Market Trends Stories

Should I short all of Fastenal and Applied?

  
As many rational traders are trying to avoid industrials space, it makes sense to review Applied Industrial a little further and understand how it stands against Fastenal and other similar entities. We are going to break down some of the competitive aspects of both Applied and Fastenal. [more]
By analyzing existing forward indicators between Applied Industrial and Fastenal, you can compare the effects of market volatilities on both companies' prices and check if they can diversify away market risk if combined in one of your portfolios. You can also utilize pair trading strategies for matching a long position in Fastenal with a short position in Applied Industrial. Check out our pair correlation module for more information.

Let's begin by analyzing the assets. The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Applied Industrial has an asset utilization ratio of 569.67 percent. This implies that the company is making $5.7 for each dollar of assets. An increasing asset utilization means that Applied Industrial is more efficient with each dollar of assets it utilizes for everyday operations.
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  8 hours ago at Macroaxis 
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It looks like Abbott Laboratories will be up for a correction faster as its share price went up 0.98% today to Strata Skin's 6.15%As many rational traders are trying to avoid healthcare space, it makes sense to outline Strata Skin Sciences a little further and understand how it stands against Abbott Laboratories and other similar entities. We are going to inspect some of the competitive aspects of both Strata and Abbott.
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  21 hours ago at Macroaxis 
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As many rational traders are trying to avoid technology space, it makes sense to focus on Viavi Solutions a little further and understand how it stands against Cisco Systems and other similar entities. We are going to recap some of the competitive aspects of both Viavi and Cisco.
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  22 hours ago at Macroaxis 
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It looks like Farmer Brothers will continue to recover much faster as its share price surged up 0.33% today to Landec's 3.6822%. As many rational traders are trying to avoid consumer defensive space, it makes sense to go over Landec a little further and understand how it stands against Farmer Brothers and other similar entities. We are going to analyze some of the competitive aspects of both Landec and Farmer.
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  a day ago at Macroaxis 
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As many rational traders are trying to avoid technology space, it makes sense to digest Lumentum Holdings a little further and understand how it stands against Knowles and other similar entities. We are going to discuss some of the competitive aspects of both Lumentum and Knowles.
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  a day ago at Macroaxis 
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It looks like Verizon Communications will continue to recover much faster as its share price surged up 0.79% today to Radcom's 3.4682%. As many millenniums are getting more into communication services space, we are going to summarize Radcom and Verizon Communications as potential short-term trade. We are going to summarize some of the competitive aspects of both Radcom and Verizon.
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  3 days ago at Macroaxis 
By Vlad Skutelnik
It looks like FlexShopper will be up for a correction way faster as its share price whent up 5.70% today to AeroCentury Corp's 3.6066%. As many investors are getting excited about industrials space, AeroCentury Corp and FlexShopper may be going in opposite directions. We are going to inspect some of the competitive aspects of both AeroCentury and FlexShopper.
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  3 days ago at Macroaxis 
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Global Water would continue recover faster as its shares surged to 5.01 percent against Consolidated Water's 1.68%. As many rational traders are trying to avoid utilities space, it makes sense to outline Consolidated Water Co a little further and understand how it stands against Global Water and other similar entities. We are going to inspect some of the competitive aspects of both Consolidated and Global.
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  few days ago at Macroaxis 
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It looks like Cardinal Health will be up for a correction faster as its share price went up 0.4% today to AmerisourceBergen's 1.15%As many rational traders are trying to avoid healthcare space, it makes sense to go over AmerisourceBergen a little further and understand how it stands against Cardinal Health and other similar entities. We are going to analyze some of the competitive aspects of both AmerisourceBergen and Cardinal.
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