Fastenal (NASDAQ:FAST) 주식

Fastenal

Fastenal began as an industrial retailer, expanding its product portfolio from nuts and bolts to cutting tools, safety equipment, and janitorial supplies. It transitioned into a distributor by building out a dense network of branches close to its business customers. Once a customer becomes large enough, Fastenal installs vending machines and its own personnel on-site. Today, these on-site locations exceed Fastenal's branch count and remain the firm's main focus for expansion. Fastenal acts as a one-stop outsourcing partner for its industrial customers, offering value-added services along with a wide breadth of maintenance, repair, and operations supplies.

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월스트리트는 주말을 강력한 분위기로 마감했다. 주요 지수들이 수년 만에 가장 좋은 주간 실적을 기록했으며, 트레이더들은 미-중 무역 전쟁의 격화가 양측의 세 자릿수 관세 인상으로 이어진 가운데 가까운 시일 내에 해결될 것이라고 자신하는 모습이었다.

주식, 관세 위기에 대한 하락 매수로 다년간 최고의 주간 수익률을 기록

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금요일(11일) 아침 미국 지수 선물이 상승세를 보이는 가운데, 오늘 투자자들의 관심을 끌 만한 주식은 다음과 같다.

금요일 주목해야 할 주식: JP모건, 웰스파고, 모건스탠리, 패스널 및 뱅크오브뉴욕멜론

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CNN 머니 공포·탐욕 지수는 전반적인 시장 심리가 개선된 것으로 나타났지만 금요일에는 여전히 &#39;공포&#39; 영역에 머물렀다.금요일(17일) 미국 증시는 다우존스 지수가 장중 300포인트 이상 상승하는 등 상승세로 마감했다.

테슬라·엔비디아 상승 속 나스닥 1.5% 급등: 투자 심리 개선되었으나 여전히 &#39;공포&#39; 영역

Fastenal Co

FAST ACCOUNTING CO LTD by FAST ACCOUNTING CO LTD.

FASTIGHETS AB BALDR U/ADR by FASTIGHETS AB BALDER

FASTIGHETS AKTIEBLAET AKB by FASTIGHETS AKTIEBOLAGET

FAST CASUAL CONCEPTS INC by FAST CASUAL CONCEPTS INC.

Fast Casual Concepts Inc

FAST FINANCE PAY CORP by Fast Finance Pay Corp.

Fast Finance Pay Corp

FAST RETAILING CO LTD by Fast Retailing Co. Ltd.

Fast Retailing Co Ltd

FAST RETAILING UNSP/ADR by Fast Retailing Co. Ltd.

Fastbase Inc

FASTIGHETS BALDER B NEW by FASTIGHETS AB BALDER

Fastighets AB Balder

Fastly Inc

Fastned BV

Analyst Ratings

Live On CNBC, Bill Baruch Announces Bought Fastenal

A significant insider transaction involving the exercise of company stock options was reported on April 28, by DANIEL FLORNESS, CEO at Fastenal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>), as per the latest SEC filing.
What Happened: FLORNESS, CEO at Fastenal, made a strategic move by exercising stock options for 50,000 shares of FAST as detailed in a Form 4 filing on Monday with the <a href="https://www.sec.gov/Archives/edgar/data/0000815556/000081555625000090//Archives/edgar/data/815556/000081555625000090/0000815556-25-000090-index.htm">U.S. Securities and Exchange Commission</a>. The transaction value amounted to $2,629,999.
The latest update on Tuesday morning shows Fastenal shares down by 0.01%, trading at $80.1. At this price, FLORNESS's 50,000 shares are worth $2,629,999.
<h3>Discovering Fastenal: A Closer Look</h3>
Fastenal opened its first fastener store in 1967 in Winona, Minnesota. Since then, it has greatly expanded its footprint as well as its products and services. Today, Fastenal serves its 400,000 active customers through approximately 1,600 branches, over 2,000 on-site locations, and 15 distribution centers. Since 1993, the company has added other product categories, but fasteners remain its largest category at about 30%-35% of sales. Fastenal also offers customers supply chain solutions, such as vending and vendor-managed inventory.
<h3>Fastenal's Economic Impact: An Analysis</h3>
Revenue Growth: Over the 3 months period, Fastenal showcased positive performance, achieving a revenue growth rate of 3.39% as of 31 March, 2025. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Interpreting Earnings Metrics:
<ul>
<li>
Gross Margin: With a high gross margin of 45.11%, the company demonstrates effective cost control and strong profitability relative to its peers.
</li>
<li>
Earnings per Share (EPS): Fastenal's EPS lags behind the industry average, indicating concerns and potential challenges with a current EPS of 0.52.
</li>
</ul>
Debt Management: Fastenal's debt-to-equity ratio is below the industry average at 0.13, reflecting a lower dependency on debt financing and a more conservative financial approach.
Evaluating Valuation:
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<li>
Price to Earnings (P/E) Ratio: With a higher-than-average P/E ratio of 40.05, Fastenal's stock is perceived as being overvalued in the market.
</li>
<li>
Price to Sales (P/S) Ratio: With a relatively high Price to Sales ratio of 6.05 as compared to the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Fastenal's EV/EBITDA ratio of 27.26 exceeds industry averages, indicating a premium valuation in the market
</li>
</ul>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
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<h3>Exploring the Significance of Insider Trading</h3>
Insider transactions, although significant, should be considered within the larger context of market analysis and trends.
Within the legal framework, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise.
However, insider sells may not always signal a bearish view and can be influenced by various factors.
<h3>Transaction Codes Worth Your Attention</h3>
In the domain of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> frequently turn their focus to those taking place in the open market, as meticulously outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000815556">Check Out The Full List Of Fastenal's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Engaging In Options Activity, DANIEL FLORNESS Exercises Options Valued At $2.63M In Fastenal

