The company is clearly in growth mode. Lou has followed the markets for more than two decades, developing extensive contacts including industry leaders, consultants, regulators, and labor representatives. The S&P 500 fell 4%, while the Nasdaq Composite dropped 5.5%. Previous Rating. When prices are dropping like flies, now is the time to do your research and buy at a discount. Shares of Trex Co. (NYSE:TREX) were trading down 6% on Tuesday afternoon, and were initially down by more than 10%, after the composite-wood manufacturer reported third-quarter results. Consumer Cyclical. Trex investors could do with a bit less of this "fun." The Dow Jones Industrial Average was inching higher Tuesday morning, as the Nasdaq Composite ticked lower, potentially ending its … 15.88 P/S. Trex Company, Inc. (NYSE:TREX), the world’s number-one brand of composite decking and railing and leader in high-performance, low-maintenance outdoor Trex Company’s 2-For-1 Stock … Author: … If this coronavirus causes a full-blown economic slowdown or recession, purchases of consumer discretionary products like new decks could be put on hold. Trex's stock split on Monday, September 14th 2020. The Dow Jones Industrial Average futures fell 320 points and the S&P 500 futures fell about 26 points. Hold/Sell. The 30-stock average, dragged down by a 7.7% drop in Apple, is on track for its worst day since June. 10 stocks we like better than Trex When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Get the latest Universal Display Corporation (OLED) stock news and headlines to help you in your trading and investing decisions. Is TREX A Good Stock To Buy? The S&P 500 fell more than 2 percent while the tech-heavy Nasdaq composite dropped 3 percent. Company Statistics. What Wall Street doesn’t want to admit is that … The Dow Jones index closes above 30,000 for the first time amid string of positive news. Dow Jones drops: Why global markets are down today - stock markets PLUNGE on opening THE Dow Jones index plummeted by more than 1,500 points last … Image source: Getty Images. Long-term-focused investors should hold on through the downturn. So what. Market heavyweights did much of the labor in taking the Nasdaq to an eighth consecutive gain. He spends a lot of time these days focused on the industrials and financials. The S&P 500 fell more than 2 percent while the tech-heavy Nasdaq composite dropped 3 percent. EARLY GENERATION TREX Early-generation composite decking (Trex Origins®, Trex Accents®, Trex Profiles®, Trex Brasilia® and Trex Contours®) represented a breakthrough for low-maintenance and durability. Compare key indexes, including Nasdaq Composite, Nasdaq-100, Dow Jones Industrial & more. Stock Advisor launched in February of 2002. The company generated earnings that came in ahead of consensus, but revenue was a little light, and Trex signaled a seasonal slowdown heading into the fourth quarter. The Dow recorded its worst one-day point drop in history. Trex is vulnerable to a downturn in new construction or renovation spending. ; CNN … And as noted, it's expanding capacity late in the economic cycle, and at a time when competitors are launching their own composite-wood products. As a long-term holder I remain optimistic Trex has a bright future, even if near-term challenges or a potential recession do cause some volatility. After markets closed Monday, Trex reported third-quarter earnings of $0.72 per share, ahead of the $0.68 consensus, despite revenue that at $195 million was nearly $15 million shy of expectations. When not arguing on Twitter or writing about the markets, Lou spends his free time out in nature, complaining online about the Baltimore Orioles or Watford FC, or listening to early 1990s alt rock. So if you're like me, you might be more interested in profitable, growing companies, like Trex Company . Down, up, down. The Nasdaq Composite pulled back by 1.9% to close at 12,338.95. Wall Street Stock Market & Finance report, prediction for the future: You'll find the TREX share forecasts, stock quote and buy / sell signals below.According to present data TREX's TREX shares and potentially its market environment have been in bearish cycle last 12 months (if exists). I can't predict what the next few days, months, or quarters will look like, but I remain bullish on the long-term prospects for Trex and its composite decking product. Europe's stock markets closed deep in the red today. The S&P 500 Index was down 0.49% at 11:52 AM ET, while Tesla was leading Nasdaq’s 0.76% drop at the same time. Signs mounted all summer that the meteoric rise in the stock market was unsustainable. In France, the CAC 40 dropped 3.4%. Overview - FTSE 100 - FTSE constituents prices, list of FTSE constituents and news Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Learn more. View real-time stock prices and stock quotes for a full financial overview. It is dangerous to over-describe why a stock or a group of stocks move at any given time. Why Terex (TEX) Stock Is Falling Today. Market participants attribute the drop to investors pulling cash out of their gold investments to counter their losing stock investments. $77.17. But the shares came crashing back on Monday, a risk-off day for markets. He spends a lot of time these days focused on the industrials and financials. Trex also cut full-year capital spending guidance by $10 million, to between $65 million and $70 million, due to timing of actual cash payments related to the company's $200 million capacity expansion project. Why Trex Stock Dropped 10% After Beating Earnings This Morning Trex stock went down, came up a bit -- but is going down again after hours. "We continued to experience robust demand for our residential decking products in the third quarter," CEO James E. Cline said in a statement. Read full article. There was no company-specific news for the composite-wood manufacturer, but the market is punishing highfliers as fears of a COVID-19 coronavirus-induced recession continue to mount. 14 Wall Street analysts have issued ratings and price targets for Trex in the last 12 months. Please go ahead. The 30-stock average, dragged down by a 7.7% drop in Apple, is on track for its worst day since June. Trex stock bounced around a lot today. Lou Whiteman (TMFeldoubleu) ... Why Trex Stock Rose 26% Last Month Today BP announced a payout of 10.25 cents for the quarter, and the stock is currently forecast to yield 6.2%, although with relatively thin cover of 1.2 times earnings. Is TREX A Good Stock To Buy? Conversely, a loss-making company is yet to prove itself with profit, and eventually the sweet milk of external capital may run sour. Given the current economic conditions, the stock's healthy recent run, and the less-than-expected revenue growth, some investors might have seen it as a good time to take some profits. The high price target for TREX is $75.00 and the low price target for TREX is $49.00. 51.8 P/B. Even after Monday's sell-off, shares of Trex are still up more than 32% over the past year and up 264% over the past five years, beating the S&P 500 by 31 percentage points and 230 percentage points, respectively. Global recession risks could lead to a 20% pullback in technology stocks, according to investor Paul Meeks. Stock Market News. Trex Co. Inc. TREX 74.68 0.05 (0.07%). Net income for the third quarter was $42 million, up more than 40% from the $29 million in net income reported in the third quarter of 2018. Their average twelve-month price target is $66.12, predicting that the stock has a possible downside of 12.57%. Shares of Trex have fallen today, down by 6% as of 12:35 p.m. EDT, after the company reported second-quarter earnings. Get today's stock futures, stock market commentary, stocks to watch, analyst upgrades and more. Signs mounted all summer that the meteoric rise in the stock market was unsustainable. Div. A pullback could even result in the stock falling by as much as 15%. When not arguing on Twitter or writing about the markets, Lou spends his free time out in nature, complaining online about the Baltimore Orioles or Watford FC, or listening to early 1990s alt rock. Whether you’re convinced or not, the key takeaway here is that every stock gets hit in a bear market, but not every stock deserves the blow. Market Cap. Author: Amanda Schiavo. Trex Company tick the boxes in terms of its scale, financial health and proven track record, but there are a few other things I have yet to consider. An analyst's downgrade is weighing on the medical device stock. ET started to resemble the 2010 flash crash at … Good afternoon, and welcome to the Trex Company First Quarter 2020 Earnings Conference Call. Asian stock markets are falling U.S. markets look set for a lower open on Monday as China continues to try to contain the coronavirus. An investor that had 100 shares of Trex stock prior to the split would have 200 shares after the split. Publish date: Today's Trex decks resist blemishes with an innovative, high-performance shell that wraps around three sides of our deck boards. In the face of being in the red today for losing -3.26%, in the last five days TREX remained trading in the green while hitting it’s week-highest on Thursday, Jul 09 when the stock touched $135.32 price level, adding 7.14% to its value on the day. Price. The drop by the Dow was bad enough during most of the trading day, but the dive that happened around 2:40 p.m. Concerns that the U.S. economy would start to weaken without more fiscal stimulus caused a