QXO

Class A shares of the Alger Capital Appreciation Fund outperformed the Russell 1000 Growth Index during the second quarter of 2026. Nebius Group has positioned itself as a leading next-generation cloud provider purpose-built for machine learning and high-performance computing workloads. Netflix's shares detracted from performance during the quarter despite first-quarter results that beat on revenue and held full-year guidance intact.

A short-term focus on housing weakness has driven QXO to be undervalued if it can continue its consolidation of the building products distribution market. Strong CEO in Brad Jacobs, who has a superb track record of industry consolidation with previous ventures: United Rentals and XPO Inc., both returned >6,000% since their IPOs. I rate QXO a "Buy" at $15 or below, driven by strong EBITDA growth associated with the official closing of the TopBuild acquisition on July 1, 2026.

QXO, Inc. has completed its $17B TopBuild acquisition, creating an $18B revenue platform with nationwide reach. Despite integration risks and near-term losses, QXO trades below its acquisition price for TopBuild, presenting a compelling long-term value opportunity. Management targets $4B organic EBITDA by 2030, with a clear blueprint for procurement synergies, technology rollout, and cross-selling across its diversified portfolio.

Mar Vista's U.S. Quality strategy returned +12.71% net-of-fees in the second quarter of 2026. Top Q2 portfolio contributors were GE Aerospace, Amphenol and Taiwan Semiconductor Manufacturing; top detractors were Netflix, Intuit and QXO. Looking ahead, we believe the investment environment is becoming increasingly differentiated.

Investors interested in stocks from the Technology Services sector have probably already heard of NTT (NTTYY) and QXO, Inc. (QXO). But which of these two stocks is more attractive to value investors?

NYSE issues a pre-market daily advisory direct from the trading floor. NEW YORK, July 8, 2026 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor.

GREENWICH, Conn. & DAYTONA BEACH, Fla.--(BUSINESS WIRE)--QXO, Inc. (NYSE: QXO) (“QXO”) and TopBuild Corp. (NYSE: BLD) (“TopBuild”) today announced the results of TopBuild stockholders' elections regarding the form of merger consideration (the “Merger Consideration”) to be received in connection with QXO's acquisition of TopBuild (the “Transaction”). As previously disclosed, the deadline for making an election was 5:00 p.m. Eastern Time on June 29, 2026 (the “Election Deadline”). The parties exp.

GREENWICH, Conn.--(BUSINESS WIRE)--QXO, Inc. (“QXO”) (NYSE: QXO) announced today the expiration and final results of the previously announced tender offers and consent solicitations (collectively, the “Tender Offers and Consent Solicitations”) by QXO's wholly-owned subsidiary, Titanium MergerCo, Inc., a Delaware corporation (the “Company”), for the (i) $500.0 million aggregate principal amount of outstanding 4.125% Senior Notes due 2032 (the “2032 Notes”) and (ii) $750.0 million aggregate princ.

GREENWICH, Conn.--(BUSINESS WIRE)--QXO, Inc. (“QXO”) (NYSE: QXO) announced the early tender results of the previously announced tender offers and consent solicitations (collectively, the “Tender Offers and Consent Solicitations”) by QXO's wholly-owned subsidiary, Titanium MergerCo, Inc., a Delaware corporation (the “Company”), for the (i) $500.0 million aggregate principal amount of outstanding 4.125% Senior Notes due 2032 and (ii) $750.0 million aggregate principal amount of outstanding 5.625%.

With a $17-billion bet on TopBuild Corp. NYSE: BLD, QXO Inc. NYSE: QXO is positioning itself to be one of the biggest building products companies in the country. Besides a direct investment in QXO, investors might take a hard turn away from QXO and look at one of the biggest competitors, Installed Building Products, Inc. NYSE: IBP.