Fastenal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) has outperformed the market over the past 20 years by 5.24% on an annualized basis producing an average annual return of 13.27%. Currently, Fastenal has a market capitalization of $47.09 billion. 
Buying $1000 In FAST: If an investor had bought $1000 of FAST stock 20 years ago, it would be worth $12,120.32 today based on a price of $82.09 for FAST at the time of writing.
<h3>Fastenal's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1745532017_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 20 Years Ago Would Be Worth This Much Today

Fastenal Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) ('Fastenal', the 'Company', 'we', 'our', or 'us') announced today that its board of directors approved a two-for-one stock split of the Company's outstanding common stock to be effected through an amendment to the Company's Restated Articles of Incorporation (the 'Amendment'). The Amendment will also effect a proportionate increase in the number of shares of authorized common stock.
Holders of record of the Company's common stock at the close of business on May 5, 2025 will receive one additional share of common stock for every share of common stock they own. The stock split will take effect at the close of business on May 21, 2025, and trading is expected to begin on a split-adjusted basis on or about May 22, 2025.

Stock Split

Fastenal Company Announces 2-For-1 Stock Split. Expected To Begin On A Split-Adjusted Basis On Or About May 22, 2025

Fastenal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) has outperformed the market over the past 15 years by 2.18% on an annualized basis producing an average annual return of 12.45%. Currently, Fastenal has a market capitalization of $46.88 billion. 
Buying $1000 In FAST: If an investor had bought $1000 of FAST stock 15 years ago, it would be worth $5,806.41 today based on a price of $81.73 for FAST at the time of writing.
<h3>Fastenal's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1745016311_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Fastenal Stock In The Last 15 Years

Live On CNBC, Josh Brown Names Northrop Grumman, Fastenal As Top Picks

Fastenal's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NYSE">FAST</a>) short percent of float has risen 3.28% since its last report. The company recently reported that it has 14.22 million shares sold short, which is 2.83% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.34 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Fastenal Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1744729224_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Fastenal has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Fastenal's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Fastenal's peer group average for short interest as a percentage of float is 5.46%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

What's Driving the Market Sentiment Around Fastenal?

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Citigroup cut Archer-Daniels-Midland Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADM#NYSE">ADM</a>) price target from $51 to $49. Citigroup analyst Thomas Palmer maintained a Neutral rating. Archer-Daniels-Midland shares closed at $46.43 on Monday. <a href="https://www.benzinga.com/quote/ADM/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Keybanc slashed the price target for DoorDash, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>) from $240 to $230. Keybanc analyst Justin Patterson maintained an Overweight rating. DoorDash shares closed at $181.85 on Monday. See how other analysts <a href="https://www.benzinga.com/quote/DASH/analyst-ratings">view this stock</a>.</li>
<li>Stephens &amp; Co. increased Fastenal Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) price target from $75 to $80. Stephens &amp; Co. analyst Tommy Moll maintained an Equal-Weight rating. Fastenal shares closed at $81.30 on Monday. <a href="https://www.benzinga.com/quote/FAST/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Piper Sandler cut the price target for EastGroup Properties, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGP#NYSE">EGP</a>) from $175 to $172. Piper Sandler analyst Alexander Goldfarb maintained a Neutral rating. EastGroup Properties shares closed at $156.60 on Monday. <a href="https://www.benzinga.com/quote/EGP/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Mizuho cut the price target for Zoom Communications Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) from $105 to $71. Mizuho analyst Siti Panigrahi maintained an Outperform rating. Zoom Communications shares closed at $71.98 on Monday. <a href="https://www.benzinga.com/quote/CM/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JP Morgan slashed Science Applications International Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIC#NASDAQ">SAIC</a>) price target from $148 to $140. JP Morgan analyst Seth Seifman maintained an Overweight rating. Science Applications International shares settled at $117.55 on Monday. <a href="https://www.benzinga.com/quote/SAIC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies cut Sempra (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRE#NYSE">SRE</a>) price target from $77 to $75. Jefferies analyst Julien Dumoulin-Smith maintained a Hold rating. Sempra shares closed at $69.73 on Monday. <a href="https://www.benzinga.com/quote/SRE/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Evercore ISI Group slashed Arista Networks Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) price target from $130 to $100. Evercore ISI Group analyst Amit Daryanani maintained an Outperform rating. Arista Networks shares closed at $73.59 on Monday.  <a href="https://www.benzinga.com/quote/ANET/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan increased the price target for Triumph Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGI#NYSE">TGI</a>) from $17 to $26. JP Morgan analyst Seth Seifman upgraded the stock from Underweight to Neutral. Triumph shares settled at $24.90 on Monday. <a href="https://www.benzinga.com/quote/TGI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Baird raised Alignment Healthcare, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALHC#NASDAQ">ALHC</a>) price target from $17 to $22. Baird analyst Michael Ha maintained an Outperform rating. Alignment Healthcare shares closed at $19.13 on Monday. <a href="https://www.benzinga.com/quote/alhc/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying ALHC stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="619" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/15095450/image-115-1024x619.png" alt="" class="wp-image-872258" style="width:590px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/15095450/image-115-1024x619.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/15095450/image-115-300x181.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/15095450/image-115-768x464.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/15095450/image-115.png 1085w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Alignment Healthcare To Rally Around 15%? Here Are 10 Top Analyst Forecasts For Tuesday

Stephens &amp; Co. analyst Tommy Moll maintains Fastenal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) with a Equal-Weight and raises the price target from $75 to $80.

