Fastenal Company (FAST)

55.66
0.37 0.66
NASDAQ
Prev Close 56.03
Open 56.12
Day Low/High 55.70 / 56.25
52 Wk Low/High 42.57 / 56.63
Volume 49.39K
Exchange NASDAQ
Shares Outstanding 575.16B
Market Cap 32.30B
P/E Ratio 32.03
Div & Yield N.A. (N.A)

Latest News

Two New Shorts

* Based on supply chain dislocations continuing  I am short Home Depot and Fastenal based on supply chain dislocation getting worse for a longer period of time.  EPS risks are high for both companies.

Fastenal Rated New Hold at Loop Capital

Earnings Kickoff, Trading GS and JPM, CPI, Lockheed Martin, Black Widow's Model

Earnings Kickoff, Trading GS and JPM, CPI, Lockheed Martin, Black Widow's Model

Perhaps a bigger deal Tuesday morning than second-quarter banking earnings will be the June data for consumer prices.

Not Another Manic Monday, Bond Bidding, Coinbase Excitement, Semiconductor Wars

Not Another Manic Monday, Bond Bidding, Coinbase Excitement, Semiconductor Wars

If you're looking for the meme traders, we found them. They're trading cryptocurrencies ahead of the Coinbase direct listing.

J&J's Pause, Nasdaq Thumbs Up, Amazon Prime Day, Apple Hi, Speed, Veeva Breakout

J&J's Pause, Nasdaq Thumbs Up, Amazon Prime Day, Apple Hi, Speed, Veeva Breakout

Now, that we have confirmation from the Nasdaq Composite, I think we can say equity markets are indeed back in what I would consider an uptrend.

Let's Bolt

Danielle DiMartino Booth observes a tell from my old favorite, Fastenal -- and that is another negative datapoint on manufacturing: Machine Shop Industrial Output was down 18.1% y-o-y in June, hardly a recovery from April's record -21.3% low; Fasten...

We'll Be Checking on These Corporate Earnings Next Week

Next week the June quarter earnings season maelstrom kicks off with 115 companies, including 32 S&P 500 constituents, reporting their latest quarterly results. In recent days we've seen a number of companies up their outlook for the quarter but we'v...

Fastenal Rated New Buy at Deutsche Bank

Fastenal's Charts and Indicators Are Constructive: Here's Our Strategy

Fastenal's Charts and Indicators Are Constructive: Here's Our Strategy

A look at this industrial supply and distribution company after the release of its first-quarter numbers.

Inflationary Concerns, Banks Report Earnings, Netflix Soars: Market Recon

Inflationary Concerns, Banks Report Earnings, Netflix Soars: Market Recon

I did warn publicly back in another epoch that quantitative easing would lead toward increased consumer level inflation.

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 ...