Revenue was up 17% over the comparable period in 2018, led by a 24% increase in residential product sales. Keith Speights owns shares of Pfizer. The Facebook stock price is falling today because of a global sell-off. 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. 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. SociedadQuimica y Minera tumbled 6.6% to 58.59 on the stock market today, testing its 50-day moving average intraday. 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. 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 … 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. 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. The Dow Jones Industrial average tumbled at the start of the week, losing over 350 points during Monday trading. 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. 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. The stock is up about 60% since November 13, the day before it announced its vaccine was highly effective. 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 Get today's stock futures, stock market commentary, stocks to watch, analyst upgrades and more. Tech Mahindra 1,056.50 61.75. 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. 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. Returns as of 01/10/2021. Trex decking on display in a home improvement store. 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 company announced its earnings for the fourth quarter of fiscal 2019 after market hours on Tuesday. The stock market bounced back a bit from Monday’s drubbing as manufacturing data surprised to the upside on Tuesday. Three days later VISA Stock’s price reached $76.76 as markets roared back on Wednesday. Aside from the global sell-off, the FB stock price can drop thanks to sell-offs in the tech industry. Everything you need to know about the stock market today. This story gets even stranger. If Tesla can’t meet Elon’s guidance, the stock could give back some of its gains. What happened. Shares of Trex (NYSE:TREX) were down about 9% around 3 p.m. on Monday, a miserable day for markets. What happened. Has to be deeply oversold. The broader markets fell after the release of poor manufacturing data. "We continued to experience robust demand for our residential decking products in the third quarter," CEO James E. Cline said in a statement. So what. Catalent is a specialty and generic drug manufacturing company. 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. Why is the Philippine stock market dropping? 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. Sparking the … Trex (TREX) shares are gaining after being upgraded to 'buy' from 'hold' by analysts at Stifel Nicolaus (SF) 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 Visa Stock Is Dropping Today. Why T-Mobile and Sprint Shares Are Falling Today The Dow lost 633 points, or 2.3%, while the S&P 500 shed 2.8%. Lou has followed the markets for more than two decades, developing extensive contacts including industry leaders, consultants, regulators, and labor representatives. Get today's stock futures, stock market commentary, stocks to watch, analyst upgrades and more. President Donald Trump says it's because Democrats are gearing up to use their impending control of the House of … The data shows that as of October 29, 2020 short interest in Trex Company, Inc. (TREX) stood at 7.71% of shares outstanding, with shares short dropping from 10.05 Million registered in September. Here are top five reasons why the Chinese stock market made a smart recovery towards the close of today's trade. 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. This is a quality company with a compelling product. 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. Trex stock price target cut to $72 from $143 at Deutsche Bank Sep. 22, 2020 at 6:35 a.m. Image source: Getty Images. 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 … NSE Gainer-Large Cap . 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. 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. Today VISA Stock’s price is down to $74.69. Why HCA Healthcare Stock Is Dropping Today. Oil and gas stocks account for a hefty 20 per cent of the S&P/TSX Composite Index – an index that includes share prices of the largest companies that trade on the Toronto Stock Exchange. ET by Tomi Kilgore Here’s an overlooked way to play the ‘stuck-at-home’ trend in the stock market He spends a lot of time these days focused on the industrials and financials. 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. What happened. Why Is Gold Price Dropping Today Friday, 8 January 2021. 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. Stock Advisor launched in February of 2002. Before today, MSFT stock had risen 36% over the previous 12 months. Stocks fell sharply on Tuesday as another massive drop in tech put the Nasdaq Composite in correction territory and led to the S&P 500's worst three-day stretch in months.. 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