Stephens & Co. Maintains Equal-Weight on Fastenal, Raises Price Target to $80

B of A Securities analysts Andrew Obin and Sabrina Abrams shared their expectations for industrial stocks <a href="https://www.benzinga.com/earnings" target="_blank" rel="noreferrer noopener">ahead of first-quarter earnings</a>.
The analysts project the earnings to be a beat or at par, which is expected to be supported by strong second-quarter performances from industrial distributors like Fastenal Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) and MSCI Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSCI#NYSE">MSCI</a>).
The analyst adds that a key risk is that investors won&#8217;t see any &#8220;bad&#8221; news, negative surprises, or downward estimate revisions until the second-quarter earnings season. He projects companies maintaining or lowering 2025 guidance.
Obin and Abrams anticipate capital expenditure and operating expense decisions to be made in the mid-to-late second quarter, positioning the third quarter as a potential earnings trough.
In particular, they foresee increased U.S. investment, particularly in areas with lower labor intensity and established supply chain infrastructure that can be scaled efficiently.
The analyst says that pricing power remains a potential upside risk to the outlook, while a broader economic downturn could weigh on results.
Following the April 9 announcement of a 90-day pause on reciprocal tariffs, the analysts are proactively reducing the estimates due to elevated uncertainty and the continuation of established tariffs (minimum 10%, with<a href="https://www.benzinga.com/news/25/04/44779286/trumps-tariff-pause-stirs-markets-goldman-sachs-reverses-recession-call-and-more-this-week-in-economy"> some as high as 145% on Chinese imports)</a>.
They lowered the second-quarter adjusted EPS forecast by 9%, the full-year 2025 forecast by 6%, and the 2026 forecast by 3.5%.
Overall, the analysts revised the price forecast for 22 companies in the sector ahead of the earnings season.
Obin and Abrams named 3M Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>), Johnson Controls International plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>) and GE Vernova Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>) as their top picks.
3M: They lowered the price forecast from $179 to $170 (with a Buy rating) and project margin upside driven by <a target="_blank" href="https://www.benzinga.com/quote/mmm/analyst-ratings" rel="noreferrer noopener">ongoing cost reduction initiatives</a>.
For the first quarter, Obin and Abrams forecast adjusted EPS of $1.73 (slightly below consensus of $1.75) and organic revenue growth of 1.4% (vs consensus of 1.8%).
Johnson Controls: The analysts slashed the price forecast from $100 to $95 and wrote that the company remains <a href="https://www.benzinga.com/quote/jci/analyst-ratings" target="_blank" rel="noreferrer noopener">a portfolio transformation story.</a> They estimate quarterly adjusted EPS of $0.79 (in line with consensus).
GE Vernova: The analysts see a price <a target="_blank" href="https://www.benzinga.com/quote/GEV/analyst-ratings" rel="noreferrer noopener">forecast of $485 at a Buy rating</a>.
They believe the company stands out for delivering some of the strongest earnings growth in their coverage despite lingering concerns about slower data center electricity demand.
The analysts expect decent first-quarter orders (but not huge) and a potential upside from margins.
They estimate the first-quarter adjusted EBITDA of $0.3 billion (in line with the Visible Alpha consensus), with 2% year-over-year revenue growth (6% on an organic basis) and adjusted EPS of $0.08.
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Photo: Shutterstock

MSCI

BofA Sees Mostly Inline Q1 For Industrials, Highlights 3M, JCI, GE Vernova As Top Picks

