Fastenal Co. (FAST)

41.69
0.37 0.88
NASDAQ : Distribution Services
Prev Close 42.06
Open 41.92
Day Low/High 41.33 / 42.71
52 Wk Low/High 26.71 / 42.27
Volume 4.37M
Avg Volume 5.70M
Exchange NASDAQ
Shares Outstanding 572.82M
Market Cap 23.59B
EPS 1.40
P/E Ratio 29.63
Div & Yield 1.00 (2.31%)

Latest News

Fastenal Cut to Underweight at JPMorgan

Housekeeping Item

I covered a small short today for a modest gain.

Liquid

For those that are keeping score, I am very liquid today... Longs: , , , , , ,   , , , , and Shorts: , , , , , , , , , and __________ Long FDX (large), GLD (small), KSS, KHC (large), PZZA, TWTR (large), VIAC (large), M (large), GE (small), C, BAC, W...

Bull Market, Treasury Notes and Green Investing: Market Recon

Bull Market, Treasury Notes and Green Investing: Market Recon

BlackRock's doin' it, Microsoft's doin' it, so all traders should think about ESG-based investing.

My Takeaways: A Noisy Monday

Monday saw another (albeit small) market advance -- with a narrow trading range. It was good action for the bulls considering the incremental trade news. Also, we heard a lot of noise but nothing definitive: * Breadth was negative -- with around -40...

New Buy (and Short) Levels

* My revised levels I don't want there to be any ambiguity about the size of my positions or about my buy and short levels as I strive for as much transparency as possible. "When the time comes to buy, you won't want to." - Walter Deemer "When the t...

My Recent Trading and Investing

I was quite active in my trading and investing over the last two days (while I was on the West Coast and not writing in my Diary). Here is a summary of my actions: * I have added to my private equity shorts - (a new position) joins . * I have reesta...

An Optimistic Note

"Power is okay, and stupidity is usually harmless. Power and stupidity together are dangerous"  - Patrick Rothfuss, The Name of the Wind The S&P 500 futures continue to be up just a tad over 1% in pre-market action. Looks like we still start the day...

Chinese Sweet Talk, Banks Perk Up, and a Swing at Cintas: Market Recon

Chinese Sweet Talk, Banks Perk Up, and a Swing at Cintas: Market Recon

Plus, a look at the uncertain prospects for a Saudi Aramco initial public offering.

Rethinking Monetary Policy, Oil Rises and an Amazon Options Rush: Market Recon

Rethinking Monetary Policy, Oil Rises and an Amazon Options Rush: Market Recon

But trading calls and puts in Amazon requires you to know your risk tolerance big-time.

The Book of Boockvar

More on Powell from Peter Boockvar (note his comments on Fastenal , a long term investment short I frequented discussed in the past as an excellent proxy for U.S. manufacturing): The main worry I have with the Fed and what could be a cycle of rate c...

FOMC, Q1 Earnings, Brexit, IPOs, Disney Investor Day: Market Recon

FOMC, Q1 Earnings, Brexit, IPOs, Disney Investor Day: Market Recon

Nations will never abandon the debt super-cycle that they have created unless there is a public loss of faith in fiat.

Earnings, the Fed, Government Shutdown,Trading Microsoft: Market Recon

Earnings, the Fed, Government Shutdown,Trading Microsoft: Market Recon

This shutdown is starting to feel different from those that we have experienced in the past, is it not?

Listen Carefully for These Clues of an Economic Slowdown

Listen Carefully for These Clues of an Economic Slowdown

Here are tools for gauging the state of the U.S. and global economies and how they could impact the markets.

Night Moves

"Workin' on our night moves Trying to lose the awkward teenage blues Workin' on out night moves In the summertime And oh the wonder Felt the lightning And we waited on the thunder Waited on the thunder." -- Bob Seger, Night Moves  Overnight the S&P ...

Dumbest Comments in the Business Media

"More recently (of two days vintage), a biz media commentator and a "talking head" on CNBC - after the Netflix beat and initial sharp share price rise (which has now been aborted) - both confidently said, this week, that the earnings report would be...

An Open Letter to Larry Kudlow

"We believe that free market capitalism is the best path to prosperity!" - The Kudlow Creed Dear Larry, You and I go way back - we have been friends for many years. I deliver this letter to you out of respect and in recognition of that friendship. I...

Doing Some 'Housekeeping'

I have covered my small Fastenal short at $51.60 just now. The shares are -$4 on disappointing earnings. I am also taking the stock off of my Best Ideas List (short) as I have other short "fish to fry."

Let's Focus on China and a Potential Cold War of a Trading Kind: Market Recon

Let's Focus on China and a Potential Cold War of a Trading Kind: Market Recon

We consider possible impacts of an extended trade war, which Alibaba's Jack Ma thinks could last 20 years.

What to Watch Wednesday

With today's trading over and done, let's turn our gaze to what awaits us Wednesday. On the earnings front, it's a pretty light dance card with only industrial and construction supply company Fastenal and payment technology company USA Technologies ...

My Book

Here is a list of the positions I own (long and short) that have been mentioned in my Diary: Longs: puts, large, small, , small, , large, , small, , , small, large, calls, TWTR large, small Shorts: SPY calls, SPY Large, , small, tagends, small, smal...

My Book

Here is a list of the positions I own (long and short) that have been mentioned in my Diary: Longs: puts, large, small,  , small, , , large, , small, small, small, small, large, large, small. Shorts: SPY calls, SPY large, large, small, tagends, smal...

VERY LIQUID

After having taken gains in a long list of shorts and longs over the last month, my book (in terms of the number of holdings and in my gross exposure) has rarely ever been smaller than it is today. I usually have more than 40 positions (long and sho...

Winners (and Losers) From the China Trade War: Market Recon

Winners (and Losers) From the China Trade War: Market Recon

Cloud and defense are still looking good, but watch out for retail names.

The Book of Boockvar

Peter Boockvar looks at this week's most important thing (besides soccer) - the upcoming earnings report from Fastenal : "Second-quarter earnings reports are upon us - fortunately, because we can finally hear directly from Corporate America as to: -...

From The Street of Dreams

BMO Capital has lowered its price target by $3 to $54 on Fastenal . Keeping stock at "market perform".