Jim Cramer on QXO: "I Like the Roofing Business"

QXO, Inc. (NYSE:QXO) is one of the stocks Jim Cramer recently expressed his thoughts on. A caller inquired about the stock, and Cramer commented:

“All I know [is] that’s a Brad Jacobs company. I am a believer in Brad Jacobs and what he’s going to do as a consolidator for roofing. And I like the roofing business.”

QXO, Inc. (NYSE:QXO) supplies a broad range of roofing, siding, waterproofing, and building materials, along with related tools and equipment, serving contractors, distributors, and suppliers. During the September 15 episode, Cramer mentioned the company and said he is not going against Brad Jacobs. He commented:

“Alright, this is a Brad Jacobs company. Brad Jacobs’ money. I’m not going to go against him. I’m going to go with him. You should buy the stock.”

Furthermore, earlier in July, Cramer made the following commented on QXO, Inc. (NYSE:QXO):

“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.