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Truist Securities cut Winnebago Industries, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WGO#NYSE">WGO</a>) price target from $50 to $38. Truist Securities analyst Michael Swartz maintained a Buy rating. Winnebago shares closed at $31.12 on Friday. <a href="https://www.benzinga.com/quote/WGO/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Keybanc slashed the price target for Celanese Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CE#NYSE">CE</a>) from $76 to $71. Keybanc analyst Bradley Thomas maintained an Overweight rating. Celanese shares closed at $38.38 on Friday. <a href="https://www.benzinga.com/quote/CR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Wells Fargo lowered Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) price target from $37 to $31. Wells Fargo analyst Steven Cahall downgraded the rating for the stock from Equal-Weight to Underweight. Comcast shares closed at $33.72 on Friday. See how other analysts <a href="https://www.benzinga.com/quote/CMCSA/analyst-ratings">view this stock</a>.</li>
<li>Citigroup cut the price target for Cricut, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRCT#NASDAQ">CRCT</a>) from $6 to $4. Citigroup analyst Asiya Merchant downgraded the stock from Neutral to Sell. Cricut shares closed at $4.89 on Friday. <a href="https://www.benzinga.com/quote/CRCT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JMP Securities cut the price target for Warby Parker Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WRBY#NYSE">WRBY</a>) from $30 to $22. JMP Securities analyst Devin Ryan maintained a Market Outperform rating. Warby Parker shares closed at $14.80 on Friday. <a href="https://www.benzinga.com/quote/WRBY/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JP Morgan slashed Flywire Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLYW#NASDAQ">FLYW</a>) price target from $16 to $9. JP Morgan analyst Tien-Tsin Huang downgraded the stock from Neutral to Underweight. Flywire shares settled at $8.53 on Friday. <a href="https://www.benzinga.com/quote/FLYW/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Baird increased Fastenal Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) price target from $80 to $86. Baird analyst David Manthey maintained a Neutral rating. Fastenal shares closed at $80.64 on Friday. <a href="https://www.benzinga.com/quote/FAST/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Goldman Sachs slashed Choice Hotels International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHH#NYSE">CHH</a>) price target from $141 to $138. Goldman Sachs analyst Lizzie Dove upgraded the stock from Sell to Buy. Choice Hotels International shares closed at $124.87 on Friday.  <a href="https://www.benzinga.com/quote/CHH/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Truist Securities cut the price target for Wells Fargo &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) from $84 to $73. Truist Securities analyst John McDonald maintained a Buy rating. Wells Fargo shares settled at $62.51 on Friday. <a href="https://www.benzinga.com/quote/WFC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Keybanc raised Corteva, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTVA#NYSE">CTVA</a>) price target from $70 to $71. Keybanc analyst Bradley Thomas maintained an Overweight rating. Corteva shares closed at $59.28 on Friday. <a href="https://www.benzinga.com/quote/ctv/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying CTVA stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="581" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/14093218/image-101-1024x581.png" alt="" class="wp-image-870225" style="width:545px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/14093218/image-101-1024x581.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/14093218/image-101-300x170.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/14093218/image-101-768x435.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/14093218/image-101.png 1097w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Corteva To Rally Around 20%? Here Are 10 Top Analyst Forecasts For Monday

Baird analyst David Manthey maintains Fastenal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) with a Neutral and raises the price target from $80 to $86.

Baird Maintains Neutral on Fastenal, Raises Price Target to $86

Wall Street ended the week on a strong note, with major indices posting their best weekly performance in years, as traders appeared confident that the escalation in the U.S.-China trade war — which led to triple-digit tariff increases on both sides — would be resolved in the near term.
Not even a shocking University of Michigan survey on consumer sentiment — revealing the most pronounced stagflation concerns in decades — nor fears of stress in the Treasury market were enough to curb the surge in dip-buying activity that emerged in the final <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44764554/consumer-sentiment-crashes-to-3-year-lows-as-inflation-expectations-spike-to-1981-highs">day of the week.</a>
<h1 class="wp-block-heading">Wall Street Rallies, Treasury Stress Fades</h1>
The S&amp;P 500 index, as tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), closed at 5,363, up 1.8% on the day and 5.7% for the week, marking its best weekly performance since October 2023.
From its lows earlier in the week, the index jumped 11% and now sits just four percentage points below the level it held prior to President Donald Trump's tariff announcement on April 2.
The Nasdaq 100 index, tracked by the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), also rose 1.8% on Friday, bringing weekly gains to 7.5% — its strongest performance since November 2022.
Since Monday's lows, tech stocks have surged 13% and are now about three percentage points below pre-tariff levels.
The Dow Jones Industrial Average, tracked by the SPDR Dow Jones Industrial Average ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>), rose 1.6%, extending weekly gains to 4.9%, the best week for blue chips since October 2023.
From the week's lows, the Dow has gained about 10%, and it currently trades nearly five percentage points below the level prior to the tariff news.
Materials were the best-performing sector on Friday, with the Materials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>) closing 3.5% higher, buoyed by strong rallies in mining stocks.
The VanEck Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>) jumped 5.7% on the day and nearly 20% for the week, reaching levels last seen in 2012, as gold prices continued to break record highs.
Tensions in the Treasury market, which had triggered concern in Washington earlier in the day as the 30-year yield hit 5% and the 10-year surpassed 4.5%, eased by the close. The 30-year yield retreated sharply to 4.85%, while the 10-year settled at 4.47%. The iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) ended in the green, up 0.54%.
Oil prices rose 2.1% to $61.50 a barrel, and copper climbed 4.8%, signaling easing fears about global economic conditions.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) also reflected the improved risk sentiment, rising more than 5% to $83,850.
<h1 class="wp-block-heading">S&amp;P 500&#8217;s Top 5 Performers</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Company Name </th>
<th>% Change</th>
</tr>
</thead>
<tbody>
<tr>
<td>Monolithic Power Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPWR#NASDAQ">MPWR</a>)</td>
<td>+9.74%</td>
</tr>
<tr>
<td>Newmont Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>)</td>
<td>+7.67%</td>
</tr>
<tr>
<td>Huntington Ingalls Industries Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HII#NYSE">HII</a>)</td>
<td>+7.63%</td>
</tr>
<tr>
<td>Moderna Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>)</td>
<td>+6.89%</td>
</tr>
<tr>
<td>Fastenal Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>)</td>
<td>+6.42%</td>
</tr>
</tbody>
</table>
</figure>
<h1 class="wp-block-heading">Nasdaq 100&#8217;s Top 5 Performers</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Company Name </th>
<th>% Change</th>
</tr>
</thead>
<tbody>
<tr>
<td>Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>)</td>
<td>+10.02%</td>
</tr>
<tr>
<td>Fastenal Co.</td>
<td>+6.41%</td>
</tr>
<tr>
<td>Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>)</td>
<td>+5.49%</td>
</tr>
<tr>
<td>Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)</td>
<td>+5.20%</td>
</tr>
<tr>
<td>Applied Materials Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>)</td>
<td>+4.83%</td>
</tr>
</tbody>
</table>
</figure>
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Photo: <a href="https://www.shutterstock.com/g/BOY+Suttiphong">Sutthiphong Chandaeng</a> via Shutterstock

