The Federal Reserve launched the first of several expected interest rate cuts in its September meeting, making a larger-than-anticipated half-percentage-point reduction. The real estate market, plagued by issues including insufficient supply relative to surging demand and mortgage rates that have risen dramatically since their COVID-era lows, stands to benefit from the rate cut. In the days following the Fed's announcement, rates on 30-year fixed-rate mortgages dropped to just over 6.1%, their lowest rate i ...

The latest trading session saw Builders FirstSource (BLDR) ending at $193.01, denoting a -1.43% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily gain of 0.25%. Meanwhile, the Dow gained 0.2%, and the Nasdaq, a tech-heavy index, added 0.56%. Heading into today, shares of the construction supply company had gained 11% over the past month, outpacing the Retail-Wholesale sector's gain of 5.28% and the S&P 500's gain of 1.65% in that time. Investors will be eagerly wa ...

The most recent trading session ended with Builders FirstSource (BLDR) standing at $194.52, reflecting a +0.32% shift from the previouse trading day's closing. This move outpaced the S&P 500's daily loss of 0.29%. Elsewhere, the Dow saw a downswing of 0.25%, while the tech-heavy Nasdaq depreciated by 0.31%. Shares of the construction supply company witnessed a gain of 18.12% over the previous month, beating the performance of the Retail-Wholesale sector with its gain of 4.15% and the S&P 500's gain of 1.57% ...

A month has gone by since the last earnings report for Builders FirstSource (BLDR) . Shares have added about 10.5% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Builders FirstSource due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Builders FirstSource's Q2 Earning ...

When trying to figure out where the economy is going (let alone the stock market), investors often throw a handful or three indicators to keep track of without knowing which is accurate and which is not. So, to keep all the noise out, investors can trust the data tested by one of Wall Street's best investors, Stanley Druckenmiller. He has quoted that, as recently as the beginning of COVID-19, two sectors can provide investors with a reliable gauge to give the Federal Reserve a run for its money in predictin ...

When trying to figure out where the economy is going (let alone the stock market), investors often throw a handful or three indicators to keep track of without knowing which is accurate and which is not. So, to keep all the noise out, investors can trust the data tested by one of Wall Street's best investors, Stanley Druckenmiller. He has quoted that, as recently as the beginning of COVID-19, two sectors can provide investors with a reliable gauge to give the Federal Reserve a run for its money in predictin ...

Momentum refers to how far a stock's price has moved in a given time. For the most part, stocks stay within their average or typical range. If the price exceeds this range, the stock is considered to be overbought. Three popular momentum indicators on the following chart show that shares of Builders FirstSource, Inc. BLDR are overbought. This is why it's our Stock of the Day. It's important to know when a stock is overbought. These stocks tend to reverse and move lower. But traders need to exercise caution. ...

Key Takeaways The S&P 500 added 1.2% on Friday, Aug. 23, after Federal Reserve Chair Jerome Powell indicated the central bank is prepared to lower interest rates. Powell's remarks helped drive gains for companies in rate-sensitive industries, including construction materials, ocean cruises, and solar power. Intuit shares tumbled after the financial software firm reported a surprise quarterly loss. Major U.S. equities indexes climbed in the week's final trading session as Federal Reserve Chair Jerome Powell ...

Builders FirstSource (BLDR) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Over the past month, shares of this construction supply company have returned +0.1%, compared to the Zacks S&P 500 composite's -4.8% change. During this period, the Zacks Building Products - Retail industry, which Builders FirstSource falls in, has lost 2.9%. The key question now is: What ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-40620 BUILDERS FIRSTSOURCE, INC. (Exact name of registrant as specified in its charter) Delaware 52-2084569 (State or other jurisdiction of ...