Positive context积极背景
Stocks股票 / Industrials / CNM
Core & Main · Industrials
CNM US listed · USD美股 · 美元
Core & Main, headquartered in St. Louis, Missouri, distributes products used for water, wastewater, storm drainage, and fire protection in the United States.Core & Main总部位于密苏里州圣路易斯，在美国分销用于供水、废水、雨水排放和消防保护的产品。
Industrials
S&P 400标普400中盘
Secular growth长期成长
$41.97
Regular quote常规时段报价
-$0.36 · -0.85%
Extended quote unavailable. Showing the regular quote.盘前盘后报价暂不可用，现显示常规时段报价。
Pre-market盘前
·
52w low52周低 $39.84high高 $60.07
Neutral — no clear edge中性 — 无明显优势
Daily low forming, but the bigger trend is still bearish. Small size only; stop below 40.35.日线低点正在形成，但大趋势仍偏空。只适合小仓位；止损设于 40.35 下方。
As of 2026-10-26截至 2026-10-26
Company news公司新闻
The latest reporting最新报道
One story, with the reporting behind it.将同一事件汇总，保留各来源报道。
Company intelligence公司情报
The latest call, in context把最新财报放回历史脉络
A synthesized event record across management commentary and recorded metrics. Read as context; verify exact wording in the transcript before relying.综合管理层表述与记录指标形成事件档案。仅供参考；使用前请在电话会原文中核对准确措辞。
Live company record实时公司记录
JavaScript loads the source-bounded event record here. Open Terminal if the live module does not start.JavaScript 会在此加载受来源约束的事件记录。如实时模块未启动，请打开终端。
Continue with full transcript history继续查看完整电话会历史 ↗Pressure context压力背景
History mode历史模式
Context only仅供参考 · not a signal or recommendation不构成信号或建议
Narrative claims may await line-level citation; verify in the transcript.叙述性内容可能仍待逐行引用，请在电话会原文中核对。
Price chart价格图表
daily · interactive日线 · 可交互
Open in Terminal打开终端 ↗
Loading chart…图表加载中…
The interactive chart could not load here.互动图表暂时无法在此加载。
Open the live chart in Terminal在终端中打开实时图表 ↗
Candles, volume and moving averages — pan and zoom inside the chart.蜡烛图、成交量与均线 — 图内可缩放拖动。
MMastermind Terminal — live & interactiveMastermind 终端 — 实时互动 ↗
Technicals技术面
daily bars日线数据 · 2026-10-26
Momentum (RSI 14)动量（RSI 14）
51
Neutral zone中性区域
vs 50-day average相对50日均线
-1.3% below下方
Below trend跌破趋势
vs 200-day average相对200日均线
-13.0% below下方
Long trend down长期向下
Volatility波动率
2th percentile第2百分位
These readings feed the stance at the top — one source per number, refreshed nightly.以上读数构成页首的引擎立场 — 每个数字只有一个来源，每晚更新。
Earnings财务业绩
Estimates being cut预期下调
Beat in 3 of last 4 quarters近 4 季中 3 季超预期
Post-earnings drift: -3.2% (20d)财报后漂移：-3.2%（20日）
EPS surprise vs consensus, last quarters每股收益相对预期的超预期幅度（近几个季度） · average平均 6.7%
Financials财务数据
fiscal years财年Revenue营业收入
$7.6B2023
20212023
5-yr growth5年复合增速 23.6%
Earnings per share每股收益
$2.312023
20212023
5-yr growth5年复合增速 104.9%
Free cash flow自由现金流
$604.0M2023
20212023
Gross margin毛利率
26.9%
Operating margin营业利润率
9.4%
Net margin净利率
6.0%
FCF margin自由现金流利润率
8.5%
Balance-sheet quality财务体质 5/8
Return on equity股本回报率 23%
Clean稳健
Leverage杠杆
Net debt / EBITDA净债务/EBITDA2.05
Current ratio流动比率2.29
Capital allocation资本配置
Buybacks (TTM)回购（TTM）$155.0M
Stock-based comp股权薪酬$17.0M
Debt coming due到期债务
FY2023 10-KIn the 12-month bucket following fiscal period end 2026-02-01, it reported $24.0M due — about 2% of its disclosed principal.在财年期末 2026-02-01 之后12个月的区间内，已披露到期本金为 $24.0M，约占其披露本金的 2%。
All maturity buckets are measured from fiscal period end 2026-02-01, not from today.所有到期区间均从财年期末 2026-02-01 起算，而非从今天起算。
First 12 months after period end报告期末之后首12个月
$24.0M
Year 2第2年
$24.0M
Year 3第3年
$1.2B
Year 4第4年
$9.0M
Year 5第5年
$9.0M
After year 55年以后
not reported未披露
A cash-flow scenario is unavailable until the filing inputs are verified.报告数据核实前，现金流情景暂不可用。
Capital-need coverage is partial; incomplete or incompatible filing inputs are not combined.资本需求覆盖信息不完整；不会合并不完整或不兼容的报告数据。
Any available cash-flow scenario is context only. Missing or incompatible inputs are not replaced with zero or a financing forecast.可用现金流情景仅供参考；缺失或不兼容的输入不以零值或融资预测替代。
Sources and cash-flow calculation来源与现金流计算
Figures are XBRL facts from one filing — no two years are mixed. Filing数据取自同一份文件中的 XBRL 事实，不跨文件拼接。文件
0001856525-26-000031, period ending报告期截至 2026-02-01, unit单位 USD.