Stocks Notch Best Week In Years As Dip Buying On Tariff Crisis Gathers Momentum

WIIM

Fastenal shares are trading higher following a Q1 revenue beat.

Wall Street regained momentum, reversing early-session losses and pushing major indexes into positive territory by midday trading in New York, as investors welcomed upbeat bank earnings and cooler-than-expected inflation data, while largely shrugging off trade war concerns after China raised tariffs on <a href="https://www.benzinga.com/markets/25/04/44756353/xi-jinping-says-there-are-no-winners-in-tariff-war-as-china-slaps-125-tariffs-on-us-goods-urges-trump-to-immediately-correct-wrongdoings">U.S. goods to 125%.</a>
Producer prices cooled to 2.7% year-over-year in March, well below the 3.3% consensus, while the monthly figure declined by 0.4% — the steepest drop since 2023. 
A day earlier, consumer prices also eased more than expected. However, both inflation reports predate the implementation of new trade tariffs. The University of Michigan's latest consumer sentiment index fell sharply to 50.4, its lowest since June 2022 and below expectations. 
Meanwhile, inflation expectations surged: short-term projections hit their highest since 1990, and long-term views reached levels last seen in 1981, underscoring growing concerns over persistent price pressures. In the bond market, the 30-year Treasury yield retreated to 4.90% after briefly touching 4.99% during intraday trading. 
The dollar pared some losses, though it remained near its lowest level since April 2022, based on a trade-weighted index. 
JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) topped first-quarter earnings estimates and issued upbeat guidance, lifting its shares nearly 3% and outpacing peers. 
Gold prices extended their rally, jumping 1.9% to a record $3,230 per ounce — poised for their strongest weekly gain since March 2020. The surge in bullion and silver — with the latter rising over 3% on Friday — sparked strong gains in mining stocks. 
The VanEck Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>) soared 5.5% on Friday and nearly 20% for the week, heading for its highest level since December 2012. 
Newmont Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>), the world's largest gold miner, jumped 9% on the day and 25% on the week, marking its best weekly performance since 1998.
<h3 class="wp-block-heading">Friday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices </td>
<td>Price</td>
<td>1-day %</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>18,623.30</td>
<td>1.5%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,333.87</td>
<td>1.2%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>40,056.72</td>
<td>1.2%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1,838.01</td>
<td>0.4%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:40 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rallied 1.3% to $531.82.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 1.2% to $400.45.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;soared 1.5% to $452.67.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 0.4% to $182.36.</li>
<li>The&nbsp;Materials&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>) outperformed, up 2.3%; the&nbsp;Consumer Discretionary&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) lagged, down 0.1%.</li>
</ul>
<h3 class="wp-block-heading">S&amp;P 500&#8217;s Top 5 Performers On Friday</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Company Name </th>
<th>% Change</th>
</tr>
</thead>
<tbody>
<tr>
<td>Newmont Corp. </td>
<td>+8.73%</td>
</tr>
<tr>
<td>Monolithic Power Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPWR#NASDAQ">MPWR</a>)</td>
<td>+7.55%</td>
</tr>
<tr>
<td>Huntington Ingalls Industries Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HII#NYSE">HII</a>)</td>
<td>+6.87%</td>
</tr>
<tr>
<td>Fastenal Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>)</td>
<td>+6.83%</td>
</tr>
<tr>
<td>The Mosaic Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOS#NYSE">MOS</a>)</td>
<td>+6.12%</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">S&amp;P 500&#8217;s Worst 5 Losers On Friday</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Company Name </th>
<th>% Change</th>
</tr>
</thead>
<tbody>
<tr>
<td>Charles River Laboratories International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRL#NYSE">CRL</a>)</td>
<td>-6.25%</td>
</tr>
<tr>
<td>Texas Instruments Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>)</td>
<td>-6.19%</td>
</tr>
<tr>
<td>SanDisk Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNDK#NASDAQ">SNDK</a>)</td>
<td>-3.93%</td>
</tr>
<tr>
<td>Norwegian Cruise Line Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>)</td>
<td>-3.30%</td>
</tr>
<tr>
<td>Warner Bros. Discovery Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>)</td>
<td>-3.23%</td>
</tr>
</tbody>
</table>
</figure>
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Wall Street Rebounds, JPMorgan Jumps On Strong Q1 Earnings: What's Driving Markets Friday?

