DXPE's run can hit a hurdle
DXP Enterprises (DXPE) provides maintenance, repair, and operations (or MRO) products, equipment and integrated services. It provides technical expertise and logistics capabilities to the energy and industrial customers. Given the lack of demand from the industrial customers, I expect DXPE's stock price to decline in the short-term.
While the crude oil price has made another recovery and the U.S. crude oil production continues to surge, the manufacturing index weakened over the past few months. Consolidation of suppliers by the industrial customers, which affected MRO sales, and the