Because the timing of labor market displacement is so uncertain, Muddy Waters recommends using derivative exposure to take a bearish view on corporate credit.
Because the timing of labor market displacement is so uncertain, Muddy Waters recommends using derivative exposure to take a bearish view on corporate credit.
QXO, Inc. ( QXO ) announced on Wednesday that it has completed its acquisition of Kodiak Building Partners from Court Square Capital Partners. The company said the deal price for the Colorado-based building-products distribution and acquisition platform was approximately $2.25B. The purchase price comprises $2.0B of cash and 13.2 million shares, with QXO ( QXO ) retaining the right to repurchase t...
QXO, Inc. ( QXO ) announced on Wednesday that it has completed its acquisition of Kodiak Building Partners from Court Square Capital Partners. The company said the deal price for the Colorado-based building-products distribution and acquisition platform was approximately $2.25B. The purchase price comprises $2.0B of cash and 13.2 million shares, with QXO ( QXO ) retaining the right to repurchase those shares at $40 per share. Kodiak Building Partners' core model is to acquire or partner with independent building-material companies and provide them with capital, systems, and support. The company says it operates about 110 locations across 26 states. Kodiak generated around $2.4B of revenues in 2025 as a U.S. distributor of lumber, trusses, windows and doors, construction supplies, waterproofing, roofing, and complementary exterior products, as well as value-added assembly, fabrication, and installation services. Notably, the addition of the business is anticipated to expand QXO's ( QXO ) addressable market to more than $200B and be highly accretive to 2026 earnings. "By acquiring Kodiak, we’re providing our customers with a wider range of product offerings and value-added services. In addition, we expect the deal to be highly accretive to 2026 earnings, and we remain on track to achieve our goal of $50 billion in annual revenue," highlighted CEO Brad Jacobs. Shares of QXO ( QXO ) are up more than 40% over the last 52 weeks. More on QXO QXO Inc.: A $30 Billion Dream Still Waiting For Execution QXO rated Outperform in new research coverage at BNP Paribas Key deals this week: Schroders, QXO, Valaris, and more Seeking Alpha’s Quant Rating on QXO Historical earnings data for QXO
Judge says in verdict against Ben Jamal and Chris Nineham that conditions imposed were lawful and necessary Two prominent leaders in the Palestine solidarity movement in Britain have been found guilty of breaching protest conditions. Ben Jamal, 62, the director of the Palestine Solidarity Campaign (PSC), and Chris Nineham, 63, vice-chair of the Stop the War Coalition, were accused of failing to co...
Judge says in verdict against Ben Jamal and Chris Nineham that conditions imposed were lawful and necessary Two prominent leaders in the Palestine solidarity movement in Britain have been found guilty of breaching protest conditions. Ben Jamal, 62, the director of the Palestine Solidarity Campaign (PSC), and Chris Nineham, 63, vice-chair of the Stop the War Coalition, were accused of failing to comply with conditions imposed on a protest on 18 January 2025. They were subsequently charged with public order offences. Continue reading...
Jonathan Kitchen Dispersion in U.S. equity returns has risen to its highest level since 2020, pointing to a more favorable environment for stock pickers, according to a Bank of America note citing FactSet data. The spread between top- and bottom-decile performers over the past three months has climbed back above its long-term average, reversing a prolonged period of compressed dispersion that had ...
Jonathan Kitchen Dispersion in U.S. equity returns has risen to its highest level since 2020, pointing to a more favorable environment for stock pickers, according to a Bank of America note citing FactSet data. The spread between top- and bottom-decile performers over the past three months has climbed back above its long-term average, reversing a prolonged period of compressed dispersion that had limited opportunities for active managers. Historically, such elevated dispersion has been associated with “abundant alpha,” as wider performance gaps allow investors to differentiate more effectively between winners and losers. The data shows dispersion fluctuating sharply over time, with notable spikes during periods of market stress or macro uncertainty, including the early pandemic years. More recently, dispersion had remained subdued, reflecting a narrow market led by a handful of megacap technology stocks. The latest uptick suggests that market leadership may be broadening, creating a more supportive backdrop for active strategies. Periods of lower dispersion—labeled as “scarce alpha”—tend to coincide with index-driven rallies, where stock selection plays a smaller role in returns. More on markets The Stock Market Is Whistling In The Dark Stasis In The U.S. Labor Market: A Peculiar Situation The Market Can Still Climb This Wall Of Worry - But Not Yet Stocks hedge funds love AM Markets Need to Know: Trump to address nation, multi-task Siri feature, and more
(RTTNews) - Shares of Berkeley Group Holdings plc (BKG.L, BKGFY, BKGFF) were declining around 14 percent in the London trading after the property developer and house-builder Wednesday updated its strategy, suspending new land purchases and reducing investments. Further, the firm
(RTTNews) - Shares of Berkeley Group Holdings plc (BKG.L, BKGFY, BKGFF) were declining around 14 percent in the London trading after the property developer and house-builder Wednesday updated its strategy, suspending new land purchases and reducing investments. Further, the firm