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Core & Main Inc (CNM) — chart, structure and Closelooknet read

The Closelooknet read

Core & Main distributes water, wastewater, storm drainage and fire protection products across the United States. It supplies pipes, valves, hydrants and fittings used to build, repair and replace underground water systems, plus storm-drainage components such as piping, basins and drains.

Detail below: the desk's view, the earnings record, peers and the company snapshot; daily prices on the price-history tab. Research diary readings, not advice.

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Signals for this name

Every Closelooknet reading that exists for CNM, from the same nightly bakes the boards use. Research diary readings, not advice.

Weather around the name 3 macro readings: Money Temperature, Factor regime, Sovereign pressure

The weather around this name

Macro readings that apply by membership — the regime, the factor tape, the sector cell, the funding backdrop.

  • Money Temperature Composite 47/100 · S&P 500 fund at 48, above its 200-day averageEight instruments scored on position, momentum, volume, volatility and fragility — the regime every name trades inside. Temperature lab → 2026-11-06
  • Factor regime Defensive rotation — low-vol leading, regime-change watchMomentum against low volatility (SPMO / SPLV): below its 50-day trend, 60th percentile of the window, -22.8% over 20 sessions. Factor regime → 2026-11-06
  • Sovereign pressure Index -1.91 · down 2.45 over 21 sessionsG7 long-end yields, 10s30s and the slope — the funding weather for every balance sheet on this site. Sovereign pressure → 2026-11-06
How it trades on rate days beta 1.13 to TLT · on the worst bond days it fell more than the market

How it trades on rate days

How CNM has moved when long-dated Treasury yields rise — measured against TLT, the 20+ year Treasury fund.

  • Beta to long bonds, 1 year 1.13 — moves strongly with bonds for every 1% move in TLT (20+ year Treasuries), Core & Main Inc moved 1.13% on average · correlation 0.32 · higher than 86% of US names
  • Beta, last 3 months 1.25 about the same as over the year
  • On the 10 worst bond days −1.37% on average against −0.74% for the S&P 500 the 10 sessions of the past year in which TLT fell most, i.e. long yields rose most
  • Latest of those days −2.67% TLT −1.29% that day 2026-09-24

Daily total returns from the adjusted price series; a TLT down day is a day long yields rose. Beta = the average move of the name for a 1% move in TLT. Past sensitivity, not a forecast. An investment diary, not a recommendation.

Who it is priced against Industrial Distribution · United States · 7 names with week and year-to-date

Peer group

Industrial Distribution · United States

This name carries no Closelooknet score, so its cohort ranks on trend state — distance to the 50- and 200-day averages — never on a score it does not have.

Compared against CNM on the nightly bakes; the Peers tab ranks the cohort on the Closelooknet scores where it exists.

Company snapshot — Core & Main Inc

CNM in five paragraphs: what it makes and sells, where it sits in the Closelooknet stack, who it is priced against, why we track it, what we watch. Research diary, not advice.

What it does
Core & Main distributes water, wastewater, storm drainage and fire protection products across the United States. It supplies pipes, valves, hydrants and fittings used to build, repair and replace underground water systems, plus storm-drainage components such as piping, basins and drains. It also sells fire-protection equipment, smart water meters and related installation and engineering services. Its customers are municipalities, private water utilities and contractors serving municipal, non-residential and residential markets. It is headquartered in Saint Louis, Missouri.
Where it sits in the stack
Core & Main carries no Rubin seat since it sits outside the AI build-out; it belongs to our industrials sleeve within the Russell 1000, where it acts as a distributor supplying materials and equipment to municipal and private water infrastructure rather than as a constraint inside any technology layer.
Who it is priced against
closelook.net has not set a formal peer group for it; the comparison the market draws is with Ferguson, which distributes overlapping plumbing and water infrastructure products to similar municipal and contractor customers.
Why Closelooknet tracks it
It sits in the Russell 1000, carries no Closelooknet score yet, and has not been quoted or mentioned in our editions.
What the diary watches
The diary watches whether municipal water-infrastructure spending and repair-and-replacement cycles hold up, since Core & Main's volumes depend on public capital budgets and construction activity across municipal, non-residential and residential markets rather than on any single end market.

Core & Main Inc (CNM) trades on US exchanges.

