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)
Latest Fastenal Miss Renews Shorting Play

Latest Fastenal Miss Renews Shorting Play

Valuations suggest growth, which the company is struggling to achieve.

My Takeaways and Observations

I made my second generational low call in seven years today. Peak Bonds. And a generational low in yields has possibly been reached. Peak Greed! Buyers live higher and sellers live lower in a marketplace dominated by machines and algos. Price moment...

Not So FAST

Fastenal -- which is a short of mine -- is down some 2.5% so far this morning after reporting an earnings miss. I chose FAST back in February as my pick for the world's worst stock. Click here to see why.

Fed Heads Tour Heats Up for Earnings Season

Fed Heads Tour Heats Up for Earnings Season

Next week will bring out Federal Reserve Presidents in droves as Alcoa leads off June-quarter earnings reports.

I'm Getting Shorter All the Time

I used this morning brief opening rally to increase my short exposure by adding to my short of the SPDR S&P 500 ETF (SPY). I might be wrong in going so short, but at least I'm consistent! In fact, I've added to several of the shorts in my book over ...

Shorts Are Feeling Boxed In

They're betting on a continuation of fundamental deterioration.

My Takeaways and Observations

Buyers live higher, sellers live lower. Markets are still Fed-centric and governed by the last lean by Yellen. Ali Ali Ali!  Here's a very good column from El Capitan.   Apple (AAPL) is Crapple (Part Deux)  Fastenal (FAST) is always a good proxy for...

Fastenal Dips on Weak May Sales

Fastenal's (FAST) shares are lower on weak May sales.

My Outlook for the Market's Major Sectors

This is the fourth installment of my views on the market's individual sectors, in which I periodically offer my short-term outlook (three to four months out) for each of Wall Street's major segments. My core sector views stem from the following assu...

Fastenal: A Perfect Candidate for Shorting

Fastenal: A Perfect Candidate for Shorting

Look to short this stock if the price exceeds $48 in the next few weeks.

Adding to Seven Shorts

I added to the following individual shorts today: Caterpillar (CAT), Lincoln National (LNC), MetLife (MET), Starbucks (SBUX), Fastenal (FAST), Disney (DIS) and Comcast (CMCSA)

My Takeaways and Observations

Lessons from Byron Wien and Cole Porter.  But Hussman is even more bearish than me! I "defriended" Facebook (FB) again.  I did little trading today as I was focused on my taxes! High of the days with about seventy minutes to go. What's bad is new an...

The Book Of Boockvar

Peter Boockvar chimes in on small investors, the Bank of Japan and other subjects today: "After a rough couple of weeks, the Nikkei 225 got an overnight respite with the modest drop in the yen and a backtrack from the Bank of Japan. After a clear re...

U.S. Futures Rise as Markets Look to Reverse Monday's Decline

U.S. Futures Rise as Markets Look to Reverse Monday's Decline

U.S. indices look to reverse yesterday's losses as crude prices continue their climb. 

Look for Companies That Defy Innovation

Look for Companies That Defy Innovation

They may be boring, but they've managed to last -- and pay off.

From The Street of Dreams (Part Deux)

Sterne Agee is initiating Fastenal (FAST) with a "Neutral" rating. Real Money and Real Money Pro columnists recently gave their picks for "The Worst Stock in the World," and I chose FAST.

My Current 'Best Ideas' List

With the changes made over the last week or so, I'm now down to only five longs on my "Best Ideas" list vs. 21 at the peak. I'm also up to 21 shorts (a new peak). My current "Best Long Ideas": DuPont (DD), Hartford Financial (HIG), Macy's (M), Oaktr...

Today's Trades

I've done of a lot of trading today. To recap, I've: Reduced my bank longs across the board. Sold off my biotech basket. Added small to my shorts of Amazon (AMZN) at $574, Apple (AAPL) at $100, "B" shares of Berkshire Hathaway (BRK.A, BRK.B) at $136...

The Gospel According to Matthew and Markets

The Gospel According to Matthew and Markets

A biblical phrase encapsulates stock behaviors that happen with regularity.

My Outlook for the Market's Major Sectors (Part 1)

"Yellen is wrong -- and she has a lot of company. It is an amazing reality that, among economists, the faith in the possibility of endless expansions has survived the 2008-2009 financial crisis and the Great Recession. What history teaches is disqui...

Shorting Amazon, Starbucks, Berkshire and Fastenal

I'm putting in short offerings (above the market price) on the following stocks: Amazon (AMZN) Starbucks (SBUX) B shares of Berkshire Hathaway (BRK.A, BRK.B) Fastenal (FAST)

Not So Fast, FAST

Fastenal (FAST) -- my pick for the "Worst Stock in the World" -- is up some 11%, so I've added to my short at $44 a share. FAST reported that January net sales fell 1.6% year over year to $308.3 million, but that daily sales were up 3.3% to $15.42 m...

Fastenal Is the Worst Stock in the World

The Street has asked contributors to nominate their choices for "The Worst Stock in the World," with Jim "El Capitan" Cramer set to pick the winner based on the technical and/or fundamental analysis provided. In case you missed my selection earlier ...

Why Fastenal Is the World's Worst Stock

Why Fastenal Is the World's Worst Stock

Problems abound for this industrial-supply wholesale firm.

Today's Takeaways and Observations

My thoughts on the day: I outlined my near- and intermediate-term outlook in parts one and two of this morning's opening salvo. I moved in dramatic fashion from a relatively large net long exposure taken on a week ago Wednesday and Thursday to a sma...

Hold Fast, Fastenal Is Ready for Take-Off

Hold Fast, Fastenal Is Ready for Take-Off

This stock could rebound to north of $50.

What Fastenal and Sam Zell Are Telling Us Is More Important Than Earnings

Often the most relevant information has nothing to do with the latest results.

The Book of Boockvar

Peter Boockvar touches on central bankers and the weak earnings picture in this morning's commentary: "While IBM (IBM) has its issues, the response to its earnings is a reminder that at least so far this earnings season, your stock is fine as long a...

Not So Fast; Fastenal's Technicals Sputter

Not So Fast; Fastenal's Technicals Sputter

The stock will have to decline to a level that really attracts buyers or trade sideways to develop a better base.