QXO, Inc. (NYSE:QXO) is one of the stocks in focus in Jim Cramer’s latest lightning round. During the lightning round, a caller inquired about the stock, and Cramer said:
“Alright, this is a Brad Jacobs company. Brad Jacobs’s money. I’m not going to go against him. I’m going to go with him. You should buy the stock.”
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QXO, Inc. (NYSE:QXO) supplies a wide range of roofing, siding, waterproofing, and construction materials, along with related tools and equipment, serving contractors, distributors, and suppliers. In a July episode, Cramer discussed the stock in light of the Big Beautiful Bill. He stated:
“So if the Senate’s version of the Big Beautiful budget Bill, which makes the mortgage reduction permanent, ends up passing, then it’s obvious you should be buying the housing stocks because this market is run by Captain Obvious and you can get ahead of Captain Obvious. Throw in that there’s a buyer of anything housing related, a vehicle called QXO run by Brad Billionaire Jacobs, hostile or not, and you got a pretty darn good story.”
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Disclosure: None. This article is originally published at Insider Monkey.