Fastenal - Booming Construction Sector Leads to Strong Outlook!

Business drivers: Fastenal (FAST) is one of the leading US wholesalers for construction supplies. The wholesaler, which specializes in fasteners and connectors such as screws, nuts, or bolts, as well as tools, construction accessories, and safety equipment, is currently benefiting from the robust US construction sector. As the US Federal Reserve is expected to further lower interest rates later this year, this trend should continue. Recently, Fastenal has significantly expanded its segment focused on inventory and supply chain management applications,...