Trade-Ideas: Core-Mark (CORE) Is Today's Strong And Under The Radar Stock

Trade-Ideas LLC identified Core-Mark (CORE) as a strong and under the radar candidate
By TheStreet Wire ,

Trade-Ideas LLC identified

Core-Mark

(

CORE

) as a strong and under the radar candidate. In addition to specific proprietary factors, Trade-Ideas identified Core-Mark as such a stock due to the following factors:

  • CORE has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $28.4 million.
  • CORE has traded 12.4328000000000002955857780762016773223876953125 options contracts today.
  • CORE is making at least a new 3-day high.
  • CORE has a PE ratio of 41.
  • CORE is mentioned 1.84 times per day on StockTwits.
  • CORE has not yet been mentioned on StockTwits today.
  • CORE is currently in the upper 20% of its 1-year range.
  • CORE is in the upper 35% of its 20-day range.
  • CORE is in the upper 45% of its 5-day range.
  • CORE is currently trading above yesterday's high.

'Strong and Under the Radar' stocks tend to be worthwhile stocks to watch for a variety of factors including historical back testing and price action. Market technicians refer to such stocks as being in an accumulation phase before a mark-up and peak. Traders and hedge funds have frequently found that these types of stocks continue to build a solid price base and then ultimately spike higher and peak when others 'discover' how good the stock is performing. By leveraging the social discovery aspect of StockTwits we are highlighting stocks that don't currently receive much attention from retail investors, but we suspect may soon garner more attention.

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More details on CORE:

Core-Mark Holding Company, Inc. markets fresh and broad-line supply solutions to the convenience retail industry. The stock currently has a dividend yield of 0.7%. CORE has a PE ratio of 41. Currently there are 3 analysts that rate Core-Mark a buy, no analysts rate it a sell, and none rate it a hold.

The average volume for Core-Mark has been 347,700 shares per day over the past 30 days. Core-Mark has a market cap of $2.1 billion and is part of the services sector and wholesale industry. The stock has a beta of 0.89 and a short float of 6.1% with 3.68 days to cover. Shares are up 14.6% year-to-date as of the close of trading on Thursday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Core-Mark as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, solid stock price performance, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel its strengths outweigh the fact that the company shows low profit margins.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 1.7%. Since the same quarter one year prior, revenues rose by 22.6%. This growth in revenue does not appear to have trickled down to the company's bottom line, displaying stagnant earnings per share.
  • The net income growth from the same quarter one year ago has exceeded that of the S&P 500 and the Distributors industry average. The net income increased by 3.6% when compared to the same quarter one year prior, going from $5.50 million to $5.70 million.
  • CORE MARK HOLDING CO INC reported flat earnings per share in the most recent quarter. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, CORE MARK HOLDING CO INC increased its bottom line by earning $1.11 versus $0.92 in the prior year. This year, the market expects an improvement in earnings ($1.40 versus $1.11).
  • Compared to its closing price of one year ago, CORE's share price has jumped by 58.15%, exceeding the performance of the broader market during that same time frame. We feel that the stock's sharp appreciation over the last year has driven it to a price level which is now somewhat expensive compared to the rest of its industry. The other strengths this company shows, however, justify the higher price levels.
  • CORE's debt-to-equity ratio is very low at 0.06 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Although the company had a strong debt-to-equity ratio, its quick ratio of 0.78 is somewhat weak and could be cause for future problems.

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