One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Fastenal stock cleared that benchmark Monday, with a jump from 61 to 81 Monday. IBD's proprietary RS Rating tracks market leadership by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes.
FAST's third-quarter 2024 results reflect an increase in unit sales driven by growth with larger customers, offset by unfavorable customer and product mix.
Fastenal scored enough of an Q3 beat to trigger an early breakout. But the more interesting news is in the report's details.