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Fastenal Co (FAST) Q2 2020 Earnings Call Transcript
Fastenal Co (FAST) Q2 2020 Earnings Call Transcript

Image source: The Motley Fool.

Fastenal Co (NASDAQ: FAST)Q2 2020 Earnings CallJul 14, 2020, 10:00 a.m. ET

Operator

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Source Fool.com

Here's Why Dynavax Is Surging 6.1% Today
Here's Why Dynavax Is Surging 6.1% Today

Dynavax's (NASDAQ: DVAX) shares are climbing 6.1% as of 3:35 p.m. EDT on Tuesday after the company announced the first patients have been dosed in an early stage trial evaluating a COVID-19 vaccine

Why BeiGene Stock Jumped Today
Why BeiGene Stock Jumped Today

Shares of BeiGene (NASDAQ: BGNE) were jumping 10.6% higher as of 3:09 p.m. EDT on Tuesday. The nice gain came after Bloomberg reported that Hillhouse Capital plans to buy $1 billion worth of the

China Says It Will Punish Lockheed Martin for Selling Missile Parts to Taiwan
China Says It Will Punish Lockheed Martin for Selling Missile Parts to Taiwan

The U.S. State Department last week approved a deal to sell Taiwan $620 million worth of replacement parts and services to recertify its armory of Patriot Advanced Capability-3 missiles. Lockheed

Nasdaq Fights for Gains Tuesday; Has Align Finally Straightened Itself Out?
Nasdaq Fights for Gains Tuesday; Has Align Finally Straightened Itself Out?

For months, the Nasdaq Composite (NASDAQINDEX: ^IXIC) has dramatically outperformed other major market benchmarks. This week, investors have started to question whether the Nasdaq has come too far

Moderna Sets Date for Start of Coronavirus Vaccine Phase 3 TrialPhoto, wide shot, wide-angle lens,  Clinical research organization, sunset photo at golden hour, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/02f7778c-d723-4fb3-bdef-fabb7e5fc9c8.png
Moderna Sets Date for Start of Coronavirus Vaccine Phase 3 Trial

Moderna (NASDAQ: MRNA) has a start date -- at least an approximate one -- for the phase 3 clinical trial of its mRNA-1273 coronavirus vaccine candidate. The highly anticipated trial's estimated

Wells Fargo Shares Fall After Q2 Miss, Dividend Cut
Wells Fargo Shares Fall After Q2 Miss, Dividend Cut

Wells Fargo (NYSE: WFC) was the laggard among the three major U.S. banks reporting second-quarter earnings Tuesday morning. In contrast to peers JPMorgan Chase and Citigroup, it missed estimates

Walmart Leads $1.2 Billion Funding Round of Flipkart in IndiaPhoto, wide shot, wide-angle lens,  Conglomerate, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.theapi.app/temp/95f18fed-a4d6-4069-b489-4d050c74c618.png
Walmart Leads $1.2 Billion Funding Round of Flipkart in India

Walmart (NYSE: WMT) stock is getting a lift in Tuesday-afternoon trading, up more than 1% (the Dow Jones Industrial Average as a whole is up less than 1%) on news that the retail giant is expanding

Dow Jones Jumps as JPMorgan Beats Earnings Estimates, Walmart -- Prime's Competitor -- PraisedPhoto, wide shot, wide-angle lens,  Janitorial service, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/4d4e885c-79e9-4b8f-bd91-e9721cd7c2e9.png
Dow Jones Jumps as JPMorgan Beats Earnings Estimates, Walmart -- Prime's Competitor -- Praised

While the tech-heavy Nasdaq Composite slumped on Tuesday, the Dow Jones Industrial Average (DJINDICES: ^DJI) enjoyed a solid rally. The Dow was up about 0.85% at 1:05 p.m. EDT. This gain comes

Everything You Need to Know About Moderna's ValuationPhoto, wide shot, wide-angle lens,  Mental health care service, Midday, harsh overhead sunlight, directional sunlightt, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/7ce3b930-5e2a-4215-b686-0ad0eb0b922a.png
Everything You Need to Know About Moderna's Valuation

Shares of Moderna (NASDAQ: MRNA) have more than tripled so far this year as the biotech has quickly pushed its coronavirus vaccine, mRNA-1273, through the clinical trial process.

MRNA data by YChar

Why Alcoa Stock Jumped as Much as 10% Today
Why Alcoa Stock Jumped as Much as 10% Today

Shares of aluminum giant Alcoa (NYSE: AA) were higher by 10% around noon EDT on Tuesday. Although the company is set to report earnings on Wednesday, it has already announced results, so its report

Why Slack Technologies Stock Fell on Tuesday
Why Slack Technologies Stock Fell on Tuesday

Shares of Slack Technologies (NYSE: WORK) tumbled on Tuesday, declining as much as 7.5%. As of 1:10 p.m. EDT, shares were down 4%.

