With earnings season kicking off, we'll break down an industrial stock reporting Friday and how to trade it. Earnings season occurs four times a year when many publicly traded companies release quarterly earnings reports, providing investors with detailed financial information such as revenue, profit, earnings per share, and other vital metrics. Historically, Alcoa Inc.
marked the start of earnings season, being one of the first major companies to report results. However, in recent years, large financial institutions like JPMorgan Chase, Citigroup, and Wells Fargo have often been the first to release their earnings reports, signaling the start of earnings season. All three are reporting this week, and while their results will be closely watched, these stocks have typically shown modest movement on earnings, with JPMorgan Chase averaging a 2% move over the past decade and Citigroup and Wells Fargo slightly higher at 2.
5% and 2.4%, respectively. On the other hand, Fastenal (FAST) has an average earnings-related move of more than 4.
3%. It has underperformed the S & P year-to-date, down nearly 2.5% and declining more than 20% since the late March highs.
FAST .SPX YTD mountain Fastenal vs. S & P 500 Fastenal is a U.
S.-based industrial supply company that primarily deals in the distribution of fasteners, including screws, nuts, bolts, and related hardware, as well as a wide range of industrial and construction supplies. The company operates through both physical store locations and.