This is one of those trades that comes along that has strong odds. I've been holding since 165 in May in anticipation for future rate cuts.
Builders FirstSource, Inc. engages in the supply and manufacture of building materials, manufactured components and construction services to professional homebuilders, subcontractors, remodelers and consumers. It's the largest U.S. supplier.
- Rate cuts are around the corner which means home sales will start accelerating which creates more demand for construction.
- Last week's core CPI was low, but PPI was not which means BLDR's prices are not coming down/deflationary.
- The action the last few sessions shows the market was way oversold on this one.
- YoY growth has been negative since rates started climbing in '21. The growth cycle is about to begin.
- Excellent company that is well run.
https://www.tradingview.com/symbols/NYSE-BLDR/
https://www.macrotrends.net/stocks/charts/BLDR/builders-firstsource/revenue
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