As the Q2 earnings season wraps, let’s dig into this quarter’s best and worst performers in the maintenance and repair distributors industry, including Fastenal (NASDAQ:FAST) and its peers.
Large-cap stocks have the power to shape entire industries thanks to their size and widespread influence.
With such vast footprints, however, finding new areas for growth is much harder than for smaller, more agile players.
When Wall Street turns bearish on a stock, it’s worth paying attention.
These calls stand out because analysts rarely issue grim ratings on companies for fear their firms will lose out in other business lines such as M&A advisory.
Joshua Brown, CEO of Ritholtz Wealth Management, picked Rocket Companies as his final trade on CNBC's Halftime Report. Toll Brothers and Fastenal were also highlighted by other analysts.
Fastenal stock surged after a double beat earnings report, but management warned growth is driven by market share gains amid a still-soft industrial backdrop
U.S. equities traded sideways on Monday as investor sentiment wavered following President Donald Trump's weekend announcement of a sweeping 30% tariff on all imports from the European Union and Mexico, set to take effect August 1.
Shares of industrial supplier Fastenal (NASDAQ:FAST) jumped 3.3% in the morning session after the industrial supplies company reported second-quarter results that topped Wall Street expectations for both profit and revenue.
