Revenue was up 17% over the comparable period in 2018, led by a 24% increase in residential product sales. Get today's stock futures, stock market commentary, stocks to watch, analyst upgrades and more. Alex Klein Updated Jul. Trex stock is up Monday afternoon following the company's strong second-quarter sales due to a number of reasons. Why Shares of Trex Are Falling Today Earnings were solid, but apparently not strong enough. Brian Feroldi, The Motley Fool. Stock Advisor launched in February of 2002. 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. Trex has been a rare standout in a tough market, with its shares hitting a new high last week. Why is Cree stock falling? and Pie Five have been closing locations. 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. Ultimately, the direction of the Philippine stock market will be dictated by the global macro... Today's Stock Market News and Analysis - Nasdaq.com The Facebook stock price is falling today because of a global sell-off. Q4's sales came in 15% higher than what Trex … These latest quarterly results do nothing to change my outlook. Becton Dickinson and Co (NYSE: BDX) shares are trading lower on Wednesday. But the shares came crashing back on Monday, a risk-off day for markets. This article was originally published on this site What happened. 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. China's stock market crash may derail government's economic reforms The crash has been a bitter pill for the real economy, and will be a huge comedown for policymakers. Which brings us back to the drop in the Microsoft stock price. This story gets even stranger. At these frothy levels, even the littlest bit of bad news can send shares tumbling lower. Down, up, down. Wall Street’s sell-off resumed on Wednesday as a drop in the shares of large technology companies dragged stocks to their fifth decline in the last six sessions. Image source: Getty Images. 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. its incredible how much bad news is in the stock right now. Has to be deeply oversold. Check out why Pfizer share price is up today. "We continued to experience robust demand for our residential decking products in the third quarter," CEO James E. Cline said in a statement. NSE Gainer-Large Cap . So what. Given the sheer number of pipeline companies, power plant operators, oil and gas production companies, and other energy stocks, it can be hard to identify which energy companies will … The S&P 500 rose 0.7% to 3726.86, while the Nasdaq Composite … Tesla (NASDAQ:TSLA) bulls are on thin ice after the stock’s monster rally raises questions about sustainability and valuation. Shares of Trex (NYSE:TREX) were down about 9% around 3 p.m. on Monday, a miserable day for markets. Shares of Trex (NYSE:TREX) were down about 9% around 3 p.m. on Monday, a miserable day for markets. Today, crude is crashing hard. Wall Street darling Nvidia NVDA also dropped, with shares reaching an intraday low that was nearly 7% off of Tuesday's close. Benchmarks . 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 … 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. Lou has followed the markets for more than two decades, developing extensive contacts including industry leaders, consultants, regulators, and labor representatives. It also announced a 2-for-1 stock split. Here are top five reasons why the Chinese stock market made a smart recovery towards the close of today's trade. He spends a lot of time these days focused on the industrials and financials. Nasdaq composite: 11,518.68, down 4.5% Read more: A commercial real estate-investing expert explains why the future of offices isn't as bleak as you think — and shares 3 … Before today, MSFT stock had risen 36% over the previous 12 months. The Dow Jones Industrial average tumbled at the start of the week, losing over 350 points during Monday trading. In today's case -- earnings relatively in line with estimates -- a 20% jump doesn't exactly jibe. Here are top five reasons why the Chinese stock market made a smart recovery towards the close of today's trade. Alex Klein on why Zuckerberg’s stock hasn’t hit bottom yet. Keith Speights owns shares of Pfizer. TOP Ships (NASDAQ: TOPS) shares are trading lower on Monday, after the company priced its 60 million share common stock offering at 13 cents per share. SociedadQuimica y Minera tumbled 6.6% to 58.59 on the stock market today, testing its 50-day moving average intraday. T-Mobile stock was down 2.76% at $76.04, while Sprint was down 3.33% at $5.96. Why Visa Stock Is Dropping Today. Stock Advisor launched in February of 2002. Stocks ended Thursday's session sharply lower, with the Dow falling more than 800 points (2.7%) and the S&P 500 dropping 3.5%. Why LendingClub (LC) Stock Is Dropping Today ... an analyst at Compass Point Research & Trading wrote in a note today, ... Dow Jones Today;... Why Caterpillar Stock Is Dropping Today -- The Motley Fool The company announced its earnings for the fourth quarter of fiscal 2019 after market hours on Tuesday. Positive news from these studies should provide a big catalyst for the biotech stock. Cumulative Growth of a $10,000 Investment in Stock Advisor, Why Shares of Trex Are Falling Today @themotleyfool #stocks $TREX, 3 Surprising Stocks We Love For the Housing Boom, 3 Surefire Stocks on My Christmas Wish List, This Home Improvement Stock Is Up 70% This Year, but One Expert Says It's Worth Buying Now, 3 Hot Stocks Cashing in on the Great Outdoors, Copyright, Trademark and Patent Information. PayPal Stock Is Dropping Because of ‘Meaningful Headwinds’ From Europe. The Nasdaq Composite dropped 624.94 points, or 7.3%, to finish at 7,950.68, putting the technology-heavy index 19% below last month's record. 