Review Fastenal's (FAST) international revenue performance and how it affects the predictions of financial analysts on Wall Street and the future prospects for the stock.
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.