Cache acquired缓存获取时间: 2026-10-25T07:50:18.168945+00:00.
5/6 buckets reported.个区间有披露。
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsLongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwoLongTermDebtMaturitiesRepaymentsOfPrincipalInYearThreeLongTermDebtMaturitiesRepaymentsOfPrincipalInYearFourLongTermDebtMaturitiesRepaymentsOfPrincipalInYearFiveLongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive— absent
Research context only — reported figures from SEC filings, not a rating, a signal or investment advice.仅供研究参考 — 数据摘自 SEC 文件披露口径，不构成评级、信号或投资建议。
Why is it moving为何波动
6 checks · nightly六项检查 · 每晚
Macro宏观
Rate risk runs through its market / growth beta, not a distinct duration leg.其利率风险通过市场／成长beta体现，并无独立的久期暴露。
Positioning持仓
Short interest changed +22.6%空头仓位变动 +22.6%
Technical技术面
CNM broke down vs the marketCNM 相对市场走弱
Ownership & smart money持仓与聪明钱
13FInsider activity:内部人动向： -$0.1M net (1 buyers, 1 sellers)-$0.1M 净值（1 买家，1 卖家）
Concentrated ownership集中持仓
| Fund基金 | Grade评级 | Latest move最新动作 | % of book组合占比 | As of截至 |
|---|---|---|---|---|
| Soros Fund Management | B | Holding持有 | 0.2% | 2026-06-30 |
Signal history信号历史
engine events引擎事件
DOWNTREND → UNCONFIRMED TURN下跌趋势 → 未确认转向
HIGH-RISK · NIMBLE ONLY. A daily bottoming setup is forming (swing low in, momentum turned up) — but the higher timeframes haven't confirmed it: the bigger picture is still bearish (weekly momentum curling up; 3-day crossed up; investor cycle failed (broke its start low); last cycle left-translated (topped early)). This is an UNCONFIRMED TURN, not a confirmed buy. Weekly confirmation lags price, so this exact reading covers BOTH bounces that fail AND the first leg of a genuine new cycle — you can't tell which in real time, so treat it as a risk/size signal, not a direction call. Measured: weekly-unconfirmed bottoming setups held the low ~49% of the time vs ~68% once the weekly turns up. Last cycle was left-translated (topped early) — a bearish structural tell高风险 · 仅限灵活操作。正在形成日线筑底形态（摆动低点已现、动量转向上行）——但更高周期尚未确认：大局仍偏空（周线动量开始上翘；3 日线向上交叉；投资者周期失败（跌破起始低点）；上一周期左移（见顶偏早））。这是「未确认转向」，并非已确认的买入。周线确认滞后于价格，因此同样的读数既涵盖最终失败的反弹，也涵盖真正新周期的第一段——实时无法判定属于哪一种，故应将其视为风险/仓位信号，而非方向判断。实测：周线未确认的筑底形态约 49% 守住低点，周线转向后升至约 68%。 上一周期为左移结构（见顶偏早）——属于看空的结构性信号
Oct 21, 2026
CNM broke down vs the marketCNM 相对市场走弱
Relative strength vs SPY crossed below the 10th percentile of the last 90 days — weakness often leads price. $41.43.相对标普500的强弱下穿近90日的第10百分位 — 走弱常先于价格。$41.43。
Oct 15, 2026
CNM daily MACD crossed upCNM 日线MACD上穿
The daily MACD histogram turned positive — fast and noisy, context rather than a standalone trigger. $41.79.日线MACD柱状图转正 — 快速且嘈杂，仅作背景。$41.79。
Oct 13, 2026
CNM StochRSI turned up from oversoldCNM StochRSI自超卖区上行
StochRSI popped back above 20 — the earliest oscillator heads-up that downside momentum is easing. $40.82.StochRSI重回20上方 — 下行动量趋缓的最早预警。$40.82。
Oct 12, 2026
DOWNTREND → UNCONFIRMED TURN下跌趋势 → 未确认转向
HIGH-RISK · NIMBLE ONLY高风险 · 仅限灵活操作
Oct 9, 2026
CNM printed a daily-cycle lowCNM 打出日线周期低点
A confirmed local low — in this cycle framework the highest-odds long-entry window. $40.35.一个已确认的局部低点 — 在本周期框架中做多胜率最高的入场窗口。$40.35。
Oct 8, 2026
UNCONFIRMED TURN → DOWNTREND未确认转向 → 下跌趋势
