Buy Home Depot or Lowe's on the Dip? This Stock Could Boost Your Returns Even More

By Jason Hall and Jeff Santoro – Nov 2, 2022 at 5:07AM

NYSE: TREX

Trex

Market Cap

$9B

Today's Change

(0.62%) $0.53

Current Price

$86.48

Price as of May 31, 2024, 4:00 p.m. ET

Rising interest rates, inflation, and a tough foreign exchange environment have investors looking elsewhere.

Home Depot (HD 1.73%) and Lowe's (LOW 2.71%) shares are down sharply, even more than the S&P 500. If you're an income-focused investor, it's not a bad idea to think about those two companies. However, for investors looking for the highest potential returns, Motley Fool contributor Jason Hall makes the case that Trex Company (TREX 0.62%) could deliver far better gains going forward.

*Stock prices used were the morning prices of Nov. 1, 2022. The video was published on Nov. 1, 2022.

Jason Hall has positions in Trex. The Motley Fool has positions in and recommends Home Depot and Trex. The Motley Fool recommends Lowe's. 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 his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.