Beacon Roofing Supply Inc. (NASDAQ:BECN)

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Strategy Session September 6th, 2017

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  • champ: $BECN and $SUM ...both should beat and raise on 10/30/after.
  • champ: $BECN.....$95, this Roofer could be starting a Pre-earnings move and they will be reporting their earnings on 10/30/after.
  • champ: $BECN...at $95, next is $105 and then a New Leg will start, up the Chart, this #Roofer, that also furnishes roofing supplies, has so much work to do, it will take at least a year or so.....they will be moving men and equipment into areas also where they are needed, is my guess. ....This low volume stock is a keeper. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
  • DavidK: @champ $BECN #Roofer, makes sense but not big as Much work as you would think . Big issue is most of these damaged properties are from flood and no insurance coverage. A lot of these people can’t afford to rebuild . It’s gonna be a mess . But hey we can always send more money to Ukraine and illegals . That seems to solve everything 😂
  • champ: @DavidK $BECN #Roofer, ...all of those homes need Roofs... after those Hurricanes and Tornados and Yes many need new homes after those areas that were flooded...... .....and also, this company is now going into their best season of the year for them, the #rainy-season is just now starting and all homes need roofs, the many Old ones will also have to be replaced and the also the New homes that are being build....... ....this should be a safe stock, that has many new and old reasons to keep on zigzagging higher. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
  • DavidK: @champ $BECN #Roofer, #rainy-season Based earnings estimates this is trading at 12 Pe or so . Cheap but not sure what the Pe averages are for these type companies .
  • champ: $OC..is HOD..strong,...Hurricane stock, $BECN also....kind of No-brainers, for the ones that hold, their Working-capital, is working for them.
  • champ: $GNRC $HD $LOW $OC $BECN...these stocks had some nice moves off of their LOD's this morning.
  • billyzeke: @champ $GNRC $HD $LOW $OC $BECN I have some $HD, wishing I had bought $GNRC this morning. PS- Thanks for binging $GTLS to my attention Friday, it's doing well today too.
  • champ: @billyzeke $GNRC $HD $LOW $OC $BECN......Yes $GTLS is a keeper and I'm also holding a few other swings in the Energy-sector, will continue holding as long as the sector doesn't reverse on me........... ....and for now, these hurricane stocks look OK, but they are zigzaggers......... .... however as we all know, we just Never know what type of Market-moving #News is going to pop-up next....so, we have to stay alert. Good Luck! ~~~~~~~~~~~~~~~~~~~~~~~~~
  • billyzeke: @champ $GNRC $HD $LOW $OC $BECN $GTLS #News something just popped....
  • champ: @billyzeke $GNRC $HD $LOW $OC $BECN $GTLS #News....Yes...I saw that...
  • champ: $OC $BECN....both had a strong close, right below their HOD's.
  • champ: $HD $LOW $OC $BECN.....these Hurricane stocks are still in play, however I took profits on $GNRC, which might be a mistake.
  • billyzeke: @champ $HD $LOW $OC $BECN $GNRC Speaking of hurricanes and generacs...this is day four for us without power and I'm thankful my elderly parents have a generac back up system running right now. We lost power here at 9:31 am friday morning just after the market open and soon thereafter our internet service. Thankfully we were spared most of the massive flooding so many others in nearby North Carolina and Tennessee have suffered but we did get a lot of wind and hundreds of downed trees. Our internet was restored within 24 hours and they say we should be getting power back by midnight tomorrow. So thankful that my family is safe knowing that so many others have lost everything. Prayers for everyone affected by this storm.
  • champ: @billyzeke $HD $LOW $OC $BECN $GNRC .....Yes a lot of damage has been done, we are all happy to know that your family is safe and that many will be getting their power back-up, however in many areas they won't be as lucky and in some areas, it is really bad and many have loss everything.
  • champ: $HD $LOW $OC $BECN $GNRC....so far all 5 of these swings are working nicely.
  • champ: $HD $LOW...#Hurricane-trades, expect zig-zags......others are $BECN $OC, I have safety stops in place, swings into next week.
  • champ: @bigbartabs ....$LOW $HD $OC $BECN $GNRC.....Yes the Set-up is, these stocks are hurricane plays and others, with a lot of zig-zags, along the way.
  • champ: @phgruver $GNRC $HD $LOW $OC $BECN....Yes sir exactly and we have seen this movie play out in the Forum, over the years... many times before...and nothing has really changed. ....Hurricane seasons officially starts on June 1st and ends on November 30th, however some years it can get started late. ~~~~~~~~~~~~~~~~~
  • champ: $OLLI $BURL and many others are working....#Retailers..... and #Home-Builders, along with everything else in that sector, are working....$MTH $MHO $CCS and all of the others...plus $BLDR $BLD $OC $BECN...plus many others..... ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
  • champ: Nice-turn....$BECN...Beacon Roofing & Supply, will be reporting their earnings on Thursday after the close...I'm Trailing. >>>>>>>>>>>>>>>>>
  • champ: $BECN....#Beacon-Roofing-and-Supply.....New position...on a #Pre-earnings more, they will beat and I will be holding this position into their earnings....they will report on 5/2/after..... ...should Bounce again on Monday...... ...and $OC just beat....
