Fastenal Company (NASDAQ: FAST ) - This wholesaler and retailer of industrial and construction supplies distributes its products through about 2,500 stores in the United States, and should be a chief beneficiary of a turnaround in the economy.
S&P forecasts a 21% increase in sales this year, as well as an increase in net profit margins. They estimate earnings of $2.35 in 2011 versus $1.80 last year, and look for $2.75 in 2012. S&P has a "five-star strong buy" on the stock and recently revised its price target to $85 from $78.
Technically, the stock is in a powerful bull market with a 12-month price target of $80 and a trading target of $75.
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