Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 11852.96 with take profit at 11872.33
Bearish Preference:
Sell position is envisaged if price trades below price 11774.11 with take profit at 11754.74
Fundamentals:
1:30pm USDCPI m/m
USDCore CPI m/m
Comment:
Fastenal (NASDAQ:FAST) reported on Wednesday second quarter earnings that beat analysts’ forecasts and revenue that fell short of expectations. Fastenal announced earnings per share of $0.5 on revenue of $1.78B. Analysts polled by Investing.com anticipated EPS of $0.4972 on revenue of $1.79B. Fastenal shares are down 21% from the beginning of the year, still down 22.79% from its 52 week high of $64.75 set on December 30, 2021. They are outperforming the Nasdaq 100 which is down 28.03% from the start of the year.
Analysis: SCRUM Team