FAST - These 2 Industrial Stocks Just Set the Stage for Earnings Season
2023-04-13 09:28:27 ET
The stock market looked poised for a modest move higher on Thursday morning. Most investors seemed to draw minimal conclusions from inflation data released the previous day, and many still expect the Federal Reserve to raise interest rates when it meets early next month. Futures on major stock indexes were up as much as a third of a percent just before the market opened.
Earnings season is about to begin in earnest, with major banks kicking things off on Friday. However, investors always like to get a head start, and so many investors looked closely at a pair of industrial stocks that reported their latest financial results Thursday morning. Delta Air Lines (NYSE: DAL) and Fastenal (NASDAQ: FAST) shareholders didn't have the same reaction to the news from their respective companies, but both businesses showed signs of holding up better than some market participants had feared.
Image source: Delta Air Lines.
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These 2 Industrial Stocks Just Set the Stage for Earnings Season