QXO - QXO Inc.

Tanner is down 24% on QXO but believes it's a long-term play (2-3 years). He considers it a 'two-year, three-year play' and is not selling despite short-term pain.

Host sees long-term value in QXO despite rate sensitivity; praises management and AI focus, expects stock to rip higher in next cycle.

Tied to interest rates. Host did not buy for short-term. Likely to hurt portfolio for next two quarters. If oil prices stay low, might have a chance. May trade out or rebalance if thesis changes.

Building distribution company, trading potential, sniped from Steve who is a big believer, host has been looking to add to real portfolio

Host notes QXO trades almost in tandem with SoFi and will benefit from rate cuts through more mortgages and new home buyers. Part of the rate cut macro trade.

Host believes QXO (building products, owned/run by Brad Jacobs) is trading way too low versus its future growth prospects. Sees it as a resilient business that will still need buildouts regardless of AI disruption.

Bull on QXO but need to be patient. Was $27/share not long ago. Earnings continue to do very well and will improve when rate cuts come and housing market begins to move again.

Host discusses QXO's earnings miss ($1.73B vs $1.76B expected revenue) and Brad Jacobs noting softness in building products. He acknowledges it's a long-term story but the macro environment (rate hike expectations) is unfavorable. He's not selling his position.

Host has QXO on watch list, potentially first non-tech name in portfolio. Discusses vertically integrated building products company with recent acquisitions of Kodiak and Top Build ($17B). Trusts Brad Jacobs but wants to do more research.

Tanner is researching QXO after Brad Jacobs announced the $17B TopBuild acquisition. He's impressed by Jacobs' track record but needs to do more work. He expects to have a verdict by end of next week.