AVOID回避
Oct 8, 2026
CNM made a new 52-week lowCNM 创52周新低
Price reached a fresh 52-week low — a momentum / trend extreme the whole market watches. $40.37.价格创出52周新低 — 全市场关注的动量/趋势极值。$40.37。
Oct 7, 2026
CNM daily MACD crossed downCNM 日线MACD下穿
The daily MACD histogram turned negative — fast and noisy, context rather than a standalone trigger. $40.70.日线MACD柱状图转负 — 快速且嘈杂，仅作背景。$40.70。
Showing the last 15 of显示最近15条，共 271 signals条信号
Company profile公司档案
Core & Main, headquartered in St. Louis, Missouri, distributes products used for water, wastewater, storm drainage, and fire protection in the United States.Core & Main总部位于密苏里州圣路易斯，在美国分销用于供水、废水、雨水排放和消防保护的产品。
Style DNA — how it trades vs the market风格基因 — 相对市场的交易特征
Profitability盈利能力
Below market低于市场
Quality质量
Below market低于市场
Investment资本投入
Below market低于市场
Low volatility低波动
Below market低于市场
Low market beta低市场敏感度
Below market低于市场
Earnings quality盈利质量
Below market低于市场
Short interest空头兴趣
Below market低于市场
Watch items — what could change the story关注项 — 可能改变故事的因素
- Margin compression despite revenue growth
- Capital intensity rising
The whole US universe — S&P 1500 and Russell 2000 — read nightly.覆盖标普1500与罗素2000全部成分股 — 每晚更新解读。
Signals, options positioning, smart-money moves and factor DNA — the same engine that wrote this page covers 2,700+ US stocks.信号、期权持仓、聪明钱动向与因子基因 — 撰写本页的引擎覆盖2700多只美股。
Statistics — full detail统计数据 — 完整明细
Relative strength相对强度
vs market, 1 month相对大盘（1个月）
19/100 — weaker than most弱于多数
vs market, 3 months相对大盘（3个月）
49/100 — middle of the pack居中
vs market, 6 months相对大盘（6个月）
23/100 — weaker than most弱于多数
vs market, 12 months相对大盘（12个月）
15/100 — weaker than most弱于多数
Rank in sector行业内排名
#242 / 263
0–100 percentile of total return vs all covered stocks.总回报在全部覆盖股票中的百分位（0–100）。
Price history价格历史
| Period周期 | This stock本股 | S&P 500标普500 |
|---|---|---|
| 1 Week近1周 | +-0.0% | -0.4% |
| 1 Month近1月 | -1.8% | -1.0% |
| 3 Months近3月 | -3.8% | +3.1% |
| 6 Months近6月 | -15.2% | +7.0% |
| Year to date年初至今 | -21.4% | +12.1% |
| 1 Year近1年 | -22.9% | +14.4% |
| 3 Years近3年 | +41.3% | +86.0% |
Trading information交易信息
Beta vs market贝塔
1.15
Volatility rank波动率分位
2th pctile
Off 52-week high距52周高点
-29.0%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Financials — full detail财务数据 — 完整明细
Multi-year record多年财务记录
| 20212021 | 20222022 | 20232023 | |
|---|---|---|---|
| Revenue营业收入 | $5.0B | $6.7B | $7.6B |
| EPS每股收益 | $0.55 | $2.13 | $2.31 |
| Free cash flow自由现金流 | $-51M | $376M | $604M |
| Gross margin毛利率 | 25.6% | 27.0% | 26.9% |
| Net margin净利率 | 3.3% | 5.5% | 5.8% |
| FCF margin自由现金流利润率 | -1.0% | 5.7% | 7.9% |
Latest fiscal year最近财年
Revenue (FY)营业收入（财年）
$7.6B
Gross profit毛利润
$2.1B
Net income净利润
$462M
Operating cash flow经营现金流
$650M
Total assets总资产
$6.1B
Shareholder equity股东权益
$2.0B
Long-term debt长期负债
$2.1B
Buybacks股票回购
$155M
Returns & growth回报与增长
Return on equity股本回报率
23.1%
Return on assets资产回报率
7.6%
Debt / assets负债/资产
34.9%
Profit growth利润增速
+6.5%
Asset growth资产增速
+3.7%
Accounting quality checks会计质量检查
- Earnings quality: earnings cash-backed盈利质量：盈利有现金支撑
- Working capital: inventory & receivables lean vs sales营运资本：存货与应收相对销售保持精简
- Pricing power: gross margin +1.3pts over 3 years定价能力：毛利率 3 年上升 1.3 个百分点