  • champ: $OC is on a #Pre-earnings move...and it little brother $BECN is following with great News flow.
  • champ: $OC $BECN $CSL $NAIL...always need is Entry-Timings, thats all you really need.
  • joelsg1: $BECN New roof tiles delivered to my new roof project. E tonight, implied move about $5.75, broke out from 50d last week, Stephens to $98. Small long.
  • champ: @joelsg1 $BECN...I'm still holding my swing, however I'm down to 1/2 size now.
  • champ: $BECN...is also HOD...they are on a real nice #Pre-earnings move, ER is on Tuesday, 2/27/after, 3 trading Days left before they report, looks like it is trying to #Break-out.... ..........I'm also holding $OC.
  • champ: $BECN...this Roofer has.... 7 real nice Green shingles, #Pre-earnings
  • joelsg1: @champ $BECN #Pre-earnings I am reroofing a SoCal house after the latest deluge and a large Beacon truck is here right now bringing supplies up a motorized ramp to roof. They say they're busy.
  • champ: @joelsg1 $BECN #Pre-earnings.......Thanks, thats good to know, 13 stairs now.......
  • champ: $BECN...15 stairs now....
  • champ: @TraderGeekSam $SPY $QQQ....#Thanks and thats nice to know Sam and I have some very nice trades going on over here also...on a few Stocks that are bouncing off of their LOD's........$TQQQ $BECN $OC $GTLS $BCC $CMC $KNF $SUM $OLLI $ARM $MGM $CZR $AXON and they might continue. LOL
  • champ: @woodman $DOOR $OC #Pre-earnings #surprised ......I'm holding both and I guess I'm going to maybe hold my 150 shares of $OC into their earnings and I'm also holding the same $$$ amount in $BECN.
  • woodman: @champ $DOOR $OC $BECN #Pre-earnings #surprised - Congrats on DOOR! That's a great thing to wake-up to on a Friday.
  • champ: @woodman $DOOR $OC $BECN #Pre-earnings #surprised....However I saw $OC first and then I saw $DOOR..a few seconds later.....
  • champ: $BECN....had a #Flash bounce on the open, that fell right back and I'm still holding this swing and I'm also still holding $OC.
  • champ: $BECN...#HOD...#Beacon-Roofing, they sell all of the roofing-supplies and Siding & Gutters, plus they do all of the #installations in the U.S. and Canada....see their Website, for all that they do and they do everything. ....Don't miss this #Pre-earnings move and they will be reporting their earnings on 2/27/after.
  • debeers: $ARDX the Woodie gift that keps on giving $BECN/$CAT- Loans fior housing increasing. $FANG/$MTDR-Refilling the petroeum reserves $FDX-Nice buyback and i think it puts a floor under the stock $LRCX-You don't see $LRCX offering to build a facotry in Israel because $LRCX calls its own shots $SCHW- Bought when Bettinger did at 50 and 49. Here's the axiom---Heads of cos sell for many reasons: College for kids/ walletectomies(-divorces)/buying homes. THEY ONLY BUY FOR 1 REASON- THEY BELIEVE THEIR STOCK WILL GO UP.
  • debeers: $AMZN/$ANF/$ARDX-forever grateful to Woodie for this one/$BECN/$CLF/$COST-shut up! you'll be getting a 15 buck special divvie and their parfking lot oozed into 3 other buildings/ $CRM/$NOW-@DAN forst spotted this one---nice get/ $PANW.
  • champ: $BECN...$85.03....this great company, will be reporting their earnings after the close today...see their Website for all that they do...... ...I just got-in with 400 shares....and I'm looking for something before the close, I will take anything....... ...and I lust might hold a small gamblers position, into their earnings, maybe... #if-I-like what I see, maybe some insiders will move in. I have been working/trading this stock.....and I'm up about $4k, so I have some $$$ to work with.
  • champ: $BECN....had a miss and as we all know, only the other #guy, is always right, when holding a stock into earnings...so I had NP........ .....however all the $$$ are usually made, after an earnings miss...but Not all the time, so always have to Wait and See..... on how it plays out in the morning, because thats alway the play...... .....and having #patience, is always the best way to play this game...... Before placing a Bet.
