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Stock Market & Financial Investment News

News Breaks
April 11, 2014
11:47 EDTGWW, FAST, HDSFastenal slips despite better than expected Q1 sales
Shares of industrial and construction supply retailer Fastenal (FAST) are lower after the company reported first quarter earnings per share which matched analysts' consensus and first quarter revenue that surpassed analysts' expectations. WHAT'S NEW: Fastenal's first quarter earnings per share of 38c mirrored analysts' consensus, while its revenue of $876.5M beat analysts' consensus of about $870M. Fastenal said that first quarter daily sales increased 8.7%. WHAT'S NOTABLE: During the company's earnings conference call, Fastenal said its business in January and February were "heavily" impacted by the winter weather. The company said it took a step back in the first quarter, but is very focused on 23% pre-tax growth. Fastenal said heavy equipment was very challenging for the company through FY13, though it is now seeing some nominal improvement in that business. If the situation is right, the company said it is open to future M&A opportunities. OTHERS TO WATCH: Other industrial products distributors include W.W. Grainger (GWW) and HD Supply (HDS). PRICE ACTION: During morning trading, shares of Fastenal slipped 95c or $1.87% to $49.75. Year-to-date, the stock is up a bit more than 4%.
News For FAST;GWW;HDS From The Last 14 Days
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July 30, 2015
10:00 EDTHDSOn The Fly: Analyst Upgrade Summary
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10:00 EDTGWWOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Altria Group (MO) downgraded to Outperform from Buy at CLSA... Baxter (BAX) downgraded to Market Perform from Outperform at Leerink... Changyou.com (CYOU) downgraded to Hold from Buy at Summit Research... Depomed (DEPO) downgraded to Neutral from Buy at Janney Capital... Euronet (EEFT) downgraded to Neutral from Buy at Monness Crespi... Foundation Medicine (FMI) downgraded to Market Perform at JMP Securities... Garmin (GRMN) downgraded to Underweight from Neutral at JPMorgan... Golden Star Resources (GSS) downgraded to Hold at Canaccord... Grainger (GWW) downgraded on negative catalysts at RBC Capital... Henry Schein (HSIC) downgraded to Hold from Buy at Evercore ISI... LINN Energy (LINE) downgraded to Market Perform from Outperform at Raymond James... LifeLock (LOCK) downgraded to Neutral from Buy at BofA/Merrill... LinnCo (LNCO) downgraded to Market Perform from Outperform at Raymond James... Manitowoc (MTW) downgraded to Hold from Buy at BB&T... PACCAR (PCAR) downgraded to Equal Weight on peak cycle concerns at Morgan Stanley... PG&E (PCG) downgraded to Neutral from Outperform at Credit Suisse... Pacer (PACR) downgraded to Equal Weight from Overweight at Morgan Stanley... Penn Virginia (PVA) downgraded to Sector Perform from Outperform at Scotia... Shutterfly (SFLY) downgraded to Market Perform at Raymond James... Terex (TEX) downgraded to Hold from Buy at BB&T... Total System (TSS) downgraded to Neutral at Baird... Whiting Petroleum (WLL) downgraded to Equal Weight from Overweight at Stephens... Whole Foods (WFM) downgraded to Equal Weight from Overweight at Morgan Stanley.
08:14 EDTGWWGrainger to acquire the U.K.'s Cromwell for $482M
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07:27 EDTGWWGrainger downgraded on negative catalysts at RBC Capital
As noted earlier, RBC Capital downgraded Grainger to Underperform from Sector Perform. Among the reasons for the downgrade are what the firm sees as the company's increased competition, negative mix shift, low pricing power, and high vulnerability to economic shifts. Target $205.
07:24 EDTHDSHD Supply upgraded on positive catalysts at RBC Capital
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06:36 EDTHDSHD Supply upgraded to Outperform from Sector Perform at RBC Capital
July 27, 2015
10:13 EDTHDSHigh option volume stocks
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July 23, 2015
08:24 EDTHDSHD Supply 30.5M share Block Trade priced at $35.50
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07:42 EDTHDSHD Supply equity sale by private equity removes overhang, says BofA/Merrill
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July 22, 2015
16:26 EDTHDSHD Supply files to sell 30.5M shares for Bain Capital and THD Holdings
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July 21, 2015
10:01 EDTFASTOn The Fly: Analyst Initiation Summary
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