GMS Inc. sees stock surge due to competing bids from Home Depot and QXO

From Yahoo Finance: 2025-06-21 09:00:00

Stock futures are slightly higher as markets react to President Trump’s announcement of a 2-week pause on potential military action against Iran. Brent crude is around $77 per barrel. The Fed’s cautious tone has investors uncertain about a September rate cut. UBS warns of stretched equity valuations and potential volatility.

Investors are in wait-and-see mode ahead of the weekend. S&P 500 futures are up 0.23%, Nasdaq futures up 0.32%, and Dow futures up 0.27%. GMS Inc. and QXO surge after reports of Home Depot’s bid for GMS, potentially sparking a bidding war. EON Resources rises 1% after acquiring interests in the Permian Basin.

CarMax is up 10%, Darden up 3%, and Kroger up 1% after earnings. No companies mentioned are down after earnings. Check out TheFly for more market-moving news and insights.



Read more at Yahoo Finance: GMS Inc. jumps after report of competing suitors