Fastenal Company (FAST)

51.45
NASDAQ
Prev Close 51.34
Day Low/High 50.53 / 51.88
52 Wk Low/High 48.84 / 64.75
Exchange NASDAQ
Shares Outstanding 575.61B
Market Cap 29.55B
P/E Ratio 32.03
Div & Yield N.A. (N.A)

Premarket Movers

Upside - +49% (confirms to be acquired by Halozyme at $5.60/shr in $960M all-cash deal) - +38% (to be acquired for $55.00/shr in cash by GlaxoSmithKline in $1.9B deal) - +11% (strength ahead of Needham conference presentation) -  +5.7% (earnings, gu...

Inflation, Fed's Brainard, Ruby Tuesday, Markets, Ukraine War, Defense Stocks

Inflation, Fed's Brainard, Ruby Tuesday, Markets, Ukraine War, Defense Stocks

We're probably not that far off from another bear market rally. That said, trading this market is going to be like doing the booby trap course at Camp Lejeune at night.

Long Story Short: This First Trust ETF Has a Lot to Like

Long Story Short: This First Trust ETF Has a Lot to Like

Let's take a deep dive into the First Trust Long/Short Equity exchange-traded fund, which looks to make gains on shorted stocks as well as additional profit from levered positions.

Big Bang Theory, Economic Activity, Bond Yields, Markets, ARK, Oil Stocks

Big Bang Theory, Economic Activity, Bond Yields, Markets, ARK, Oil Stocks

Plus, Ford and Rivian, and SoFi Technologies' national bank charter.

Let's Look at Fastenal Stock Ahead of Earnings

Let's Look at Fastenal Stock Ahead of Earnings

The producer of industrial and construction supplies is scheduled to report earnings Wednesday morning.

The Market's B-Team Names Bounce

The Market's B-Team Names Bounce

We're seeing laggards rise, while some S&P stars are sliding.

A Cover and an Add

I have covered my Fastenal short for a loss. I have added to my long at $17.55.

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. This column is a continued commitment towards that sort of disclosure. "Wh...

Short Adds

I added to the following individual shorts today: ($54.01), ($175.39), and ($338.87).

Where the S&P and Nasdaq Stand, The New Green Team, Trading Southwest and Pfizer

Where the S&P and Nasdaq Stand, The New Green Team, Trading Southwest and Pfizer

With earnings season starting in earnest Wednesday, both indexes have offered investors nothing but lower highs coupled with lower lows since the start of September.

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...