Sell Core & Main (CNM)
Our position in Core & Main (CNM) has struggled since we took a swing at it just a few weeks ago, so I’m going to cut it loose today. SELL
I’ll also boot TopBuild (BLD) from our Watch List.
Stepping back, we’re seeing a mixed bag of performance in the building materials and construction-related space, with HVAC-related equipment and service providers seeming like one of the remaining strongholds performance-wise. Lennox International (LII) is an example here. We may get involved in the space with that angle, at some point.