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
