Core & Main Soars 2.97% on Strong Q1 Earnings

Core & Main (CNM) surged to a record high today, with an intraday gain of 2.97%. The stock has been on a winning streak, rising for four consecutive days and gaining 4.71% over the past four days.

The strategy of buying CNM shares after they reach a recent high and selling them one week later delivered strong returns over the past five years. The strategy achieved a 224.39% return, vastly outperforming the benchmark return of 58.96%. The excess return was 165.43%, indicating the strategy's ability to capitalize on price movements. With a maximum drawdown of 0.00% and a Sharpe ratio of 1.83, the strategy also showcased robust risk management, maintaining principal value and generating returns relative to risk.

Core & Main's recent stock price increase can be attributed to its impressive fiscal 2025 first quarter results, which were announced on June 10, 2025. The company reported strong earnings per share of $0.52, meeting analyst expectations and contributing to the positive stock performance. Additionally, Core & Main was recently included in the Fortune 500 list for the first time, as reported on June 2, 2025. This recognition further boosted investor confidence in the company's growth prospects and financial stability.