4.7 • 1.7K Ratings
🗓️ 12 October 2021
⏱️ 18 minutes
🧾️ Download transcript
Airbnb and Nike both get upgrades from Wall Street analysts, but one seems a bit “fuzzier” than the other. Asit Sharma takes a closer look at the upgrades and analyzes the latest results from Fastenal.
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0:00.0 | It's Tuesday, October 12th, welcome to Marketfoolery. |
0:05.3 | I'm Chris Hill with me today, our man in North Carolina, Asad Charma. |
0:09.2 | Thanks for being here. |
0:10.2 | Thanks for having me as always, Chris. |
0:12.4 | We've got some upgrades to discuss in the travel industry and global apparel retail, |
0:17.8 | but we are going to start with the latest from Fast and All. |
0:21.7 | Third quarter profits from the industrial products maker came in higher than expected, shares |
0:26.6 | of Fast and All up a bit and close to a new all-time high. |
0:31.9 | This is not a household name, but Holy Cow are they in the business of household products? |
0:36.8 | I mean, you just go to the Fast and All website and it's hardware, lighting, sealers, electrical |
0:44.2 | equipment, batteries, fasteners. |
0:47.4 | This is a good report for them. |
0:50.8 | It's a great report, Chris, and it's a company that I bet lurks in the subconsciousness |
0:56.5 | of many people, if you've ever driven down the highway and just been half paying attention |
1:02.4 | and seen like a Fast and All truck plow past you. |
1:06.7 | It's a name that we're sort of familiar with, but like you say, it's not household, but |
1:11.4 | a good company nonetheless for people who like industrial stocks and don't want something |
1:17.7 | too flashy, but companies that have these very solid models that just need optimization |
1:23.8 | over time, they sit in a great place in our economy, you know, Fast and All as the name |
1:30.0 | implies, actually also sells fastening products, fasteners. |
1:34.7 | You can think of it as a glue company in our economy. |
1:38.5 | And for that reason, I also like it as a bellweather of what's happening out in the larger |
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