FAST: Adding Fastenal to Investing Ideas (Short Side)

01/29/20 02:13PM EST

Hedgeye CEO Keith McCullough is adding Fastenal (FAST) to the short side of Investing Ideas. Below is a brief note.

Looking to tighten up your net exposure to the US Equity market? You obviously do that by adding shorts. We have plenty of shorts. I was just waiting for a 2-day bounce to lower-highs.

One of Jay Van Sciver's fav cyclical shorts remains Fastenal (FAST). The stock obviously didn't enjoy the most recent earnings report. Nothing fundamentally has improved since.

Sell the bounce,

KM

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