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CNA
an hour ago
- General
- CNA
Trading Day: Get ready for the jobs report
03 Jul 2025 05:07AM (Updated: 03 Jul 2025 06:34AM) Get bite-sized news via a new cards interface. Give it a try. Click here to return to FAST Tap here to return to FAST FAST
Business Standard
13 hours ago
- Business
- Business Standard
RBI Deputy Governor says technology, policy, and innovation converging to democratise credit access
We stand on the cusp of a transformative financial era where technology, policy, and innovation converge to democratise credit access, according to Rajeshwar Rao, Deputy Governor, Reserve Bank of India. He noted that various initiatives, collaborative partnerships and sustained regulatory support are laying the foundation for a more inclusive, resilient, and sustainable economy. But at the heart of a sustainable credit landscape lies an empowered consumer which is enabled when we have a financially aware and literate customer. While regulations mandate transparency and awareness, the responsibility needs to be fulfilled by all of us. Financial literacy cannot be achieved through a one-time campaign; it has to be a sustained commitment for all the institutions and entities involved. While the institutions in the financial system have done commendable work, the journey is far from complete. Rao opined that Reserve Bank has been endeavouring to create an enabling regulatory environment for fostering innovation and ensuring financial system integrity. With a view to put in place a regulatory framework for FinTechs that maintains a balance between maximising their creative potential while minimising the idiosyncratic risks they pose to the financial system; the Reserve Bank issued a Framework for Self-Regulatory Organisation(s) in the FinTech Sector in 2024. The Reserve Bank Innovation hub, a wholly owned subsidiary of RBI, commenced an initiative to foster a vibrant infrastructure for facilitating the progress of FinTechs in the country. The initiative - Fintech and Startup Acceleration (FAST) - aims to connect the stakeholders, viz., the startups, incubators, accelerators, investors, regulators and banks and financial institutions to accelerate innovation and financial inclusion.
Yahoo
5 days ago
- Business
- Yahoo
Fastenal's Quarterly Earnings Preview: What You Need to Know
Headquartered in Winona, Minnesota, Fastenal Company (FAST) is a prominent distributor of industrial and construction supplies, primarily catering to the manufacturing, construction, and maintenance sectors. With a market capitalization of $47.2 billion, the company provides a comprehensive portfolio of products, including fasteners, safety gear, tools, and electrical components, alongside value-added inventory management services. Fastenal is scheduled to release its second-quarter earnings before the market opens on Monday, July 14. Ahead of the event, analysts expect FAST to report a profit of $0.28 per share on a diluted basis, up 12% from $0.25 per share in the same quarter last year. The company has matched the consensus estimates in three of the last four quarters while missing the forecast on another occasion. Ditch Big Tech and Buy These 3 Popular Stocks in 2025 Instead Dear Nvidia Stock Fans, Watch This Event Today Closely Can Broadcom Stock Hit $400 in 2025? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. For the current year, analysts expect FAST to report EPS of $1.09, up 9% from $1 in fiscal 2024. Looking ahead, analysts expect its EPS to rise 9.2% annually to $1.19 in fiscal 2026. Over the past year, FAST has surged 30.3%, outperforming the S&P 500's ($SPX) 12.1% gains and the S&P 500 Industrial Sector SPDR's (XLI) 19.4% gains over the same time frame. On Apr. 11, Fastenal shares climbed 6.4% after the company reported its Q1 2025 results, with revenue reaching nearly $2 billion, slightly surpassing analyst estimates. Earnings stood at $0.52 per share, matching Wall Street expectations, supported by sustained momentum in large-scale, high-value contracts. Analysts' consensus opinion on FAST stock is cautious, with an overall 'Hold' rating. Out of 14 analysts covering the stock, three advise a 'Strong Buy' rating, ten give a 'Hold' rating, and one recommends a 'Strong Sell.' While FAST currently trades above its mean price target of $40.65, its Street-high target of $45 represents a potential upside of 9% from the current market prices. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
CNA
6 days ago
- General
- CNA
Trading Day: Markets 'run it hot'
Get bite-sized news via a new cards interface. Give it a try. Click here to return to FAST Tap here to return to FAST FAST
Yahoo
24-06-2025
- Business
- Yahoo
2 High-Flying Stocks with Competitive Advantages and 1 to Keep Off Your Radar
Expensive stocks typically earn their valuations through superior growth rates that other companies simply can't match. The flip side though is that these lofty expectations make them particularly susceptible to drawdowns when market sentiment shifts. Separating true intrinsic value from speculation isn't easy, especially during bull markets. That's where StockStory comes in - to help you find high-quality companies that will stand the test of time. Keeping that in mind, here are two high-flying stocks to hold for the long term and one where the price is not right. Forward P/E Ratio: 37.6x Founded in 1967, Fastenal (NASDAQ:FAST) provides industrial and construction supplies, including fasteners, tools, safety products, and many other product categories to businesses globally. Why Does FAST Give Us Pause? Annual revenue growth of 3.3% over the last two years was below our standards for the industrials sector Performance over the past two years shows its incremental sales were less profitable, as its 1.5% annual earnings per share growth trailed its revenue gains 6 percentage point decline in its free cash flow margin over the last five years reflects the company's increased investments to defend its market position At $40.66 per share, Fastenal trades at 37.6x forward P/E. Read our free research report to see why you should think twice about including FAST in your portfolio, it's free. Forward P/E Ratio: 35.7x Playing on the secular trend of healthier living, Sprouts Farmers Market (NASDAQ:SFM) is a grocery store chain emphasizing natural and organic products. Why Is SFM Interesting? Offensive push to build new stores and attack its untapped market opportunities is backed by its same-store sales growth Locations open for at least a year are seeing increased demand as same-store sales have averaged 6.6% growth over the past two years Exciting sales outlook for the upcoming 12 months calls for 11.6% growth, an acceleration from its six-year trend Sprouts's stock price of $174.31 implies a valuation ratio of 35.7x forward P/E. Is now the time to initiate a position? See for yourself in our in-depth research report, it's free. Forward P/E Ratio: 45.6x Founded in 2001, Construction Partners (NASDAQ:ROAD) is a civil infrastructure company that builds and maintains roads, highways, and other infrastructure projects. Why Will ROAD Beat the Market? Projected revenue growth of 40.5% for the next 12 months is above its two-year trend, pointing to accelerating demand Earnings growth has massively outpaced its peers over the last two years as its EPS has compounded at 91% annually Returns on capital are increasing as management's prior bets are starting to bear fruit Construction Partners is trading at $107.50 per share, or 45.6x forward P/E. Is now the right time to buy? Find out in our full research report, it's free. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today for free. Find your next big winner with StockStory today. Find your next big winner with StockStory today Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
