Jim Cramer Discusses These 11 Stocks & Reveals Why Tech Stocks Are Down

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7. Beacon Roofing Supply, Inc. (NASDAQ:BECN)

Number of Hedge Fund Holders In Q4 2024: 53

Beacon Roofing Supply, Inc. (NASDAQ:BECN) is a roofing company that has been in the news this year due to its acquisition by QXO. Cramer has discussed the firm several times on his morning show. He has praised Beacon Roofing Supply, Inc. (NASDAQ:BECN)’s model, and after the acquisition was approved, commented that not only was the deal a result of depressed housing valuations but added that the firm would have to compete with Home Depot. Here are his latest comments:

“Beacon is roofing, and it got bought by Brad Jacobs through an entity that he created. That company’s PE was compressed because of the housing problem. But if you have really bad tariffs, and they eventually go after Canadian lumber, then you’ll regret you did any of these cause housing will crater. But if they don’t go after lumber. . .”

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