TREX - This Home Improvement Stock Is Up 70% This Year but One Expert Says It's Worth Buying Now
Low interest rates, more companies allowing (even encouraging) their employees to work from home, and the largest cohort in American history are driving the housing market in a massive way. So far this year that's been fantastic for Trex (NYSE: TREX) , which manufactures environmentally responsible decking out of recycled plastic and waste wood. The company's stock has surged almost 70% this year alone.
Should investors cash out and move on? Not according to one expert. On the Nov. 11 edition of "The Wrap" on Motley Fool Live , host Jason Hall points out the two catalysts -- demographics and environmental focus -- that he says makes Trex worth buying right now.
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This Home Improvement Stock Is Up 70% This Year, but One Expert Says It's Worth Buying Now