Up More Than 60% in 2023, Is There Still Time to Buy This Phenomenal Stock?

By Jason Hall and Tyler Crowe – Sep 13, 2023 at 10:02AM

NYSE: TREX

Trex

Market Cap

$10B

Today's Change

(1.25%) $1.12

Current Price

$90.53

Price as of April 26, 2024, 4:00 p.m. ET

As long as you have proper expectations.

The housing market is a mess, but plenty of housing-related stocks are up big in 2023, including Trex (TREX 1.25%), up more than 60% at the time of this recording. Is there still time to buy, or should investors stay away? Motley Fool contributors Jason Hall and Tyler Crowe make the case -- and explain the risks -- in this video.

*Stock prices used were from the morning of Sept. 8, 2023. The video was published on Sept. 13, 2023.

Jason Hall has positions in Trex. Tyler Crowe has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Home Depot and Trex. The Motley Fool recommends Lowe's Companies. The Motley Fool has a disclosure policy. Jason Hall is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.