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Stock Market & Financial Investment News

News Breaks
July 11, 2014
10:16 EDTFASTFastenal to close 45 stores in 2H14
Says feels "very good" with what the company has done in terms of sales so far this year. Says believes vending opportunity will be a 'big part' of the company's future. Says has very good sales momentum and has "great momentum" overall for the company going into the 2H14. Says needs to continue to work hard on the company's margins. Says will continue to invest heavily in distribution infrastructure and vending. During 2013 and 1H14, the company incurred some short-term debt to fund CapEx and dividends. This was expected and is expected to continue throughout the remainder of FY14 and possibly FY15. Comments made during the company's Q2 earnings conference call.
News For FAST From The Last 14 Days
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April 17, 2015
10:14 EDTFASTOptions with decreasing implied volatility
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April 16, 2015
10:15 EDTFASTOptions with decreasing implied volatility
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April 15, 2015
10:19 EDTFASTOptions with decreasing implied volatility
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April 14, 2015
10:34 EDTFASTOptions with decreasing implied volatility
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10:14 EDTFASTFastenal cites added store workers as reason for Q1 growth
The company said it added 1,000 workers between 3Q14 and 1Q15, with majority of the workers coming in the last half of Q1. Comments taken from Q1 conference call.
09:13 EDTFASTOn The Fly: Pre-market Movers.
UP AFTER EARNINGS: JPMorgan Chase (JPM), up 1%... Johnson & Johnson (JNJ), up marginally... Triangle Petroleum (TPLM), up 4.2%... Fastenal (FAST), up 5%. ALSO HIGHER: Brainstorm Cell Therapeutics (BCLI), up 13.5% after announcing that it will present NurOwn Phase 2a clinical data at the Academy of Neurology annual meeting... Builders FirstSource (BLDR), up 7.2% after being upgraded to Buy from Hold at Stifel... Solazyme (SZYM), up 7.5% after announcing a strategic agreement with Flotek (FTK)... Cleveland BioLabs (CBLI), up 6.8% after receiving funding recommendation from the Department of Defense... Nordic American Tanker (NAT), up 3.2% after raising quarterly dividend to 38c from 22c... Ocwen (OCN), up 3.8% after reporting preliminary fiscal 2014 results. DOWN AFTER EARNINGS: Wells Fargo (WFC), down just under 1%. ALSO LOWER: Norfolk Southern (NSC), down 5.8% after being downgraded to Hold from Buy at TD Securities... RXi Pharmaceuticals (RXII), down 14.3% after filing to sell $20M of common stock and warrants... Arrowhead Research (ARWR), down 4.5% after being downgraded to Hold from Buy at Jefferies.
06:52 EDTFASTFastenal reports Q1 daily sales $15,132; Reports Q1 daily sales growth rate 8.8%
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06:51 EDTFASTFastenal reports Q1 EPS 43c, consensus 41c
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April 13, 2015
15:38 EDTFASTNotable companies reporting before tomorrow's open
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11:42 EDTFASTFastenal technical comments ahead of results
The stock is trading close to the $40 level, a level that has been important support since 2011. When looking at a 5-year chart, the $40 area's importance is plain to see. If the news is negative and there is a breakdown below the $40 area it would be a major failure of support. In that event, support levels to watch as potential downside objectives would be at $38.56, $35.99, and $33.97. If the new is more bullish than the recent downtrend in price would suggest, the first major resistance level to watch would be at $45.11 which is the 50-day moving average. A breakout above the 50-day would see next resistance at $48.43, a pivot high from December 2014. While the moves up would be a near-term positive, the top of the trading range since early 2013 has been at the $53 area. It would take a breakout above $53 to turn the stock positive on a long-term basis.
April 7, 2015
10:05 EDTFASTOn The Fly: Analyst Downgrade Summary
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09:18 EDTFASTFastenal downgraded to Neutral from Buy at Northcoast
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09:15 EDTFASTFastenal downgraded to Neutral from Buy at Cleveland Research
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07:24 EDTFASTFastenal January volatility increases into Q1 and outlook
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