The growth stock's decline was likely primarily due to an overall

Why Lumber Liquidators Stock Just Popped 16%Photo, wide shot, wide-angle lens,  Department store, sunset photo at golden hour, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/57f223bf-67a0-476b-94dd-76010fccb266.png
Why Lumber Liquidators Stock Just Popped 16%

Shares of flooring products retailer Lumber Liquidators (NYSE: LL) are going through the roof in Tuesday trading, up 16.2% as of 1 p.m. EDT after the company's stock was upgraded by analysts at Loop

3M and MIT Working on Rapid COVID-19 Diagnostic TestPhoto, wide shot, wide-angle lens,  Heavy machinery, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.midjourneyapi.xyz/temp/c15253b0-7330-4605-a666-66954eaf6715.png
3M and MIT Working on Rapid COVID-19 Diagnostic Test

Industrial giant 3M (NYSE: MMM) is working with researchers from MIT to develop a rapid-response COVID-19 test. The test was selected by the National Institutes of Health (NIH) to be included in a

Kroger Tells Customers to Have Exact Change or Donate the DifferencePhoto, wide shot, wide-angle lens,  Personal care service, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/44547be2-b411-43fb-91ed-bf4a69577d94.png
Kroger Tells Customers to Have Exact Change or Donate the Difference

Buddy, can you spare a dime? Or a quarter, or a nickel, or a penny? Supermarket giant Kroger (NYSE: KR) is no longer giving coins as change at many of its stores and will require customers who pay

Workhorse Group Begins Delivery of Electric Package Vans to Ryder System for Rentals
Workhorse Group Begins Delivery of Electric Package Vans to Ryder System for Rentals

Electric delivery-van maker Workhorse Group (NASDAQ: WKHS) today said that it is beginning deliveries of its new C-Series vans, and that Ryder System (NYSE: R) will offer the C-Series to its

Why Endurance International Group Stock Was Soaring TodayPhoto, wide shot, wide-angle lens,  Computer hardware manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.theapi.app/temp/32e7a10f-efd0-424a-861f-2f3e0bb7ce02.png
Why Endurance International Group Stock Was Soaring Today

Shares of Endurance International Group (NASDAQ: EIGI) were climbing today after the cloud-based provider of services like website building and email marketing for small and medium-sized businesses

Here's Why WiMi Hologram Cloud Stock Is Crashing After Posting Impressive GainsPhoto, wide shot, wide-angle lens,  Software company, sunset photo at golden hour, photo by Marc Adamus: https://img.theapi.app/temp/9d624ad0-0157-4808-b12c-caf136345180.png
Here's Why WiMi Hologram Cloud Stock Is Crashing After Posting Impressive Gains

Shares of WiMi Hologram Cloud (NASDAQ: WIMI) are coming back down to earth after an unbelievable rally over the past week. There's no news specific to WiMi to explain the drop, but then again, there

Is Constellation Brands a Buy?
Is Constellation Brands a Buy?

Constellation Brands (NYSE: STZ) has been transforming itself into a premium alcohol distributor that gained ground in its primary beer business, as well as in wine and spirits.

The global pandemic

Where Will DocuSign Be in 5 Years?
Where Will DocuSign Be in 5 Years?

DocuSign (NASDAQ: DOCU) stock has been on a tear over the past year, handing shareholders almost a four-bagger over that short time period. With this incredible gain in the rearview mirror

Why Mohawk Industries Stock Dropped 11% This Morning
Why Mohawk Industries Stock Dropped 11% This Morning

Shares of flooring products manufacturer Mohawk Industries (NYSE: MHK) were pummeled this morning, falling 11.5% after the company revealed in an 8-K filing with the Securities and Exchange

Forget Apple, IBM Is a Better Dividend Stock
Forget Apple, IBM Is a Better Dividend Stock

A lot of investors are treating Apple (NASDAQ: AAPL) like a mature dividend stock these days. And why not? Apple's payouts have grown every year since the dividend policy was introduced in 2012. The

15 States Unite to Pave Way Forward for Electric TrucksPhoto, wide shot, wide-angle lens, soft focus,  Car manufacturer, sunset photo at golden hour, photo by Art Wolfe: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-iZxNvwmEDAT2zuvMswp8MrIk.png?st=2023-05-08T05%3A56%3A42Z&se=2023-05-08T07%3A56%3A42Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-08T03%3A27%3A06Z&ske=2023-05-09T03%3A27%3A06Z&sks=b&skv=2021-08-06&sig=hpaom2wRNOR4VGolGAMc0MX1MdH9zOmjK0MSBHrfkTo%3D
15 States Unite to Pave Way Forward for Electric Trucks

Besides the investors who have piled into shares of electric vehicle manufacturers like Tesla (NASDAQ: TSLA), Nikola (NASDAQ: NKLA), Workhorse Group (NASDAQ: WKHS), and Hyliion, which is going

This Under-the-Radar Chip Stock Is Up 350% This Year. Here's Why it Could Go Even Higher.Photo, wide shot, wide-angle lens,  Computer hardware manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.theapi.app/temp/32e7a10f-efd0-424a-861f-2f3e0bb7ce02.png
This Under-the-Radar Chip Stock Is Up 350% This Year. Here's Why it Could Go Even Higher.

If you're like most investors, you probably haven't heard of ACM Research (NASDAQ: ACMR).

The company makes single-wafer wet cleaning equipment for semiconductor manufacturers, and it's one of the

Citigroup Earnings Fall on Higher Credit Allowance, but It Beats Estimates
Citigroup Earnings Fall on Higher Credit Allowance, but It Beats Estimates

Citigroup (NYSE: C) posted earnings of $1.3 billion in the second quarter, a drop of 73% from the second quarter of 2019 and 48% from Q1. Earnings per share fell 74% to $0.50. Despite the