CORE & MAIN INC (NYSE:CNM) shows strong technicals and a high-quality setup, making it a candidate for breakout traders. Resistance at $55.78 could signal the next move.
Over the past six months, Core & Main has been a great trade. While the S&P 500 was flat, the stock price has climbed by 19.3% to $52.53 per share. This performance may have investors wondering how to approach the situation.
Whether you see them or not, industrials businesses play a crucial part in our daily activities. But they are at the whim of volatile macroeconomic factors that influence capital spending (like interest rates), and the market seems convinced that demand will slow.
Due to this bearish outlook, the industry has tumbled by 12.1% over the past six months. This drawdown was worse than the S&P 500’s 5.2% decline.
Volatility cuts both ways - while it creates opportunities, it also increases risk, making sharp declines just as likely as big gains.
This unpredictability can shake out even the most experienced investors.
Softness in the manufacturing sector, a slowdown in new orders, and the lingering effects of supply-chain issues have impacted the manufacturing tools industry. However, here are some stocks in the space to keep an eye on despite these challenges.
Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let’s have a look at Watsco (NYSE:WSO) and its peers.
Stocks in the $10-50 range offer a sweet spot between affordability and stability as they’re typically more established than penny stocks.
But their headline prices don’t guarantee quality, and investors should exercise caution as some have shaky business models.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how infrastructure distributors stocks fared in Q4, starting with MRC Global (NYSE:MRC).
Wrapping up Q4 earnings, we look at the numbers and key takeaways for the infrastructure distributors stocks, including DistributionNOW (NYSE:DNOW) and its peers.
Core & Main reported Q4 earnings below estimates despite a 17.9% sales rise. Leadership changes announced as FY25 sales outlook lags consensus projections.
Water and fire protection solutions company Core & Main (NYSE:CNM) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 17.9% year on year to $1.70 billion. On the other hand, the company’s full-year revenue guidance of $7.7 billion at the midpoint came in 1% below analysts’ estimates. Its GAAP profit of $0.33 per share was 12.2% below analysts’ consensus estimates.
Water and fire protection solutions company Core & Main (NYSE:CNM)
will be announcing earnings results tomorrow before market hours. Here’s what investors should know.