  • champ: $BECN....up 11.38% today, this is a real nice #Growth-stock and as of today, this is my only #swing Investment position..... .....see at their Website and then look at their last #Investors-Presentation, for my reason why I'm swinging this position.....and it is because their business is Growing fast, with huge BackLogs, of $1.59 billion $$$........ ....and their summer months, are their main season for huge Profits. ....My short-term price target for this year is $45.00 or higher and that price target could happen before or right after their next Earnings report.
  • champ: My post below should be on $ROAD and #Not $BECN...I dropped in the wrong stock.
  • champ: $BECN....they will be reporting their Earnings on Thursday, after the close.
  • champ: $BECN $BLDR...I also took profits on both...and I'm ending the day with No swing positions.
  • champ: $BECN....they are on a #Pre-earnings move....they will be reporting on Thursday, 8/3/after/confirmed. ...I posted info previously, for those who want to take a look.
  • champ: $BECN....everything is zigzagging....so No-plan = No-Profit.
  • champ: $BECN....these guys are going to have Blow-out Numbers on 8/3/after confirmed.....and for that info all we have to do is look at what $OC said...$OC is #Owens-Corning....it's going to be a No-brainer for $BECN earnings report.
  • champ: $BECN is at $83.50....#Beacon-Roofing-Supply, check out this company......because $OC reported strong earnings and need to #read what they reported on their earnings.....
    ......because the Set-up is......
    ..they reported strong earnings because both ...
  • woodman: @champ $BECN $OC $BLDR #Beacon-Roofing-Supply #read #Pre-earnings #sell-everything #Construction-Contractors - $BLDR reports 8/2 bmo.
  • champ: @woodman $BECN $OC $BLDR #Beacon-Roofing-Supply #read #Pre-earnings #sell-everything #Construction-Contractors.......Exactly, so you need to Check-out what they said on their last ER-report......you and I have been following them for a long time....and as you know they are always in play, on their earning reports. LOL
  • woodman: @champ $BECN $OC $BLDR #Beacon-Roofing-Supply #read #Pre-earnings #sell-everything #Construction-Contractors - Yes.
  • Docoof: Some Building and Construction Products/Materials stocks that made new 1-yr highs on Friday: $CRH $SUM $BECN $DOOR $EXP $BLD $FBIN $MAS $FBIN $VMC $MLM $IBP $OC $TGLS $CNM $AMWD $AZEK $USLM $NX $SSD $LPX $BCC $PGTI $MWA $ATKR $BLDR $BXC (Many noted by champ, woodman, et al.)
  • champ: $OC..#Owens-Corning is a manufacture/supplier, in the roofing/insulation sector...$BECN.....Roofers are going to be busy.....Trade-able, Watch for Entries...however as we all know, all stocks, they all like to do that zig-zag dance.
  • jpoko13: 3 alerts hit so far...$AZPN, $BECN, $LYB
  • champ: $BECN...HOD-L.
  • champ: both are Green...$OC $BECN....
  • champ: $OC...still working but drop on 11/26 and is now back at around that $92 $$$ level and $BECN is also working today on an upgrade and all Roofers have to buy their roofing products from a company like $OC...so...for Roofing and Installation products, could look at $OC...
  • champ: @wanda1616 $GNRC --- $OC $BECN.....When you like a stock that has already moved, look for others that also have positive housing reasons, ...could even have weather related reasons also...like $OC or $BECN and there are others also, maybe think about turning the Music on and dancing around a little, also being diversified helps a little.
  • wanda1616: @champ $GNRC $OC $BECN thx for the advice. alice in chains. : )
  • champ: $OC and $BECN....both of these stocks are working, in the Housing sector...Investment positions.
  • JosephM: $BECN...worth a look. I've been selling this morning. Didn't have cash to buy $NNDM like I wanted, rookie mistake. Like $VIPS.
  • lostsheep: $BECN $GLUU $TTWO 2x inside days Not the greatest setups but worth setting alerts
  • bRobert: $OC Daily/WEEKLY C&H $75 high base / $100 targets 60% upside Not too shabby $BECN $30/$50 targets 60% upside too ............ Jinx
  • bRobert: @bogiedog1 $POOL The water is nice Nice small cap housing winner Keeps company with $LII. $BECN. others
  • bRobert: $NAIL. Closed near HOD W. near 50d. Pinching a bit $50+. target. to start Stop < LOD Many other individual names to choose from the usual suspects. $LOW. $$HD. $OC. $TREX. $AMWD. 200% upside. Long term. $BECN. $OSB 50%v upside $TPX. c&h. $100. target. close to 50%
  • bRobert: $EEM Small h&s top $42.50 neckline Could be retest of inverse h&s breakout OR $40 target with trigger $LOW High base target $124 May not be done Partials at the least were in order $OC flag $70 with trigger Longer term hold $BECN $38 W target flag
  • bRobert: $BECN Look for phase 3 $38+
  • bRobert: @champ $OC These small caps get knocked around $BECN another
  • bRobert: $TREX $OC $BECN Strong Look for pb/b TREX very bullish set up
  • bRobert: $OC . Continuation of bo . $67+ $BECN . Roofers busy $HOV . Short squeeze . Flag . $22 . with trigger/stop just below flag . . Alerts .
