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BLDR News12 articles
Illumina's S&P 500 Comeback Sparks $704M After-Hours Surge
Illumina's return to the S&P 500 triggered a 2.1% after-hours rally, adding $704 million in market cap, but the stock remains pricey versus analyst targets.
QXO Falls 6.6% as Housing Weakness and Share Dilution Weigh
QXO closed at $14.40 on Friday, down 6.6%, as weak housing data and a 30% increase in shares from the TopBuild acquisition weighed on the stock.
QXO Shares Slip After TopBuild Deal, 312.5 Million New Shares Enter Market
QXO stock dropped 7.5% after its TopBuild deal, as 312.5 million new shares hit the market. The company faces integration challenges and debt paydown pressure.
QXO Shares Rise as Filing Details Beacon's Key Role in 2030 EBITDA Growth
QXO shares rose 2.8% after a filing detailed that legacy Beacon is expected to generate about two-thirds of the planned adjusted EBITDA increase by 2030.
QXO Shares Slip After $17B TopBuild Acquisition as Market Awaits Integration
QXO shares dropped 5.5% to $14.42 after closing its $17B TopBuild acquisition, with S&P cutting TopBuild's rating and investors weighing integration challenges.
QXO Shares Slide as TopBuild Cash Election Floods Market with 313M New Shares
QXO shares dropped 3.5% after TopBuild holders overwhelmingly chose cash, but proration leaves them with QXO stock, creating a 313 million-share supply test.
Mortgage Rates Climb, Threatening Spring Housing Momentum
U.S. mortgage rates increased to 6.29% this week, reversing a brief dip below 6% and threatening the spring housing market's early momentum. California's median home price reached $830,370 in February, with sales remaining below 300,000 for the 41st consecutive month.
Block's Builders Bank: A Crypto Custody Play, Not a Deposit Taker
Block's application for Builders Bank is for a narrow national trust bank handling crypto custody and stablecoin transfers, not deposits or loans. Shares were largely flat, reflecting the limited near-term earnings impact.
UK Housing Market Cools: Impact on Banks and Homebuilders
UK house prices saw first annual decline since 2023, signaling a cooling market. This could impact mortgage lenders like Lloyds and homebuilders such as Barratt Redrow.
Homebuilders Rally on Cool PPI, But Lennar's Outlook Stays Weak
Homebuilder shares outperformed the S&P 500 after a flat July PPI report, but Lennar's rally faces analyst skepticism with a price target below its current price.
Mortgage Rates Dip as Markets Pause; Builders Gain Ahead of Fed Minutes
U.S. mortgage rates declined slightly, with the average 30-year fixed rate at 6.13%. Markets were closed for Presidents Day, with homebuilder equities advancing ahead of key economic data this week.
UK Housebuilders Gain on Speculation of New Government Support Scheme
Taylor Wimpey shares advanced 0.4% following a 4.9% surge, as investors anticipate a potential revival of Help to Buy. The builder has cautioned on first-time buyer demand and future margins.