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.
BLDP
BLDP PumptardednessA lot of my followers are trying to short pumptarded stocks like AAPL, TSLA, etc.
Having been around during the Dot Com era, I want to let my followers know that pumptardedness can last a long time.
Here's an example, BLDP was in bubble mode for 10 months, took an entire year to collapse and eventually traded around 50 cents before moving back up. And they still don;t make a profit, lol.
ADDED $BLDP New Target 34.19 for 31.10% $BLDP Target 34.19 for 31.10%
Or next add level is at 18.17
Wow wow wow this market is shitty. I do love these kinds of opportunities and honestly it's times like this that you just stick to the strategy and the huge payoff will come. It sucks, yeah... i want a bull market always, but it is part of the game. Added here and it's a good place to add more soon.
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
ADDED $BLDP NEW Target 35.47 for 23.25% $BLDP Target 35.47 for 23.25%
Or next add level is at 22.09
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
PLUG- Future of hydrogen clean energy is uncertainPLUG is arguably the leader of hydrogen fuel cell company. However, there are several concerns that need to be addressed.
#1. Hydrogen clean energy is still at the proof-of-concept stage and the natural gas industry seems to be its biggest advocate. Hydrogen gas is emission-free only if it's made by electrolysis from renewable energy.
#2. Currently, major renewable technologies include hydroelectricity, solar PV and wind power. Unlike solar and wind power, hydrogen doesn't occur naturally and needs to be manufactured from natural gas. This means that the significant time and cost will go toward setting up expensive infrastructure, storage and distribution networks making hydrogen power much harder and much more expensive to scale compared to solar and wind.
#3. Personal transport is one of the biggest application of the hydrogen, yet FCEV (Hydrogen) is steadily losing ground against BEV (Battery Electric Vehicle). The falling battery price and EV tax credit will only accelerate the adoption of EV, further widening the gap between FCEV and BEV.
#4. Sky high valuation and recent accounting issues.
I'm ambivalent toward PLUG and other fuel cell companies in general. However, I think it is a speculative bet and a good candidate for the swing trade given that one of the focuses of Biden's 2.25 trillion infrastructure plan is renewable power and that investors just love to throw their money on anything related to green energy due to the global decarbonization initiative that aims to reduce the CO2 emission by 50% in 2030.
I would initiate a small long position inside the demand zone. Conservative play is to set the target at the daily POC and exit completely. Alternatively, you can sell 50% and keep the remaining position as the potential long-term holding.
Do your own research. Not the investment advice.
$BLDP Target 36.71 for 22.29% Or next add level is at 23.33$BLDP Target 36.71 for 22.29%
Or next add level is at 23.33
I did not add here today... Just charting and Targeting
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
Potential Top in PLUGBefore I start, I want to make clear I am not a permabear. I've been long PLUG, FCEL, and BLDP at varying times of this bull run via commons and calls. They've been great. But this chart pattern has the look of a top. For candlestick nerds (like me) out there, this has the potential for a Dumpling Top. PLUG exploded 100%+ in six trading days (on a closing basis) and has since put in a bunch of relatively small candles. An attempt higher on 01/26 on lower volume unsurprisingly failed. The following day it gapped lower and closed on the lows on higher volume. In order to confirm a Dumpling Top, a gap down is required. And looking at how the market closed Friday and the way the crypto markets are trading currently, I wouldn't be surprised if we get that gap down on Monday.
This could certainly morph into a high tight flag setup, but I think the current conditions warrant caution. PLUG closed Friday below the 10-day EMA. I'm currently long UVXY, TWM, and PLUG puts. Good luck next week!
$BLDP Long Into Gap Fill & to New Highs$BLDP is looking to fill a gap up to $18 after a double bottom around $14. $BLDP is a fuel cell stock with peer stocks $PLUG $BE $FCEL; I am long the group of these stocks and want to highlight $BLDP here. Especially interesting with $BLDP is the daily TTM Squeeze momentum turning positive after a large selloff & subsequently negative momentum; I am looking for this momentum to flip above the 0 line and continue a longer term trend higher.
Also of note related to fuel cell stocks are EV stocks here. I continue to be bullish and long $SHLL $SPAQ $NIO $WKHS $FUV $TSLA, etc.
Just look at the setup on $SPAQ