Investors fixated on the solid performance of the seven magnificent technology stocks have probably missed Fastenal Company, a wholesaler and retailer of industrial and construction materials like screws, bolts and fasteners. Since it went public in 1987, Fastenal split its shares multiple times and has been a big winner — beating the S&P 500 and the Nasdaq Indexes by a wide margin.
Last week, the company reported adjusted earnings of 38 cents per share, beating the Zacks Consensus Estimate of 37 cents.
