Trex Company Inc (TREX) News & EventsTREXNews & EventsTrex Company Inc

Trex Signs Exclusive Agreement with Fencing Supply Group

Trex Company has signed a multi-year agreement with Fencing Supply Group to become the exclusive national distributor of Trex Fencing.

Nasdaq Rises on Soft Inflation Data, IBM Under Pressure

Stocks moved higher, with the Nasdaq the leader, after softer inflation data shut the door on a Fed rate hike this month. Both headline and core inflation rates declined, easing the impact of another rally in energy prices after the U.S. and Iran maintained strikes against each other. Attention was also focused on the first wave of second quarter earnings from major U.S. banks. Meanwhile, IBM was under pressure after issuing a softer-than-expected revenue outlook, weighing on software and enterprise technology stocks.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:IBMoffered abut guided for 5% software revenueHCA Healthcareprovided anbut lowered its earnings guidance for FY26Goldman Sachsreportedas investment banking fees grew 55% year-over-year in the quarterJPMorganreported, with the company saying it expects AI to produce "huge efficiencies" across the bankAdditionally, Wells Fargoand Citiboth reported2. WALL STREET CALLS:Appleto Underweight at KeyBancPrior to IBM's negative pre-announcement, HSBCshares to Reduce, arguing in favor of a "synthetic IBM" insteadCircle Internetto Underperform at MizuhoBarclayscoverage of SK Hynixwith an Overweight rating and $330 price targetSpaceXwith an Outperform at Evercore ISI3. AROUND THE WEB:Verizonis planning another round of layoffs this week, Barron's reportsPrismML CEO Babak Hassibi told CNBC that Appleand other companies have been evaluating the startup's models and measuring their speed, energy efficiency and performance on devicesGoogleis being probed over Android's default search feature, Reuters reportsOpenAI's first device is expected to be unveiled in 2026, Bloomberg saysA U.S. unit of ZTEand two other Chinese companies have received approval to purchase advanced AI chips from Nvidiaand AMD, signaling a selective easing of export restrictions for certain Chinese firms, Reuters says4. MOVERS:NextCuresurged after entering into awith Avere TherapeuticsDelivery Herowas higher after confirming it iswith Uberin respect to a potential takeover offerJet.AIdropped after entering into a Letter of Intent for awith a privately held operating companyBiogenwas lower afterfrom its CELIA study evaluating diranersenLucidslipped after the companyas an adviser, adding that reports of a possible bankruptcy filing are "completely false"5. EARNINGS/GUIDANCE:FastenalreportedTrex Companyraised itsEricssonreported aUnity Bancorpreported slightlyVirtu FinancialreportedINDEXES:The Dow rose 9.63, or 0.018%, to 52,508.27, the Nasdaq gained 233.83, or 0.90%, to 26,107.01, and the S&P 500 advanced 28.25, or 0.38%, to 7,543.59.