Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Sty ...

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Fastenal Company (FAST) has been benefiting through proficient management of operating expenses and a robust business model. The expansion of Onsite locations, especially those inaugurated in 2023 and 2022, coupled with the inclusion of large customers, has further propelled its growth trajectory. Additionally, Fastenal’s leverage in its digital strategy, onsite/offsite mix and market share gains across its product categories are expected to drive growth.Shares of this Winona, MN-based national wholesale di ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, it's pretty easy to find cutting-edge growth sto ...

Fastenal (FAST) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.The power of a cha ...

For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Fastenal (FAST) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.Fastenal is a member of the Retail-Wholesale sector. This group includes 218 individual stocks and currently holds a Zacks Sector Rank of #12. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of th ...

Fastenal Company (FAST) recently released its February sales report, wherein average daily sales or ADS grew 2.6% to $29.1 million, showing better growth sequentially but moderating annually. In the prior month, daily sales registered 1.6% growth, and in the year-ago period, the same registered 9.6% increase.The trend is better than the historical February daily sales growth average of up 1.6% month over month between 2018 and 2023 (excluding 2020). Net sales in February 2024 were $627.1 million, reflecting ...

The most recent trading session ended with Fastenal (FAST) standing at $74.32, reflecting a -0.03% shift from the previouse trading day's closing. This move lagged the S&P 500's daily gain of 0.51%. On the other hand, the Dow registered a gain of 0.2%, and the technology-centric Nasdaq increased by 0.58%.The maker of industrial and construction fasteners's stock has climbed by 6.99% in the past month, exceeding the Retail-Wholesale sector's gain of 4.13% and the S&P 500's gain of 2.94%.The investment commun ...

Fastenal Company FAST signed a distribution agreement with a leading global industrial developer of CleanTech laser cleaning systems and other material applications — Laser Photonics Corporation (“LPC”).Laser Photonics joined Fastenal in mid-January 2024. Per the deal, Laser Photonics will get access to FAST’s global distribution network, including a closely aligned supplier network, robust sourcing, quality, and manufacturing resources, and multiple teams of subject matter experts and support personnel. Al ...

WINONA, Minn.--(BUSINESS WIRE)--Fastenal Company (Nasdaq: FAST), a leader in the wholesale distribution of industrial and construction supplies, is proud to announce it has been awarded a silver medal from EcoVadis. The award, which is based on an assessment completed by EcoVadis in late 2023, signifies that the quality of Fastenal's sustainability management system ranks in the top 25% of all companies in all industries rated by EcoVadis. EcoVadis uses a broad range of criteria to score companies' sustain ...