Home Depot (HD)

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There is an apparent bidding war to buy GMS Inc. Earlier this week, the company reported that it got an unsolicited proposal from QXO, Inc. – a rival building products distributor that went public in January. Home Depot has since entered the ring.

Shares of building materials distributor GMS (NYSE:GMS) jumped 26.2% in the afternoon session after Home Depot joined QXO in a bidding war to acquire the company. 

While many analysts on Wall Street have raised their price targets on GMS after The Wall Street Journal’s report that Home Depot may have submitted a competing bid against QXO, RBC Capital said the lack of details “raises questions.”

GMS stock rallies on reports Home Depot sent a buyout offer. QXO submitted a $5 billion bid earlier this week.

Home Depot wants to acquire GMS, sparking a potential bidding war with QXO in the construction materials space.

While Dow Jones futures declined by 0.16% at the time of writing, the S&P 500 futures were down 0.18%.

GMS shares soar nearly 20% in premarket trading as Home Depot enters bidding war with QXO over the $5 billion building products distributor.

Retail sales fell in May, but ETFs like ONLN, RTH, and IEDI gained as consumers spent on e-commerce, apparel, and discount retail.

Home Depot's sales offer a clear, real-time indicator of U.S. consumer health, reflecting spending trends from homeowners and professional contractors.

While profitability is essential, it doesn’t guarantee long-term success. Some companies that rest on their margins will lose ground as competition intensifies - as Jeff Bezos said, "Your margin is my opportunity".

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