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2011 Top S&P Stocks: No. 15 Fastenal

Monday, 12 Dec 2011 | 3:37 PM ET

Fastenal stock ratcheted up nearly 37 percent year to date, landing it the No. 15 spot in the top-performing S&P stocks of 2011.

The Minnesota-based company sells fasteners, tools, pneumatic devices, welding supplies and metals. Its stock traded in the $41 range, with a 52-week high of $43.04 and a low of $28.81. It had EPS of $1.14.

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Trader Zack Karabell said he was thinking of selling it.

“They are very levered to the construction market and the housing market,” he said. “Though I take Steve Grasso’s point about buying names that keep hitting 52-week highs, this really assumes continued strength in those end markets — and it’s not a cheap stock.”

How to play it?

“If you’re kind of in this, you probably should be taking your profits, and if you’re not, you might want to look to short it,” he said.

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Trader disclosure: On Dec. 12, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders: Kelly is long IWM; Kelly is long LNG; Kelly is long EUR; Kelly is long CHF; Cortes is long; Cortes is long Treasuries; Cortes is long INTC; Cortes is long SVU; Cortes is long TSN; Cortes is short; Cortes is short AUD; Cortes is short EUR; Cortes is short GBP; Cortes is short AAPL; Cortes is short DB; Cortes is short Crude; Grasso owns ASTM; Grasso owns AVAV; Grasso owns BA; Grasso owns D; Grasso owns LIT; Grasso owns MHY; Grasso owns PFE; Grasso owns PRST; Grasso owns S; Grasso owns XLU; Weiss owns EUO; Weiss owns JPM; Weiss owns QCOM; Weiss owns HPQ; Weiss owns GM;

For Steve Grasso
Stuart Frankel & Co and its partners own CSCO

Stuart Frankel & Co and its partners own CUBA

Stuart Frankel & Co and its partners own GERN

Stuart Frankel & Co and its partners own HPQ

Stuart Frankel & Co and its partners own HSP

Stuart Frankel & Co and its partners own HSPO

Stuart Frankel & Co and its partners own MET

Stuart Frankel & Co and its partners own MU

Stuart Frankel & Co and its partners own NYX

Stuart Frankel & Co and its partners own PRST

Stuart Frankel & Co and its partners own RDC

Stuart Frankel & Co and its partners own UAL

Stuart Frankel & Co and its partners own XRX

For Simon Baker
Simon Baker OWNS Abbott Labs

For Urs Dur
Lazard Capital Markets LLC makes a market in FDX securities.

Lazard Capital Markets LLC makes a market in UPS securities

For Mark Fields
No disclosures

For Colin Gillis
Investment banking (next 3 months): BGC Financial LP and/or its affiliates, expect to receive, or intend to seek, compensation for investment banking services within the next three months from all of the companies referenced within this report.

Lead or Co-manager: BGC Financial LP and/or its affiliates, has not acted as lead or co-manager in a public offering of equity and/or debt securities for Amazon within the last 12 months. BGC Financial LP and/or its affiliates has not received compensation for investment banking services in the last 12 months from Amazon.

For Dennis Gartman
Gartman is short Euro

Gartman is long equities

For Craig Berger
FBR acts as a market maker or liquidity provider for the company's securities: INTC.

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