investors.

See the 10 stocks »