Core & Main, Inc.

Core & Main trades at a 21.64 P/E despite sitting 44.3 on RSI—nowhere near overbought territory—suggesting the market isn't pricing in euphoria. At $9.2B market cap with only 4.69% short interest, there's minimal squeeze risk or bearish positioning to unwind. The stock remains 52-week lows, implying recent weakness hasn't attracted significant short sellers betting on further decline. This valuation premium relative to wholesale-durable peers deserves scrutiny: either CNM commands a legitimate growth or profitability advantage, or it's pricing in recovery assumptions that could face headwinds. The neutral RSI leaves room to move in either direction without mechanical constraints.