  • bRobert: $BECN Squeezing
  • bRobert: $BECN Squeeze continues. $LOW little cup/flag <50d Reports 5/22 Long from below . No edge over earnings $120/$130 targets Partial position.
  • bRobert: $BECN Getting tighter $46+ with upside resolution That can pay for a new roof and more
  • bRobert: $BECN . Squeeze continues $LII . $300+ . with breakout
  • bRobert: $BECN squeeze Long from below
  • bRobert: $LII Very strong. Ascending triangle. $290+ target LONG term hold. $BECN Pinching
  • bRobert: @debeers $HD I will "just" trade the chart. Positive price action. I like the WEEKLY . I'll let this well managed franchise deal with the other stuff. Cream of the crop. Bullish action in other housing related . eg . $LII . $MHK . $BECN . Lots of storm, ,flooding related repairs must be done. Interest rates coming in should help also
  • bRobert: $LII New all time hi. Strong stock. Go figure. Housing green shoots $BECN . Squeezing a bit
  • bRobert: $BECN Bullish price action. c&h. Long from below $46 target.
  • bRobert: $BECN Pop on partnership $46 c&h target Long $MHK positive price action High base/flag
  • bRobert: $MHK flag The floor is likely in . $142+ target $BECN $46 target Flag over $38 neckline
  • bRobert: $BECN . Another small cap housing related Big reversal on the WEEKLY . $50 target Daily c&h/flag $45 target Earnings acceleration. Reports 5/7 .
  • champ: ...
    .....I back out of this roofer supplier $OC, on the open because of what $BECN, said about the unfavorable weather....they couldn't work in many areas and they guided lower. I also took profits on $BLD.
    .......Building Permits were only report dow ...
  • bRobert: $BECN $MHK $FND . $LII . $LGIH . $AMWD . $TTC . $BCO . $HD . flag . Sunny housing related on a rainy day
  • bRobert: $MHK set up. $BECN recovered nicely $LII flag. $SHW flag $480 + mm target
  • bRobert: $LII nh WEEKLY breakout Long term hold $MHK phase 3 $BECN rebounding after gap/crap $TREX coming back
  • bRobert: @Bret $TREX . Rode it up from $67 . I will hold 1/3 or 1/2 . Look at reaction to $BECN to fully understand the possibilities even with a good report
  • bRobert: $MHK . Gap filled . More upside. $150 target 1 $BECN .regroup after earnings gap and crap . $42 + $LII $245 close/$265 $TREX . $85 $LGIH . $68
  • bRobert: $BECN . Putting the roof back on $LGIH . Very healthy consolidation. 50d cross and rendezvous with consolidation . Liftoff to follow $78+ . long term Holding
  • bRobert: @debeers $HD $MHK $MAS Add $BECN $TREX $LII
  • bRobert: $LGIH . My favorite chart of the builders. VERY high targets Very strong . Extended Scale in slowly $78+ . target . Huge upside $BCO . $HD . $LOW $TREX $BECN . pin action in $XHB
  • bRobert: $BECN Continues to work . Nice run from the mid $20's. $41+ from Series of Bullish patterns triggering, completing. and in progress
  • bRobert: $BECN . Watching for flag trigger . $41 . target . Long
  • bRobert: $BECN . $MHK . Flags .
  • bRobert: $ALRM . Flag/pop . Higher long term . targets. $BECN . Watching pullback for bounce. Phase3 type move.
  • bRobert: @champ $OSB $XHB A lot of pin action expected with the upturn in housing. $LII . $BECN . $TREX $ALRM . $BCO etc
  • bRobert: $WYNN . double bottom bounce with + divergences. Trade. $BECN . Tightening up >50d . \ $TCEHY . Tightening up > rising 50d. Any positive trade developments will lead to outperformance in $FXI related issues after 25% beat down. Expect more government $$ stimulus and relaxed lending.
  • tnt: $BECN another name hit with higher rate fears but should have tailwinds with spending from hurricane and infrastructure rebuild. Insiders have been buying recently as well. Was $66 just earlier this year. Bargain bin. I am a buyer here. https://www.tradingview.com/chart/BECN/JZfas8wN-BECN-bullish-falling-wedge-Insider-buying-Pushing-higher/
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Stock Price $118.42
Change 1.62%
Volume 1,291,910

Beacon Roofing Supply, Inc, is a distributor of residential and non-residential roofing materials in the United States and Canada.

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