Core Insights - The article compares two stocks in the Manufacturing - Tools & Related Products sector: AB SKF (SKFRY) and Core & Main (CNM) to determine which is more attractive to value investors [1] - A strong Zacks Rank combined with a favorable Value grade is identified as an effective method for discovering value opportunities [2] Zacks Rank Comparison - AB SKF has a Zacks Rank of 2 (Buy), indicating a positive earnings outlook, while Core & Main has a Zacks Rank of 5 (Strong Sell) [3] Valuation Metrics - SKFRY has a forward P/E ratio of 18.06, compared to CNM's forward P/E of 23.08, suggesting SKFRY is more undervalued [5] - The PEG ratio for SKFRY is 1.62, while CNM's PEG ratio is 2.03, indicating SKFRY's earnings growth is more favorably priced [5] - SKFRY's P/B ratio is 1.97, significantly lower than CNM's P/B of 5.21, further supporting SKFRY's valuation attractiveness [6] Value Grades - SKFRY has a Value grade of B, while CNM has a Value grade of D, reinforcing the conclusion that SKFRY is the better option for value investors [6]

Looking into the current session, Core & Main Inc. (NYSE:CNM) shares are trading at $49.00, after a 0.51% decrease. Over the past month, the stock decreased by 0.28%, but over the past year, it actually spiked by 9.22%. With questionable short-term performance like this, and great long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio. A Look at Core & Main P/E Relative to Its CompetitorsThe P/E ratio is used by long-term shareholders to assess t ...

Core Insights - Core & Main Inc. (NYSE:CNM) is expanding its operations in Canada by acquiring Canada Waterworks, enhancing its growth potential in the region [1][3] - The acquisition is seen as a strategic move to build the Core & Main platform in Canada, particularly in Ontario [2][3] - Canada Waterworks specializes in water, wastewater, and storm drainage distribution in southern Ontario, which aligns with Core & Main's service offerings [3] Company Overview - Core & Main distributes water, wastewater, storm drainage, and fire protection products and related services primarily in the US [3] - The acquisition of Canada Waterworks will allow Core & Main to maintain a local presence in Canada while leveraging its resources for growth [3] Market Position - The company is recognized as a promising stock under $100, indicating potential investment interest [1] - While Core & Main shows promise, there are suggestions that certain AI stocks may offer greater upside potential with less downside risk [4]

Core Insights - The article compares two stocks in the Manufacturing - Tools & Related Products sector: AB SKF (SKFRY) and Core & Main (CNM) to determine which offers better value for investors [1] Valuation Metrics - AB SKF has a Zacks Rank of 1 (Strong Buy), indicating a positive earnings outlook, while Core & Main has a Zacks Rank of 4 (Sell) [3] - SKFRY's forward P/E ratio is 17.93, significantly lower than CNM's forward P/E of 23.55, suggesting SKFRY may be undervalued [5] - The PEG ratio for SKFRY is 1.61, compared to CNM's PEG ratio of 2.07, indicating SKFRY has a more favorable earnings growth outlook relative to its price [5] - SKFRY's P/B ratio is 1.97, while CNM's P/B ratio is 5.32, further supporting the argument that SKFRY is a better value investment [6] - Based on these metrics, SKFRY receives a Value grade of B, whereas CNM receives a Value grade of C, reinforcing the preference for SKFRY among value investors [6]

Group 1 - The analyst downgraded Core & Main, Inc. (NYSE: CNM) to a hold rating due to unfavorable macroeconomic conditions and weak guidance, indicating that the stock is unlikely to perform well in the near term [1] - The analyst has a diverse investing background, utilizing various approaches such as fundamental, technical, and momentum investing to refine their investment process [1] Group 2 - There is no current stock, option, or derivative position held by the analyst in any mentioned companies, nor are there plans to initiate any positions within the next 72 hours [2] - The article reflects the analyst's personal opinions and is not influenced by any compensation from companies mentioned [2]