- Capital discipline: investment near the peer median资本纪律：投资力度接近同业中位
- Balance sheet: leverage unremarkable资产负债表：杠杆水平一般
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Technicals — full detail技术面 — 完整明细
Indicator readings指标读数
RSI (14-day)RSI（14日）
51
RSI (2-day)RSI（2日）
52
vs 20-day average相对20日均线
+1.3%
vs 50-day average相对50日均线
-1.3%
vs 200-day average相对200日均线
-13.0%
Golden cross (50>200)金叉（50>200）
not in effect未生效
MACDMACD
above signal位于信号线上方
Timeframe alignment多周期共振
Daily日线
momentum up动能向上
3-day3日线
momentum up — fresh upturn动能向上——刚刚转强
Weekly周线
momentum down — turning up soon动能向下——接近转强
When daily through monthly point the same way, moves carry further.当日线到月线方向一致时，行情往往更有延续性。
Volatility regime波动状态
Range state波幅状态
CoiledCOILED
Days compressed已压缩天数
13
Range width percentile波幅宽度分位
0/100
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Earnings — full detail财务业绩 — 完整明细
Surprise history超预期历史
| Quarter季度 | Reported实际 | Expected预期 | Surprise超预期 |
|---|---|---|---|
| Apr 2026 | $0.70 | $0.68 | +2.9% |
| Jan 2026 | $0.51 | $0.46 | +10.9% |
| Oct 2025 | $0.72 | $0.72 | 0.0% |
| Jul 2025 | $0.87 | $0.77 | +13.0% |
Estimate revisions预期修正
Analysts covering覆盖分析师
8
Estimate direction预期调整方向
mostly cutting多数下调
Estimate change, 90 days预期变化（90天）
+6.4%
Net upgrades, 30 days净上调（30天）
-2
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Ownership — full detail持仓 — 完整明细
Tracked funds holding it跟踪基金持仓
| Fund基金 | Grade评级 | Latest move最新动作 | % of book组合占比 | Position市值 |
|---|---|---|---|---|
| Soros Fund Management | B | Holding持有 | 0.2% | $11M |
Fund positioning基金持仓概览
Tracked funds in the name持有该股的跟踪基金
1
Buying vs selling买入vs卖出
0 : 0
Quarterly trend季度趋势
{'direction': 'accumulating', 'n_quarters': 11, 'holders_first': 1, 'holders_last': 1, 'holders_delta': 0, 'value_change_pct': 99.0, 'from_period': '2023-09-30', 'to_period': '2026-03-31', 'available_on': '2026-05-16', 'available_on_first': '2023-11-15', 'holders_series': [1, 1, 1, 1, 2, 1, 2, 2, 1, 2, 1]}{'direction': 'accumulating', 'n_quarters': 11, 'holders_first': 1, 'holders_last': 1, 'holders_delta': 0, 'value_change_pct': 99.0, 'from_period': '2023-09-30', 'to_period': '2026-03-31', 'available_on': '2026-05-16', 'available_on_first': '2023-11-15', 'holders_series': [1, 1, 1, 1, 2, 1, 2, 2, 1, 2, 1]}
Insiders & shorts内部人与空头
Insider net buying (6 months)内部人净买入（6个月）
-$0.1M
Insider buyers vs sellers内部人买家vs卖家
1 : 1
Days to cover回补天数
4.8
Short interest change空头变化
+22.6%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Seasonality — full detail季节性 — 完整明细
Strongest month最强月份
Jan · 100%
Weakest month最弱月份
Sep · 25%
Month by month逐月统计
| Month月份 | Closed higher收涨占比 | Median move中位涨跌 | Years年数 |
|---|---|---|---|
| Jan1月 | 100% | +3.2% | 3 |
| Feb2月 | 67% | +1.8% | 3 |
| Mar3月 | 33% | -5.0% | 3 |
| Apr4月 | 67% | +2.3% | 3 |
| May5月 | 67% | +2.2% | 3 |
| Jun6月 | 33% | -1.8% | 3 |
| Jul7月 | 67% | +5.5% | 3 |
| Aug8月 | 33% | -2.1% | 3 |
| Sep9月 | 25% | -3.0% | 4 |
| Oct10月 | 50% | +1.3% | 4 |
| Nov11月 | 67% | +9.9% | 3 |
| Dec12月 | 100% | +7.7% | 3 |
History is a tendency, not a promise — small samples wobble.历史规律只是倾向而非保证 — 样本少时波动大。
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。