U.S. stocks were lower, with the Dow Jones index dipping over 250 points on Friday.
Shares of Fastenal Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) rose sharply during Thursday's session following better-than-<a href="https://www.benzinga.com/news/earnings/25/04/44761872/fastenal-beats-revenue-estimates-in-q1-but-margins-narrow-as-costs-rise">expected first-quarter sales.</a>
Fastenal on Friday reported first-quarter 2025 revenue of $1.959 billion, a 3.4% year-over-year increase and slightly above the $1.95 billion consensus estimate. Adjusting for one less selling day and the absence of Good Friday in March, net daily sales grew 5.0%.
Fastenal shares jumped 3.3% to $78.31 on Friday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>CeriBell, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBLL#NASDAQ">CBLL</a>) shares jumped 30.3% to $14.52.</li>
<li>Recursion Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXRX#NASDAQ">RXRX</a>) gained 28% to $5.77.</li>
<li>Simulations Plus, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLP#NASDAQ">SLP</a>) rose 19.3% to $30.72. The stock may be moving up after the FDA stated plans to phase out animal testing requirements for monoclonal antibodies and other drugs.</li>
<li>Zai Lab Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZLAB#NASDAQ">ZLAB</a>) gained 16.2% to $28.26.</li>
<li>Absci Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABSI#NASDAQ">ABSI</a>) rose 15.2% to $2.8300.</li>
<li>Schrödinger, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SDGR#NASDAQ">SDGR</a>) gained 13.6% to $21.84.</li>
<li>Regencell Bioscience Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGC#NASDAQ">RGC</a>) jumped 13.55% to $32.07.</li>
<li>Certara, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CERT#NASDAQ">CERT</a>) rose 12.6% to $11.84. Baird analyst Joe Vruwink maintained Certara with a Neutral and raised the price target from $9 to $13.</li>
<li>Ginkgo Bioworks Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DNA#NYSE">DNA</a>) gained 12% to $8.18.</li>
<li>BeiGene, Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONC#NASDAQ">ONC</a>) gained 10.6% to $230.00.</li>
<li>Newsmax, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NMAX#NYSE">NMAX</a>) gained 10.6% to $28.11.</li>
<li>AngloGold Ashanti plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AU#NYSE">AU</a>) rose 8.5% to $42.15.</li>
<li>Amarin Corporation plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMRN#NASDAQ">AMRN</a>) jumped 7.6% to $9.72.</li>
</ul>
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Fastenal Posts Better-Than-Expected Sales, Joins Simulations Plus, Certara And Other Big Stocks Moving Higher On Friday

Fastenal Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) on Friday reported <a href="https://www.benzinga.com/pressreleases/25/04/b44757854/fastenal-company-reports-2025-first-quarter-earnings" target="_blank" rel="noreferrer noopener">first-quarter 2025 revenue</a> of $1.959 billion, a 3.4% year-over-year increase and slightly above the $1.95 billion consensus estimate. Adjusting for one less selling day and the absence of Good Friday in March, net daily sales grew 5.0%.
Foreign exchange rates reduced sales by around 50 basis points, unlike the minimal impact in 2024. Unit sales increased, driven by more customer sites spending over $10K monthly and modest growth in average sales per site.
Weighted FASTBin/FASTVend signings fell 4.6% YoY to 6,418; Weighted FASTBin/FASTVend installations rose 12.4% YoY to 129,996.
Related: <a href="https://www.benzinga.com/25/04/44728744/top-wall-street-forecasters-revamp-fastenal-price-expectations-ahead-of-q1-earnings">Top Wall Street Forecasters Revamp Fastenal Price Expectations Ahead Of Q1 Earnings</a>
In the first quarter, FAST's Digital Footprint represented 61% of sales, an increase from 59.2% a year earlier. The company also reported a 2.4% increase in customer sites, generating over $10,000 in monthly sales and 6.9% growth in Onsite-like locations. These high-value sites contributed 80.7% of total sales, up from 78.9% in Q1 2024.
The gross margin contracted to 45.1% from 45.5% in the prior-year quarter, primarily due to a lower-margin customer/product mix and higher transport costs, partly offset by increased supplier incentives.
Operating income was $393.9 million, down 0.9%, and the margin was 20.1%, a decline from 20.6% last year.
The company reported first-quarter earnings per share of 52 cents, matching analyst expectations.
Fastenal's operating cash flow for the quarter was $262.2 million, a decrease of 21.8% year over year. The company held cash and equivalents of $231.8 million as the end of March.
The company returned $246.7 million in dividends during the quarter, up from $223.2 million last year, with no stock buybacks in either period. Total debt remained at $200 million, representing 5.1% of total capital, slightly down from 5.5% a year ago.
Fastenal signed 6,418 weighted FASTBin and FASTVend devices in Q1 2025. The company maintains its full-year target of 28,000 to 30,000 MEUs.
Full-year capex is expected between $265–$285 million, rising from $214.1 million in 2024 due to higher distribution, IT, and FMI spending.
Dividend: Fastenal declared a second-quarter cash <a href="https://www.benzinga.com/pressreleases/25/04/b44750561/fastenal-company-announces-cash-dividend" target="_blank" rel="noreferrer noopener">dividend</a> of $0.44 per share, payable on May 23 to shareholders of record as of April 25—up one cent from the first quarter.
Price Action: FAST shares were trading higher by 3.49% at $78.44 at the last check Friday.
Read Next: <a href="https://www.benzinga.com/general/market-summary/25/04/44756747/us-stocks-likely-to-open-lower-as-volatility-persists-before-bank-earnings-fed-is-likely-to-cut-rates-again-on-june-18th-says-expert">US Stock Futures Recover After Early Dip, Poised To Open Higher Amid Volatility: &#8216;Fed Is Likely To Cut Rates Again On June 18th,&#8217; Says Expert</a>
Photo: Shutterstock/T. Schneider

Fastenal Beats Revenue Estimates In Q1 But Margins Narrow As Costs Rise

Fastenal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) reported quarterly earnings of $0.52 per share which met the analyst consensus estimate. This is unchanged from the same period last year. The company reported quarterly sales of $1.96 billion which beat the analyst consensus estimate of $1.95 billion by 0.45 percent. This is a 3.38 percent increase over sales of $1.90 billion the same period last year.

