October 12 - FDI Weekly Review

Our best performer was industrial supplier Fastenal (FAST +9.5%), which reported quarterly sales and earnings that exceeded analysts’ estimates, despite significant business disruptions due to Hurricane Helene last month. The results provide optimism for the wider economy as the Winona, Minn.-based supplier of screws, bolts, nuts and other fasteners is viewed as a barometer of nationwide business vitality.