Exciting developments are taking place for the stocks in this article.
They’ve all surged ahead of the broader market over the last month as catalysts such as new products and positive media coverage have propelled their returns.
A highly volatile stock can deliver big gains - or just as easily wipe out a portfolio if things go south.
While some investors embrace risk, mistakes can be costly for those who aren’t prepared.
Wall Street has issued downbeat forecasts for the stocks in this article.
These predictions are rare - financial institutions typically hesitate to say bad things about a company because it can jeopardize their other revenue-generating business lines like M&A advisory.
Wrapping up Q3 earnings, we look at the numbers and key takeaways for the home construction materials stocks, including Trex (NYSE:TREX) and its peers.
Even if a company is profitable, it doesn’t always mean it’s a great investment.
Some struggle to maintain growth, face looming threats, or fail to reinvest wisely, limiting their future potential.
Shares of composite decking and railing products manufacturer Trex Company (NYSE:TREX)
jumped 4% in the morning session after BMO Capital reiterated its Outperform rating on the stock.
Investors looking for hidden gems should keep an eye on small-cap stocks because they’re frequently overlooked by Wall Street.
Many opportunities exist in this part of the market, but it is also a high-risk, high-reward environment due to the lack of reliable analyst price targets.
Shares of composite decking and railing products manufacturer Trex Company (NYSE:TREX)
jumped 3.6% in the afternoon session after UBS upgraded the stock to Buy from Neutral and raised its price target.
Shares of composite decking and railing products manufacturer Trex Company (NYSE:TREX)
jumped 3.7% in the morning session after Goldman Sachs maintained a 'Buy' rating on the company's stock, even while lowering the price target.
What a brutal six months it’s been for Trex. The stock has dropped 35.2% and now trades at $34.65, rattling many shareholders. This was partly driven by its softer quarterly results and might have investors contemplating their next move.
The stocks in this article have caught Wall Street’s attention in a big way, with price targets implying returns above 20%.
But investors should take these forecasts with a grain of salt because analysts typically say nice things about companies so their firms can win business in other product lines like M&A advisory.
Shares of composite decking and railing products manufacturer Trex Company (NYSE:TREX)
jumped 2.9% in the morning session after a board member acquired company stock, signaling insider confidence. According to a regulatory filing, Andrew Rose, a member of the company's board, purchased 1,578 shares for a total value of $55,024. This transaction followed his recent appointment to the Board of Directors. Investors often see insider buying as a positive signal, as it suggests that those with deep knowledge of the company believe its shares are set to perform well in the future.
A number of stocks fell in the afternoon session after markets faded the Nvidia rally in the morning session, as investors remained uncertain about future rate cuts.
We're back with the second episode of a new series -- 10 Years Later -- where we blast through time to check in on a five-stock sampler from 10 years in the past.
A company that generates cash isn’t automatically a winner.
Some businesses stockpile cash but fail to reinvest wisely, limiting their ability to expand.
Trex’s third quarter results drew a significant negative market reaction, with management pointing to a slowdown in consumer demand for decking and railing products after July as a primary factor. CEO Bryan Fairbanks explained that while initial signs of recovery in the repair and remodel (R&R) market were evident early in the quarter, demand weakened across all sales channels as the period progressed. Fairbanks described the operating environment as “mixed,” highlighting that the broad-based slowdown was not limited to any specific channel, and noted that increased competition in marketing spend contributed to the challenging quarter.