Market Performance - The U.S. stock market is experiencing a robust trading session with major indexes reaching new record highs, driven by soft inflation data and strong earnings outlook from Oracle [1][2] - The S&P 500 is trading up approximately 0.3% to 0.5%, while the Nasdaq Composite is also gaining between 0.1% and 0.5% [2] - The Dow Jones Industrial Average is lagging, registering a decline of around 0.1% to 0.6%, primarily due to a significant drop in Apple shares [3] Economic Data - The August Producer Price Index (PPI) report showed wholesale inflation unexpectedly slipped 0.1% month-over-month, contrasting with expectations of a 0.3% rise, bolstering hopes for interest rate cuts by the Federal Reserve [4] - A preliminary revision to employment data revealed that 911,000 fewer jobs were created than initially reported, indicating a weakening labor market [5] Upcoming Events - Investors are anticipating the Federal Reserve's FOMC meeting on September 16-17, with an 88% to 90% probability of a 25-basis-point interest rate cut [6] - The August Consumer Price Index (CPI) report is due on September 11, which will provide insights into consumer-level inflation [7] Corporate Earnings - Oracle Corporation's shares surged by 35% to 40% following a boosted outlook for cloud infrastructure sales, anticipating a 77% increase to $18 billion this fiscal year [9][10] - Other tech companies like Broadcom, Nvidia, and AMD also saw significant stock price increases due to positive sentiment around AI [11] - Conversely, Apple shares fell between 1.5% and 3% after the unveiling of its iPhone 17 models, which investors found underwhelming [12] Notable Stock Movements - Klarna's shares surged 20% on its NYSE debut, indicating strong investor interest in the fintech sector [13] - GameStop's stock increased by 6% after announcing its Bitcoin holdings surpassed $500 million [13] - Synopsys shares plunged between 24% and 35% after missing earnings estimates and lowering its outlook [14] - JPMorgan Chase & Co. climbed 1.7% following optimistic forecasts for third-quarter revenues, while Core & Main, Inc. plummeted 25.4% after missing revenue estimates [15] Commodity Market - Oil prices are trending upward, with Brent crude futures near $67 a barrel and U.S. West Texas Intermediate crude futures around $63 to $64 a barrel, influenced by geopolitical tensions [17]

Group 1 - The analyst has over 14 years of experience in stock analysis and writing, with a focus on both long and short positions in an unbiased manner [1] - The primary focus of the analyst's coverage is on the energy sector, specifically the oilfield equipment services sector, for the past 7 years [1] - The analyst also covers the Industrial Supply industry and occasionally collaborates with another contributor [1]

Financial Performance - Core & Main reported quarterly earnings of 87 cents per share, exceeding the analyst consensus estimate of 79 cents per share [1] - The company reported quarterly sales of $2.093 billion, which fell short of the analyst consensus estimate of $2.138 billion [1] - Core & Main narrowed its FY2025 sales guidance from a range of $7.600 billion-$7.800 billion to $7.600 billion-$7.700 billion [1] Market Reaction - Following the earnings announcement, Core & Main shares fell 0.1% to $49.68 in the pre-market trading session [2] Analyst Ratings - RBC Capital analyst Mike Dahl maintained an Outperform rating on Core & Main but lowered the price target from $67 to $62 [4] - Barclays analyst Matthew Bouley also maintained an Overweight rating while cutting the price target from $69 to $65 [4]

Core Insights - The industrials sector has several oversold stocks, presenting potential buying opportunities for undervalued companies [1] - The Relative Strength Index (RSI) is a key indicator for identifying oversold conditions, with a value below 30 indicating potential undervaluation [1] Company Summaries - **Eve Holding Inc (EVEX)**: Recently secured a $230 million registered direct offering. The stock has fallen approximately 38% over the past month, with a 52-week low of $2.61. Current RSI is 29, and shares closed at $3.75, down 0.5% [8] - **Kirby Corp (KEX)**: Expanded share repurchase authorization to 8.8 million shares, reflecting confidence in earnings potential. The stock has decreased around 10% in the last month, with a 52-week low of $83.94. Current RSI is 28, and shares closed at $87.87, down 1.6% [9] - **Core & Main Inc (CNM)**: Reported mixed second-quarter results and narrowed FY25 sales guidance below estimates. The stock has dropped about 23% over the past five days, with a 52-week low of $37.22. Current RSI is 12.3, and shares closed at $49.70, down 25.4% [9]

Core Insights - The company is focused on the development of transcript-related projects, indicating a commitment to enhancing their offerings in this area [1] - The publication of thousands of quarterly earnings calls per quarter suggests a significant volume of content being generated and shared with readers [1] - The ongoing growth and expansion of coverage highlight the company's strategic direction towards increasing its market presence in transcript services [1]