Written from the company’s public profile and Closelooknet’s own readings, 2026-09-17. Descriptive, refreshed with the registry; corrections welcome via the imprint. closelook.net is an investment research diary — market structure, index membership and scores are our own readings, not investment advice. Related: index compare · sector dispersion · scanner.

The Street on this name 3 analyst actions on the wire · latest: initiation by Jefferies, 2026-11-04

The Street on this name

Analyst actions and the latest print for CNM from the Closelooknet wires — third-party opinions on the record, not our readings.

  • Initiation Jefferies — at Buy Initiated to Buy 2026-11-04
  • Price target RBC Capital — target 57 from 60 Target cut to $57 from $60 (+42.2% to spot) 2026-10-07
  • Price target Deutsche Bank — target 55 from 62 Target cut to $55 from $62 (+32% to spot) 2026-09-10

3 actions on the analyst wire since 2026-08-13: 1 initiation, 2 target changes. Analyst wire → · Earnings wire →

FAQ · from the current data · as of 2026-11-07

Quick answers

What is Core & Main Inc (CNM)?

Core & Main Inc trades as CNM on the US exchange (United States) in the Closelooknet research universe, as of the registry build of 2026-11-07.

Is CNM in a Closelooknet index?

Not currently — Core & Main Inc is tracked in the Closelooknet research universe but is not a constituent of a Closelooknet functional index as of 2026-11-07.

Where does CNM trade against its moving averages?

Core & Main Inc trades 8.1% above its 50-day and 3.5% below its 200-day moving average (6.7% above its 20-day). As of 2026-11-06 — a technical state from the nightly Closelooknet bake, not advice. The Technical tab carries the full row.

How does Core & Main Inc compare with its peers?

Against its peer group (Industrial Distribution · United States), Core & Main Inc (CNM) sits 22.9% below its 52-week high, 8.1% above its 50-day average; Pool Corporation (POOL) is 22.9% below, WW Grainger Inc (GWW) is 5.3% below, MSC Industrial Direct Company Inc (MSM) is 15.4% below, as of 2026-11-06. Put any of them next to CNM in the chart grid (2×1 or 2×2) and the page lays the companies side by side: performance, trend, valuation, margins and our money-flow reading.

How does Core & Main Inc trade when bond yields rise?

Over the past year Core & Main Inc had a beta of 1.13 to TLT, the long-dated Treasury fund — it moves strongly with bonds, higher than 86% of US names. On the 10 sessions in which long bonds fell most it moved −1.37% on average, against −0.74% for the S&P 500. As of 2026-11-06; The "How it trades on rate days" block on this page carries the lines.

What does Core & Main Inc do?

Core & Main distributes water, wastewater, storm drainage and fire protection products across the United States. It supplies pipes, valves, hydrants and fittings used to build, repair and replace underground water systems, plus storm-drainage components such as piping, basins and drains. It also sells fire-protection equipment, smart water meters and related installation and engineering services. closelook.net has not set a formal peer group for it; the comparison the market draws is with Ferguson, which distributes overlapping plumbing and water infrastructure products to similar municipal and contractor customers. (Company snapshot of 2026-09-17.)

Where does Core & Main Inc sit in the AI build-out?

Core & Main carries no Rubin seat since it sits outside the AI build-out; it belongs to our industrials sleeve within the Russell 1000, where it acts as a distributor supplying materials and equipment to municipal and private water infrastructure rather than as a constraint inside any technology layer. It sits in the Russell 1000, carries no Closelooknet score yet, and has not been quoted or mentioned in our editions. (Company snapshot of 2026-09-17.)

What has Wall Street done on Core & Main Inc recently?

The most recent analyst action on Core & Main Inc on the Closelooknet wire is a initiation by Jefferies on 2026-11-04 (at Buy). 3 actions on the analyst wire since 2026-08-13: 1 initiation, 2 target changes. Analyst actions are third-party opinions recorded by the wire, not Closelooknet readings. The “The Street on this name” block on this page lists the moves; the full feeds are the analyst wire and the earnings wire.

What does this page show?

A live price chart with SMA overlays and drawing tools for CNM, performance metrics, index-membership context and the Closelooknet structure read — an investment research diary view, not investment advice.

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Related in the Closelooknet universe

then Industrial Distribution. Scored names rank on their Closelooknet score; names without one rank on trend state — above or below their 50- and 200-day averages — never on a score they do not carry.