Winter storm boosts demand for snow removal equipment
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 30 2026
0mins
Should l Buy QXO?
Source: Newsfilter
QXO Inc's stock rose by 5.12% as it crossed above the 5-day SMA, reflecting a positive response to increased demand for snow removal equipment due to a recent winter storm.
The winter storm has led to heightened interest in snow removal supplies, as Americans face challenges like frozen pipes and power outages. This surge in demand is expected to benefit companies like QXO Inc that provide essential equipment for snow management.
As the cold weather persists, QXO Inc may see continued growth in sales, positioning the company favorably in the market.
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Analyst Views on QXO
Wall Street analysts forecast QXO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for QXO is 30.25 USD with a low forecast of 27.00 USD and a high forecast of 35.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
10 Buy
0 Hold
0 Sell
Strong Buy
Current: 21.040
Low
27.00
Averages
30.25
High
35.00
Current: 21.040
Low
27.00
Averages
30.25
High
35.00
About QXO
QXO, Inc. is a distributor of roofing, waterproofing and complementary building products in the United States. It focuses on being a tech-enabled company in the building products distribution industry. The Company specializes in helping contractors, distributors, and suppliers streamline operations. Its technology supports every step of the supply chain, from product availability and inventory management to order tracking and customer service. As a reseller and developer of proprietary software, it tailors its tools to the specific workflows of roofing professionals and distributors. Its product categories include residential, building supplies and materials, siding, waterproofing, and commercial. Its residential product category includes asphalt shingles, metal roofing, roofing accessories, roofing insulation, slate roofing, tile roofing, and wood roofing. Its building supplies and materials product category includes exterior materials, interior materials, and tools and equipment.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Consequences of Cold Weather: The subsequent cold temperatures have resulted in issues such as frozen pipes, damaged roofs, and power outages.
See More
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- Market Opportunity: The continuous construction and upgrading of data centers are driving a surge in demand for data, propelling the semiconductor industry into a new growth phase that is expected to attract significant investment and innovation.
- Unique Positioning: A lesser-known company specializing in semiconductor products not covered by giants like NVIDIA is gradually entering the spotlight, positioning itself as a potential future stock to watch.
- Industry Outlook: Hardware suppliers for data centers are set to become the next industry leaders, akin to NVIDIA's rise, which is expected to significantly boost the stock prices and market shares of related companies.
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- Rising Bond Yields: The 10-year Treasury yield rose by 6 basis points to 4.23%, reaching a 4.5-month high, as President Trump's reluctance to nominate Hassett intensified market concerns about potential rate hikes.
- Manufacturing Data: December manufacturing production unexpectedly increased by 0.2%, surpassing expectations of a 0.1% decline, indicating economic resilience that could influence the Fed's policy direction.
- Tech Stock Volatility: Chipmakers surged on renewed optimism for AI spending after TSMC raised its 2026 capital expenditure forecast, while power suppliers fell due to pressure from Trump's policy initiatives.
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- Investor Sentiment: Investors are reportedly dissatisfied with QXO's approach to accumulating funds for mergers and acquisitions.
See More
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- Manufacturing Strength: US manufacturing production unexpectedly rose by 0.2% in December, surpassing expectations of a 0.1% decline, while November's figure was revised up to 0.3%, indicating economic resilience that boosts market confidence.
- Positive Earnings Season: In the first full week of Q4 earnings season, 89% of the 28 S&P 500 companies that reported exceeded expectations, with Bloomberg Intelligence forecasting an 8.4% earnings growth for the S&P 500 in Q4, further enhancing market optimism.
- Interest Rate Impact: Despite the stock market's gains, the 10-year T-note yield has risen to 4.19%, limiting upside potential for stocks, with the market pricing only a 5% chance of a 25 bp rate cut at the upcoming FOMC meeting on January 27-28.
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