New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 21, 2010
05:55 EDTFAST, FASTFastenal is headed for a solid year, Barron's reports
Hardware distributor Fastenal (FAST) was hard-hit by the recession, but the past two months have shown encouraging signs of a pickup. Known for its strong management and steady growth, Fastenal seems headed for a solid year as the economy rebounds. The company's solid balance sheet is another big plus. The company has $195M, or $1.32 a share, in cash and no debt. It pays a dividend that currently produces a 1.7% yield. Over the past five years, Fastenal has spent $250M to add stores and technology, expand its product line and establish a presence in China, Singapore and Malaysia. Despite the U.S. economy's ongoing struggles, the company's CEO Will Oberton sounds confident. Analysts think the stock, now at $47, could hit $54-$57 in a year. Reference Link
News For FAST From The Last 14 Days
Check below for free stories on FAST the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
July 18, 2014
11:25 EDTFASTOptions with decreasing implied volatility
Subscribe for More Information
July 16, 2014
10:35 EDTFASTOptions with decreasing implied volatility
Subscribe for More Information
July 15, 2014
10:37 EDTFASTOptions with decreasing implied volatility
Subscribe for More Information
July 14, 2014
10:00 EDTFASTOptions with decreasing implied volatility: SHPG INFY CWH FDO IDIX FAST
July 11, 2014
16:22 EDTFASTOn The Fly: Closing Wrap
Stocks on Wall Street were higher today, but were still lower for the week, as concerns in Europe have come back to the forefront of investors' minds. Today's modest bounce was not enough to make up for the declines seen in three of the other four sessions earlier in the week. ECONOMIC EVENTS: In the U.S., the June federal budget statement showed a surplus of $70.5B for the month, compared to analysts' forecast for a $79B surplus. COMPANY NEWS: Shares of Wells Fargo (WFC) slipped 32c, or 0.62%, to $51.49 after the largest mortgage lender in the U.S. posted earnings of $1.01 a share that matched analysts' consensus forecast. Wells did note that its credit performance continued to improve in Q2 and CEO John Stumpf said he is "optimistic about the future" for the bank... Lorillard (LO) advanced $2.92, or 4.63%, to $66.01, while Reynolds American fell 51c, or 0.82%, to $61.75, after the two cigarette makers confirmed that they are holding talks about a possible merger, as has been speculated by various media reports in recent weeks... In another update to an ongoing M&A story, Japan's Nikkei reported that Sprint's (S) corporate parent, Softbank (SFTBF), has reached an agreement to acquire T-Mobile (TMUS) from Deutsche Telecom (DTEGY), clearing the way for the long-speculated merger between the third and fourth largest wireless carriers in the U.S. Following the new story, Sprint shares finished the day up 30c, or 3.64%, to $8.55, while T-Mobile rose 62c, or 1.89%, to $33.50. MAJOR MOVERS: Among the notable gainers was Ruckus Wireless (RKUS), which advanced 87c, or 7.9%, to $11.88 after the FCC announced that it would allocate new funds to subsidize the launch of WiFi networks in schools and libraries. Also higher was Amazon.com (AMZN), which climbed $18.28, or 5.57%, to $346.20 after consulting firm ChannelAdvisor (ECOM) reported that the company's same-store sales growth had accelerated significantly in June compared with May. Among the noteworthy losers was Rent-A-Center (RCII), which dropped $3.18, or 10.94%, to $25.88 after the company warned that its revenue and earnings for Q2 will not meet expectations. Also lower were shares of industrial and construction supply retailer Fastenal (FAST), which fell $2.00, or 4.16%, to $46.15 after its Q2 revenue missed analysts' consensus view and the company reported plans to close 45 stores. INDEXES: The Dow was up 28.74, or 0.17%, to 16,943.81, the Nasdaq was up 19.29, or 0.44%, to 4,415.49, and the S&P 500 was up 2.83, or 0.14%, to 1,967.51.
11:15 EDTFASTFastenal tumbles after reporting earnings, announcing store closures
Subscribe for More Information
10:42 EDTFASTFastenal hopes to structurally improve gross margins
Says there is "plenty of room" for the company to improve gross margins over time.
10:16 EDTFASTFastenal to close 45 stores in 2H14
Subscribe for More Information
09:09 EDTFASTOn The Fly: Pre-market Movers
Subscribe for More Information
08:48 EDTFASTFastenal slips after results, levels to watch
Subscribe for More Information
06:54 EDTFASTFastenal reports Q2 EPS 44c, consensus 44c
Subscribe for More Information
July 10, 2014
15:13 EDTFASTNotable companies reporting before tomorrow's open
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use