DXPE Is At A Crossroads
DXP Enterprises (DXPE) provides maintenance, repair, and operations (or MRO) products, equipment and integrated services. I do not expect the stock price to exhibit strong upward momentum in the short-term. However, the company can be relatively undervalued at the current level. If the crude oil price holds steady and industrial activity resumes, there can be upside potential in the medium term.
So far in 2019, the U.S. crude oil production continues to surge, while the crude oil price has been volatile. The manufacturing index weakened over the past