Core & Main | Shares Are Under Heavy Accumulation

Core & Main is a Big Money Magnet

Institutional volumes reveal plenty. In 2024, CNM has enjoyed heavy Big Money buying, which we believe to be institutional accumulation.
Each of the 8 green bars signal unusually large volumes in CNM shares, pushing the stock higher:

Plenty of industrial names are under accumulation right now. But when you dive into the fundamentals, there’s a powerful tailwind going on with Core & Main.

Core & Main Fundamental Analysis

Institutional support coupled with a healthy fundamental backdrop makes this company worth investigating. As you can see, CNM has had positive sales & EPS growth in recent years:

• 3-year sales growth rate (+23.7%)
• 3-year EPS growth rate (+124.6%)

Source: FactSet

EPS is estimated to ramp higher this year by +13.8%.

Now it makes sense why the stock has been powering to new heights. Core & Main is gaining due to the forward earnings picture.

Marrying great fundamentals with our proprietary software has found some big winning stocks over the long-term.

Core & Main has recently been a top-rated stock at MAPsignals. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

It’s made the rare Top 20 report numerous times. The blue bars below shows when CNM was a top pick…cutting through the noise.

Tracking unusual volumes reveals the power of money flows.

This is a trait that most outlier stocks exhibit…the superstars. Money flows often reveal tomorrow’s leaders…today.

Core & Main Price Prediction

The CNM rally isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

Disclosure: the author holds no position in CNM at the time of publication.

If you are a Registered Investment Advisor (RIA) or are a serious investor, take your investing to the next level, learn more about the MAPsignals process here.