Earnings Beats

Fastenal Q1 2025 GAAP EPS $0.52, Inline, Sales $1.96B Beat $1.95B Estimate

Editor&#8217;s Note: This story has been updated to include the latest U.S. stock futures data.
U.S. stock futures edged higher Friday morning, rebounding after a weak Thursday session that saw markets lose momentum. Major benchmark index futures traded in positive territory during premarket hours after initially opening in the red.
Data from the Bureau of Labor Statistics on Thursday showed the<a href="https://www.benzinga.com/news/econ-s/25/04/44733390/march-inflation-rate-cools-far-more-than-expected-raises-hopes-for-near-term-fed-rate-cuts"> annual inflation rate falling</a> to a six-month low of 2.4% in March, down from 2.8% in February and below the expected 2.6%.
Monthly, the Consumer Price Index contracted by 0.1%, a decrease from the previous month&#8217;s 0.2% increase and below the anticipated 0.1% rise, marking the lowest monthly reading since May 2020.
Investors will keep an eye on the headline and core producer price index data for March and April&#8217;s consumer sentiment data, slated to be released later today. Major banks will kick off the earnings season as they report earnings before the market opens on Friday.
The 10-year Treasury bond yielded 4.40% and the two-year bond was at 3.80%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing a 61.6% likelihood of the Federal Reserve keeping the current interest rates unchanged in its May meeting. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.61%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.49%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>1.05%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.67%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, were trading higher in premarket on Friday. The SPY was up 0.62% to $524.58, while the QQQ declined 0.71% to $446.18, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From Last Session:
Energy, information technology, and communication services sectors led Thursday&#8217;s U.S. stock market decline, overshadowing a rise in consumer staples.
The broader market saw the Dow Jones briefly plunge over 1,000 points as investors considered economic risks despite a newly announced 90-day tariff pause.
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) was down 4%, Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) declined 6%, and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) slipped 7% as these were the significant individual stock decliners.
On the economic front, the Consumer Price Index fell to 2.4% in March, below expectations, with monthly inflation turning negative for the first time since May 2020.
After Thursday&#8217;s fall, the Nasdaq 100 index was 17.46% lower than its previous high of 22,222.61 points. The S&amp;P 500 index was down 14.31% from its record of 6,147.43 points, and the Dow Jones declined 12.16% from its 52-week high of 45,073.63 points.
The Dow Jones index dropped 1,015 points or 2.50% to 39,593.66, whereas the S&amp;P 500 index declined 3.46% to 5,268.05. Nasdaq Composite tumbled to end 4.31% lower at 16,387.31, and the small-cap gauge, Russell 2000, slipped 4.27% to 1,831.39.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-4.31%</td>
<td>16,387.31</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-3.46%</td>
<td>5,268.05</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-2.50%</td>
<td>39,593.66</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-4.27%</td>
<td>1,831.39</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
As the U.S. Core consumer price inflation excluding food and energy moved down to 2.81%, the lowest level since March 2021. And the overall U.S. CPI moved down to 2.39% in March, the lowest level since February 2021.
&#8220;Fed is likely to cut rates again on June 18th,&#8221; said Charlie Bilello from Creative Planning in an X post.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Overall US CPI moved down to 2.39% in March, the lowest level since February 2021. US Core CPI (ex-Food/Energy) moved down to 2.81%, the lowest level since March 2021. Based on this data the Fed is likely to cut rates again on June 18th (25 bps cut down to 4.00-4.25%). <a href="https://t.co/2qI8nO4nDz">pic.twitter.com/2qI8nO4nDz</a>
&mdash; Charlie Bilello (@charliebilello) <a href="https://twitter.com/charliebilello/status/1910313873929892200?ref_src=twsrc%5Etfw">April 10, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
He added that this data &#8220;should be enough for the Fed to resume cutting rates in June.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">US Core CPI Inflation is back below 3% for the first time in 4 years. This should be enough for the Fed to resume cutting rats in June.<a href="https://t.co/l5IYmkeySJ">https://t.co/l5IYmkeySJ</a> <a href="https://t.co/pvOHrTLqaL">pic.twitter.com/pvOHrTLqaL</a>
&mdash; Charlie Bilello (@charliebilello) <a href="https://twitter.com/charliebilello/status/1910315991218659582?ref_src=twsrc%5Etfw">April 10, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
As tech stocks experienced significant volatility following President Donald Trump‘s tariff announcements, Alexander Morris, CEO of F/m Investments, viewed the pullback as a buying opportunity for select Magnificent 7 companies.
"We have long been investors in the Mag 7 — not all of them, but a handful of them — and you'll see us more into some Apple, which seems to be at a discount," Morris told Reuters. "We picked up some Meta, which seemed to have done well."
Morris recommends investors maintain a disciplined portfolio allocation, like a 60-40 mix, through market volatility, noting the repeated resurgence of such strategies.
He advises choosing an allocation and sticking with it through market cycles until life events necessitate a change, emphasizing its self-balancing nature. Morris also cautions against market timing, as significant returns often occur within a few key days throughout the year.
&#8220;The concern going forward is that prices will rise and the economy will slow,&#8221; said Cooper Howard, director, fixed income strategy at the Schwab Center for Financial Research. &#8220;This will put the Fed in a difficult place.&#8221;
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on Friday:
<ul>
<li>The headline and core producer price index data for March will be released by 8:30 a.m. ET.</li>
</ul>
<ul>
<li>April&#8217;s preliminary consumer sentiment data will be announced, while St. Louis Fed President Alberto Musalem speaks at 10:00 a.m. ET.</li>
</ul>
<ul>
<li>New York Fed President John Williams will speak at 11:00 a.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) was up 0.019% in premarket on Friday as it is expected to report earnings before the opening bell. Analysts expect a quarterly earnings of $2.20 per share on revenue of $16.57 billion.</li>
</ul>
<ul>
<li>Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) was 1.13% lower as Wall Street expects it to report earnings of $1.24 per share on revenue of $20.75 billion before the opening bell.</li>
</ul>
<ul>
<li>JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) rose 0.7% as it is expected to report earnings before the opening bell. Analysts expect a quarterly earnings of $4.61 per share on revenue of $44.11 billion.</li>
</ul>
<ul>
<li>Bank of New York Mellon Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>) dropped 1.16% as Wall Street expects it to report earnings of $1.51 per share on revenue of $4.77 billion before the opening bell.</li>
</ul>
<ul>
<li>BlackRock Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) was 0.14% higher as it is expected to report earnings before the opening bell. Analysts expect a quarterly earnings of $11.19 per share on revenue of $5.53 billion.</li>
</ul>
<ul>
<li>Fastenal Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) was 0.32% lower as Wall Street expects it to report earnings of 52 cents per share on revenue of $1.95 billion before the opening bell.</li>
</ul>
<ul>
<li>Stellantis NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) declined 1.68% after reporting estimated consolidated shipments for the three months ending March 31 at 1.2 million units, representing a 9% year-on-year decline.</li>
</ul>
<ul>
<li>MSP Recovery Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSPR#NASDAQ">MSPR</a>) surged 171.88% after securing massive $1.2 billion debt relief via strategic partnerships and creation of an independent servicer.</li>
</ul>
<ul>
<li>Calamos Global Dynamic Income Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHW#NASDAQ">CHW</a>) jumped 43.10% after strategically choosing Pretoria&#8217;s LightDeepEarth as its preferred assay lab to boost assay result turnaround for its Heavy Mineral Sands program and improve operational efficiency.</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading higher in the early New York session by 0.15% to hover around $60.22 per barrel.
Gold Spot US Dollar advanced 1.30% to hover around $3,216.91 per ounce. Its fresh record high stood at $3,227.23 per ounce. The U.S. Dollar Index spot was lower by 1.69% at the 99.163 level.
Asian markets were mixed on Friday as India's S&amp;P BSE Sensex, China&#8217;s CSI 300, and Hong Kong's Hang Seng index advanced. Whereas Japan's Nikkei 225, Australia's ASX 200, and South Korea's Kospi index declined. European markets were mostly lower in early trade.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/04/44728276/spy-qqq-call-volumes-spiked-minutes-before-tariff-pause-announcement-alexandria-ocasio-cortez-demands-disclosure-from-congress-members">SPY, QQQ Call Volumes Spiked Minutes Before Tariff Pause Announcement: Alexandria Ocasio-Cortez Demands Disclosure From Congress Members</a></li>
</ul>
Photo courtesy: Shutterstock