late-day selloff. The newly minted shares were payable to shareholders after the market closes on Friday, September 11th 2020. Us markets have followed Europe and Asia down. Global recession risks could lead to a 20% pullback in technology stocks, according to investor Paul Meeks. Growth - P/E. The Nasdaq Composite dropped 2% to 10,919.59 after surging as much as 1.4%. It also announced a 2-for-1 stock split… See you at the top! TREX stock: Trex Company Inc Current Rating. Everything you need to know about the stock market today. Our Strong Buys double the S&P500! WINCHESTER, Virginia and BOISE, Idaho, Nov 12, 2020 – Trex Company (NYSE: TREX) and Albertsons Companies (NYSE: ACI) are elevating their shared commitment to sustainability with a special recycling effort to divert plastic waste from landfills. The technology-focused Nasdaq Composite Index declined by as much as 4.3%. Cline said he expects net sales to fall to about $160 million in the fourth quarter, which would still represent 14% growth compared to the same three months of 2018, and "modest" sequential gross-margin expansion. TREX | Complete Trex Co. Inc. stock news by MarketWatch. Hold/Sell. Once again, no bad news, only good news. The S&P 500 Index was down 0.49% at 11:52 AM ET, while Tesla was leading Nasdaq’s 0.76% drop at the same time. Apple … Morning Brief. Now, I'm not saying that the stock is necessarily undervalued today; but I can't shake an appreciation for the profitability of the business itself. Shares of Trex (NYSE:TREX) were down about 9% around 3 p.m. on Monday, a miserable day for markets. Market data powered by FactSet and Web Financial Group. Trex Company, Inc. Common Stock (TREX) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. Keep in mind that Trex stock had ... the company got off to a very rough start after dropping like a spent meteor from the $1500-per-share level in 2000. Shares of Trex (NYSE:TREX) were down by more than 8% at noon EDT Tuesday after the manufacturer of recycled wood decking reported first-quarter earnings that … Trumponomics. Trex has been an outperformer in recent months, up 44% year to date even with Tuesday's slide, and the company came into earnings season priced for perfection. The S&P 500 has fallen 5.21% to 2,397.79, while Dow Jones is down 5.22% at 20,129.70. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. As the Dow and broader stock market careened toward their ugliest drop of the year Monday, analysts blamed the sell-off on negative coronavirus headlines. Get the latest Trex Company, Inc. (TREX) stock news and headlines to help you in your trading and investing decisions. Stock quote and company snapshot for TREX COMPANY INC (TREX), including profile, stock chart, recent news and events, analyst opinions, and research reports. — Yun Li Let's conquer your financial goals together...faster. These latest quarterly results do nothing to change my outlook. This is a quality company with a compelling product. Trex Company, Inc.’s shares saw a change of 39.81% in year-to-date performance and have moved -0.96% in past 5-day. As the Dow and broader stock market careened toward their ugliest drop of the year Monday, analysts blamed the sell-off on negative coronavirus headlines. After three straight days of gains, US stock indexes are under pressure today. All three averages also touched fresh intraday records. I would now like to turn the conference over to Viktoriia Nakhla. What happened. The earnings seemed solid, so why are shares of Trex down on Tuesday? See you at the top! The Nasdaq Composite ended down 12.3%. The defense bill that will pass over a possible presidential veto has an extra $1B for additional F35’s for all three services. Trex has been a rare standout in a tough market, with its shares hitting a new high last week. Shares of Trex (NYSE:TREX) were down about 9% around 3 p.m. on Monday, a miserable day for markets. Earlier in the session, the Dow was up more than 100 points. The Nasdaq has lost 4.33% to drop to 7,017.38. Returns as of 12/12/2020. The S&P 500 fell 4%, while the Nasdaq Composite … Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. There was no company-specific news … The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. Morning Brief. It's also possible spooked investors were looking to take profits in one of the few stocks that have weathered the coronavirus sell-off up until now. Terex (TEX) stock is lower after the company issued a statement saying it cut its 2014 full year earnings guidance. Nasdaq Composite futures indicated a drop of 41 points at the open. Cumulative Growth of a $10,000 Investment in Stock Advisor, Why Shares of Trex Are Falling Today @themotleyfool #stocks $TREX, This Home Improvement Stock Is Up 70% This Year, but One Expert Says It's Worth Buying Now, Trex Company Inc (TREX) Q3 2020 Earnings Call Transcript, Trex Company Inc (TREX) Q2 2020 Earnings Call Transcript, Copyright, Trademark and Patent Information. Of course, all of Trex … The 2-1 split was announced on Monday, August 3rd 2020. ; The S&P 500 finished down nearly 12%. 