Four Stocks to Watch After Fastenal Topped Forecasts
The stock responded by logging its best one-day performance since 1987, rising 17%.Sales... Fastenal Co. shareholders got a pleasant surprise on Friday, leaving investors to wonder what other companies can buck the economic headwinds. Sales climbed about 8%, and earnings topped forecasts. While the company said economic activity was still generally slow, the results showed that companies can still perform well in the current malaise. J.B. Hunt is one of the largest truckload carriers in the U.S., with rigs in every state in the Lower 48, making the company a good place to examine why freight is light. J.B. Hunt is expected to report earnings of $155 million, or $1.45 a share, on sales of $2.3 billion, according to FactSet.