Market Summary

Guidance

Futures

Federal Reserve

AAPL

MSPR

STLA

US Stock Futures Recover After Early Dip, Poised To Open Higher Amid Volatility: 'Fed Is Likely To Cut Rates Again On June 18th,' Says Expert (UPDATED)

<h3>Companies Reporting Before The Bell</h3>
• Innventure (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INV#NASDAQ">INV</a>) is estimated to report quarterly loss at $0.15 per share on revenue of $450 thousand. 
• Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) is expected to report quarterly earnings at $2.20 per share on revenue of $16.57 billion. 
• JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) is projected to report quarterly earnings at $4.61 per share on revenue of $44.11 billion. 
• Fastenal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) is likely to report quarterly earnings at $0.52 per share on revenue of $1.95 billion. 
• Wells Fargo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) is likely to report quarterly earnings at $1.24 per share on revenue of $20.74 billion. 
• Bank of New York Mellon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>) is projected to report quarterly earnings at $1.51 per share on revenue of $4.77 billion. 
• BlackRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) is projected to report quarterly earnings at $11.14 per share on revenue of $5.59 billion. 
<h3>Companies Reporting After The Bell</h3>
• Children's Place (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLCE#NASDAQ">PLCE</a>) is projected to report quarterly earnings at $0.16 per share on revenue of $374.07 million. 
• Beam Glb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BEEM#NASDAQ">BEEM</a>) is projected to report quarterly loss at $0.29 per share on revenue of $12.45 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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