6:08 a.m. [Operator Instructions] Please note this event is being recorded. Find the latest stock market trends and activity today. Terex (TEX) stock is lower after the company issued a statement saying it cut its 2014 full year earnings guidance. It was the fourth decline in five sessions for the major averages. Market data powered by FactSet and Web Financial Group. Stock Market News. Why Shares of Trex Are Falling Today Earnings were solid, but apparently not strong enough. Among these funds, Broad Bay Capital held the most valuable stake in Trex Company, Inc. (NYSE:TREX), which was worth $31.5 million at the end of the third quarter. Apple , Microsoft , Alphabet and Amazon were all sharply lower. Britain's FTSE 100 closed down 2.6%, while Germany's DAX fell nearly 4.2%. Lou Whiteman, The Motley Fool. The company has enjoyed solid growth in its composite decking product, which now makes up roughly one-fifth of total decking installations, and was seen as a potential beneficiary of the coronavirus scare should consumers decide to stay at home, and perhaps renovate, instead of taking vacations this summer. TREX Co., Inc. () Stock Market info Recommendations: Buy or sell TREX stock? Albertsons Cos., which operates nearly 1,700 pharmacies, has collected more than 54,000 pounds of bulk medication dispensing bottles, the contents of which … Real time Trex (TREX) stock price quote, stock graph, news & analysis. Find the latest Trex Company, Inc. (TREX) stock quote, history, news and other vital information to help you with your stock trading and investing. Shares of DexCom (NASDAQ:DXCM) were slipping 6.3% lower as … "Growth was led by the appeal of the Trex brand and the value proposition our products represent, strong demand for the new Enhance product line and positive market conditions.". NYSE Updated Nov 30, 2020 4:47 PM Why Terex (TEX) Stock Is Falling Today. Stock Advisor launched in February of 2002. The technology-focused Nasdaq Composite Index declined by as much as 4.3%. After three straight days of gains, US stock indexes are under pressure today. ... Why Shares of Trex Are Falling on Tuesday. Let's conquer your financial goals together...faster. Among these funds, Broad Bay Capital held the most valuable stake in Trex Company, Inc. (NYSE:TREX), which was worth $31.5 million at the end of the third quarter. Why That’s Bad News for the Stock Market. Composite "wood" manufacturer Trex put up Q4 2019 financial results that were really fantastic, with sales leaping 18% and profits soaring 41% year over year. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. The Nasdaq composite climbed to a record high Tuesday before the stock market faded into the close. Revenue was up 17% over the comparable period in 2018, led by a 24% increase in residential product sales. Lou has followed the markets for more than two decades, developing extensive contacts including industry leaders, consultants, regulators, and labor representatives. A high-level overview of Trex Company, Inc. (TREX) stock. Why Trex® Trex Outperforms Wood Our high-performance composite deck boards are engineered to resist fading, scratches and stains, and eliminate time-consuming maintenance so you’ll never step foot in the stain aisle again. The Nasdaq Composite closed up 0.29% for its seventh straight positive day in eight, hitting a new intraday and closing high; The Nasdaq crossed 10,000 for the first time ever at … 8.51B Sector. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. Cumulative Growth of a $10,000 Investment in Stock Advisor, Why Shares of Trex Are Falling Today @themotleyfool #stocks $TREX, 3 Hot Stocks Cashing in on the Great Outdoors, 18 Stocks Cashing In on the Suburbanization Trend, Copyright, Trademark and Patent Information. This story gets even stranger. Apple , Microsoft , Alphabet and Amazon were all sharply lower. Returns as of 12/12/2020. Why Terex ( TEX ) stock is lower after the market closes on Friday, 14th. Capital may run sour the technology-focused Nasdaq Composite Index declined by as much as 1.4 % Jones &... A discount did much of the labor in taking the Nasdaq Composite pulled back by 1.9 to! Stocks we like better than Trex when investing geniuses David and Tom Gardner have stock. Saw a change of 39.81 % in year-to-date performance and have moved -0.96 % in past 5-day an opportunity ask. 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