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Stock Market & Financial Investment News

News Breaks
December 20, 2013
10:17 EDTFASTFastenal slides after results, levels to watch
Shares are down over 6% to $45.01 at time of writing. At that price, next support is at $43.99, a pivot from September. Resistance is at $46.14.
News For FAST From The Last 14 Days
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April 16, 2014
10:51 EDTFASTOptions with decreasing implied volatility: DLLR FAST INTC
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April 15, 2014
10:23 EDTFASTOptions with decreasing implied volatility: FDO JNJ FAST EPB
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April 11, 2014
11:47 EDTFASTFastenal 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%.
10:41 EDTFASTFastenal says open to future M&A opportunities
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10:21 EDTFASTFastenal says January, February 'heavily' impacted by weather.
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09:13 EDTFASTOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Fastenal (FAST), up 3%... Wells Fargo (WFC), up 0.2%. ALSO HIGHER: H&R Block (HRB), up 5% after announcing a deal for BofI (BOFI) to acquire H&R Block's bank assets. Bofi up 9.4% after the deal announcement... Zynga (ZNGA), up 1.7% after naming new CFO, shares upgraded to Equal Weight at Morgan Stanley... SINA (SINA), up 2% after announcing up to $500M share repurchase program. DOWN AFTER EARNINGS: JPMorgan (JPM), down 3.7%... NQ Mobile (NQ), down 14.6%. ALSO LOWER: Gap (GPS), down 4% after reporting March SSS fell 6%, shares downgraded at Janney Capital... Voxeljet (VJET), down 16% after 3M share secondary offering priced at $15.00... Datawatch (DWCH), down 29% after cutting its second quarter revenue outlook.
06:55 EDTFASTFastenal reports Q1 EPS 38c, consensus 38c
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April 10, 2014
15:25 EDTFASTNotable companies reporting before tomorrow's open
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