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TOPBUILD CORP

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BLD trade ideas

TopBuild Corp (BLD) Steady Momentum TopBuild Corp (NYSE:BLD) released its earnings report on October 31, 2023, revealing a 9.0% increase in net income for the third quarter of 2023. The company's sales rose by 1.9% and operating profit grew by 6.6% compared to the same period in 2022. Financial Highlights TopBuild Corp (NYSE:BLD) reported sales of $1,326,120, marking a 1.9% increase. The company's gross margin improved by 130 basis points to 31.7%, while its operating profit rose by 6.6% to reach $237,492. The net income for the quarter was $167,602, a 9.0% increase, and net income per diluted share was $5.27, up by 10.7%. Performance of Business Segments Both the Installation and Specialty Distribution segments reported mid-single digit volume growth related to the commercial and industrial end markets they serve. The Installation segment reported sales of $821,673, while the Specialty Distribution segment reported sales of $571,009. Acquisitions and 2023 Outlook TopBuild Corp (NYSE:BLD) has completed four acquisitions expected to contribute approximately $173 million in annual revenue. The company's 2023 outlook projects sales between $5,130 million and $5,210 million, and adjusted EBITDA between $1,025 million and $1,055 million. TopBuild Corp (NYSE:BLD) is a leading installer and specialty distributor of insulation and related building material products to the construction industry in the United States and Canada. Price Momentum BLD is trading in the middle of its 52-week range and near its 200-day simple moving average. Investors are still evaluating the share price, and the stock is still trying to generate some momentum. This is a neutral sign for the stock's future value.
NYSE:BLDLong
by DEXWireNews
Pull Back?Dark cloud cover appeared today, for now. Candles can change quickly if buyers come in. I like this stock but it can be very volatile for the sector it is in. BLD can make a large gain in one session, but can pull like a witch when it is time to go down. Why it is more volatile than many in this sector? I have no clue. I have traded it enough to feel it is though. Dark cloud cover can be powerful at a top, and is a 2 candle pattern. The first is a good sized green candle. The next day a red candle opens (open is top of red body) above the close of the green candle (top of green body). This indicates that even though price opened higher, the bulls were unable to stop price from going to or past the midline of the 1st green candle. Not always correct but many would pay attention to this candle pattern. If the cloud cover were to become an engulfing candle, it would be more bearish. On the M side of the chart, there is a candle pattern called Deliberation leading to the top of that pattern. It would be considered bearish deliberation as the candles become smaller and less bullish as price rises. The same can happen on the way down, where candles become less and less bearish, and it would be bullish deliberation. There is bullish deliberation at the bottom. It is a little odd that price is so far above the 50 day simple moving average, yet the 50 has not crossed up through the 200 as of yet. The 50 does look like it is trying and that would be a bullish crossover that many call a Golden Cross. The 50 needs to cross up and through the 100 as well. On this chart, I see an M and a W. I like an M better a W (o; I missed this one on this last leg up. I am waiting to see what happens like my sun sign, Capricorn, known to be cautious, methodical and slow. I wish I was more of a risk taker sometimes with my money. I will take a risk in a heartbeat, until it comes to money )o: No recommendation.
N
by lauralea
Pull Back Fishing Double BottomMaybe one to watch. Looks like a double bottom. If you are looking for a neckline on a pattern, often you will find it as the security often struggles at the neckline. Bottoms like inverse H&S and double bottoms etc. have a line of resistance they must break to move on. Then that line becomes support. I have noted BLD is volatile for this sector and can be a pain in the neck to trade, unless you pick a good long entry level so you do not become dissuaded. A perfect bullish belt hold should have no bottom shadow, but does have a top wick and is found at the bottom or at a pull back, not at the top. The bulls were unwilling to let price go lower. If there is no top wick or a bottom shadow, it is a Marubozu, or the candle has 2 shaven heads, which means the bulls dominated the session (price opened at a level which did not go any lower and closed at the high of that session). There is a bearish version of each of these 1 candle patterns. Green candles have the open at the bottom of the candle body and the close at the top (makes sense). The high is the top of the top wick and the low is at the bottom of the lower shadow. A red candle also has the same high and low, only the open is at the top of the candle body and the close is at the bottom of the candle body. No recommendation. It appears that this sector is experiencing difficulty right now. Sometimes when you see an ugly top, look for a pretty bottom or a bullish signal that feels good to you.(o: EPS (FWD) 10.22 PE (FWD) 19.26 TopBuild Corp. installs and distributes insulation and other building products to the United States construction industry. The company operates in two segments, Installation and Distribution. It offers insulation products, rain gutters, glass and windows, afterpaint products, fireproofing and firestopping products, garage doors, fireplaces, closet shelving, roofing materials, accessories, and other products; and insulation installation services. The company also provides various services and tools to assist builders in applying the principles of building science to new home construction, which include pre-construction plan reviews, various inspection services, and diagnostic testing; and home energy rating services. It serves single-family homebuilders, single-family custom builders, multi-family builders, commercial general contractors, remodelers, and individual homeowners, as well as insulation contractors, gutter contractors, weatherization contractors, other contractors, dealers, metal building erectors, and modular home builders. The company operates approximately 200 installation branches and 75 distribution centers in the United States. The company was formerly known as Masco SpinCo Corp. and changed its name to TopBuild Corp. in March 2015. TopBuild Corp. was incorporated in 2015 and is headquartered in Daytona Beach, Florida.
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by lauralea
1
C&HEarnings beat No Rising wedges noted Not a recommendation Good support at 129ish and 133-134ish Watching for a pullback TopBuild Corp. installs and distributes insulation and other building products to the United States construction industry. The company operates in two segments, Installation and Distribution. It offers insulation products, rain gutters, glass and windows, afterpaint products, fireproofing and firestopping products, garage doors, fireplaces, shower enclosures, closet shelving, accessories, and other products; and insulation installation services. The company also provides various services and tools that are designed to assist builders in applying the principles of building science to new home construction, which include pre-construction plan reviews, various inspection services, and diagnostic testing; and home energy rating services. It serves single-family homebuilders, local/single-family custom builders, multi-family builders, commercial general contractors, remodelers, and individual homeowners, as well as insulation contractors, gutter contractors, weatherization contractors, other contractors, dealers, metal building erectors, and modular home builders. TopBuild Corp. has approximately 200 installation branches and 75 distribution centers in the United States. The company was formerly known as Masco SpinCo Corp. and changed its name to TopBuild Corp. in March 2015. TopBuild Corp. was incorporated in 2015 and is headquartered in Daytona Beach, Florida.
NLong
by lauralea
$BLD can fall in the next daysContextual immersion trading strategy idea. TopBuild Corp. installs and distributes insulation and other building products to the United States construction industry. The demand for shares of the company still looks lower than the supply. This and other conditions can cause a fall in the share price in the next days. So I opened a short position from $110,87; stop-loss — $117,00. Information about take-profits will be later. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NShort
by KozakHlib