Jim Cramer on QXO: 'I am Going With Brad Jacobs'
QXO, Inc. (NYSE:QXO) is one of the 11 stocks that Jim Cramer recently commented on. A caller asked if it was a good time to start a position in the stock or if they should hold off. Cramer replied:
'I am going with Brad Jacobs. He's the Houdini of people. He's a billion… how to make a billion. Makes a billion when he walks down the street. He makes a billion when he looks out the window. I want to be in his billionaire train.'
A construction site with workers wearing hard hats and safety vests, installing roofing materials.
QXO (NYSE:QXO) supplies a variety of building materials, including roofing systems, siding, waterproofing solutions, insulation, and construction tools. The company provides asphalt, metal, wood, and tile roofing, as well as exterior and interior building components. Tsai Capital stated the following regarding QXO, Inc. (NYSE:QXO) in its Q4 2024 investor letter:
'We initiated a position in QXO, Inc. (NYSE:QXO) at approximately $11 per share. Under the leadership of Brad Jacobs, the company is in the early stages of executing a bold plan to consolidate and disrupt the $800 billion building products distribution industry. Having previously invested in two of Brad's highly successful ventures, United Rentals and XPO Logistics, Tsai Capital is excited to support his latest endeavor.
While we acknowledge the potential of QXO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.
Disclosure: None.
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