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. The stock market bounced back a bit from Monday’s drubbing as manufacturing data surprised to the upside on Tuesday. What happened. Shares of Trex (NYSE: TREX) have fallen today, down by 6% as of 12:35 p.m. EDT, after the company reported second-quarter earnings. Gold price prediction for march 9 2017 today s top gold news and opinion a price of gold per ounce gold price drops more than 80 an ounce gold price record looking like a today s top gold news and opinion a. Why is the stock market dropping today? Tesla’s market cap has already shed billions Wednesday – falling over 10% in early morning trading over fears that the coronavirus outbreak will delay the timeline for new vehicle deliveries in China. Three days later VISA Stock’s price reached $76.76 as markets roared back on Wednesday. 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. 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. The S&P 500's 4.1% drop was also the worst since August 2011, while the Nasdaq composite's 3.8% was its biggest since the post-Brexit-vote sell-off in June 2016. 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. Lou has followed the markets for more than two decades, developing extensive contacts including industry leaders, consultants, regulators, and labor representatives. There was no company-specific news for … Trex decking on display in a home improvement store. The market finished near its session lows on Tuesday, with the tech-heavy Nasdaq Composite dropping 4.1%. Returns as of 01/10/2021. Get detailed Pfizer stock price news and analysis, Dividend, Bonus Issue, Quarterly results information, and more. Today’s price change has pushed the stock +63.55% YTD, which shows the potential for further growth is there. 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. 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. Cumulative Growth of a $10,000 Investment in Stock Advisor, Why Shares of Trex Are Falling Today @themotleyfool #stocks $TREX, 3 Surprising Stocks We Love For the Housing Boom, 3 Surefire Stocks on My Christmas Wish List, This Home Improvement Stock Is Up 70% This Year, but One Expert Says It's Worth Buying Now, 3 Hot Stocks Cashing in on the Great Outdoors, Copyright, Trademark and Patent Information. Why is the Philippine stock market dropping? The Dow Jones industrial average posted solid gains in the stock market today, though several tech heavyweights dragged on the Nasdaq composite.. … Why Fulgent Genetics Stock Is Dropping Today Motley Fool. ... His favorite stock is Apple, which is also the first stock he ever bought. The broader markets fell after the release of poor manufacturing data. 50 mins Why Fulgent Genetics Stock Is Dropping Today – Motley Fool The Motley Fool . Why Is Aflac Stock Falling Today – Profiting From Downgrades. Or more precisely, front month WTIC crude is crashing. Why Visa Stock Is Dropping Today Visa stock is dropping today due to a court ruling regarding a $5.7 billion settlement deal that is being rejected by New York appeals court. July 30, 2019, 8:36 AM. Visa stock is dropping today due to a court ruling regarding a $5.7 billion settlement deal that is being rejected by New York appeals court. Why Is Zoom’s Stock Dropping? 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. The earnings seemed solid, so why are shares of Trex down on Tuesday? Trex stock price target cut to $72 from $143 at Deutsche Bank Sep. 22, 2020 at 6:35 a.m. This comes after a whirlwind rally took shares to an all-time high of $968. 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. Sparking the … View real-time stock prices and stock quotes for a full financial overview. 15 Energy Stocks Analysts Love the Most. "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.". Catalent sees fiscal year 2021 sales $3.45-$3.60 billion versus the $3.05 billion estimate. This is a quality company with a compelling product. 13, 2017 10:52PM ET / Published Aug. 17, 2012 3:30PM ET Tech Mahindra 1,056.50 61.75. 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. The stock market appears to be breaking out of its recent lull. Read full article. Trex is vulnerable to a downturn in new construction or renovation spending. Stocks. What happened. Catalent is a specialty and generic drug manufacturing company. The Nasdaq Composite lost 4.9%. President Donald Trump says it's because Democrats are gearing up to use their impending control of the House of … Long-term-focused investors should hold on through the downturn. Market data powered by FactSet and Web Financial Group. China's stock market crash may derail government's economic reforms The crash has been a bitter pill for the real economy, and will be a huge comedown for policymakers. Both MasterCard (MA) and Visa (V) stocks are dropping today on the news that new litigation is problem the next step in their ongoing battle with retailers over allegations that their credit-card fees were improperly fixed. The Dow lost 633 points, or 2.3%, while the S&P 500 shed 2.8%. Everything you need to know about the stock market today. Trex stock bounced around a lot today. The stock is up about 60% since November 13, the day before it announced its vaccine was highly effective. So what. Shares of Fulgent Genetics (NASDAQ: FLGT), a genetics testing provider, were dropping sharply on Friday and were down by 13.9% as of 11:37 a.m. EST, after falling by as much as 17.3% earlier in the day.The company did not report any news that scared off investors, but a Wall Street analyst downgraded its stock, which explains its woes on the market today. 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. Image source: Trex. Everything you need to know about the stock market today. Alteryx (NYSE: AYX) is in the news Friday after as its earnings report for the second quarter of 2020 continues to drop AYX stock lower. Earnings were solid, so why are shares of Trex ( NYSE: Trex ) down... Further growth is there on the industrials and financials comparable period in 2018, by! 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