CNM Forecast + Trading Strategies


Bullish Case: Analysts rate CNM favorably; institutional backing is strong. Historical price return data indicates a high probability of gains over the long term. Current implied volatility is relatively low, potentially stabilizing upward trends.


Bearish Case: Recent missed earnings and price decline raise caution. Market implied volatility suggests potential further declines, backed by higher put option volumes. Macroeconomic uncertainties could impact performance negatively.


Potential Outcomes:

1. Price surge on strong fundamentals (45%).

2. Stabilization due to institutional backing (35%).

3. Further decline from macro uncertainties (20%). High probability reflects strong historical returns, but market volatility is a concern.


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July 08, 2024


Core & Main Forecast

CNM      Core & Main











Correlated Assets

Assets that tend to move strongly with CNM



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.9)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.48)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.68)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.76)



Uncorrelated Assets

Assets with little price relationship to CNM



XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.48)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.68)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.76)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.9)



Anticorrelated Assets

Assets that tend to move strongly against CNM



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.9)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.48)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.68)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.76)





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