The Latest Breaking News from Builders FirstSource

Builders FirstSource, a supplier of materials for residential homes, is IBD Stock Of The Day. BLDR stock is actionable today.

Upgrades

The bear market provides an opportunity for investors to buy shares of high-quality companies at attractive valuations. Below are 3 such stocks that investors should consider buying during this market correction: Elevance Health (ELVH), Pfizer (PFE), and Builders FirstSource (BLDR).

Fastenal (NASDAQ: FAST) came out with quarterly earnings of $0.50 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.42 per share a year ago. These figures are adjusted for non-recurring items.

Builders Firstsource shows rising price performance, earning an upgrade to its IBD Relative Strength Rating

According to Benzinga Pro, during Q1, Builders FirstSource (NASDAQ:BLDR) earned $639.64 million, a 44.57% increase from the preceding quarter. Builders FirstSource also posted a total of $5.68 billion in sales, a 22.57% increase since Q4.

If history is any guide, there may be trouble ahead for shares of Builders FirstSource (NYSE:BLDR). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.

Builders FirstSource Inc (NYSE:BLDR) reported first-quarter FY22 sales growth of 36.1% year-on-year to $5.68 billion, beating the consensus of $4.60 billion. Double-digit core organic growth, commodity inflation, and acquisitions drove the top-line growth. The gross profit rose 71.3% to $1.8 billion and the gross profit margin expanded by 670 basis points to 32.3%.…

  Builders FirstSource (NYSE:BLDR) reported its Q1 earnings results on Tuesday, May 10, 2022 at 06:30 AM. Here's what investors need to know about the announcement.

The home improvement industry has been one of the biggest beneficiaries of the COVID-19 pandemic. Home renovation retailers gained significantly as prolonged indoor stays encouraged people to consider restyling and remodeling their homes. Furthermore, a growing inclination to transform homes and boost living/working comfort continues to propel the industry’s growth.…

The near-term market outlook remains cloudy. While the S&P 500 is about 3% above its late-February lows, the Nasdaq and Russell 2000 have already undercut these levels. Below are 3 such stocks that investors should consider buying during this market correction: Anthem (ANTM), Pfizer (PFE), and Builders FirstSource (BLDR).