The shares of Fastenal Company (NASDAQ:FAST) are down 2.8% at $51.25 this morning, following a bear note from Morgan Stanley. The analyst slashed its price target to $48 from $53, and downgraded the equity to "underweight" from "equal weight."  

Today's dip has FAST looking to breach its 50-day moving average -- a trendline that's held up the equity since March. The stock just hit a record high of $54.32 on May 10, and has been consolidating below the $53.50 level ever since. Year-over-year, FAST is up roughly 26%.

Analysts were already hesitant on Fastenal stock heading into today. Of the 12 in coverage, just two called the security a "strong buy," while the remaining 10 said "hold" or worse. Plus, the 12-month consensus price target of $51.25 is a mere 0.3% premium to current levels. 

Option traders have also taken a bearish approach to Fastenal. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), 1.52 puts have been picked up for every call during the past 10 weeks. This ratio stands higher than all other readings from the past year, suggesting long puts haven't been more popular during this time period. 

After a fairly quiet day yesterday on the economic data calendar, things will get busy fast for investors with retail sales, the producer price index (PPI), Empire state manufacturing index, industrial production data, business inventories, and the NAHB home builders' index slated for release. 

The following public companies are slated to release quarterly earnings reports today, June 15:

H&R Block Inc. (NYSE:HRB -- $25.52) provides assisted income tax return preparation, do-it-yourself (DIY) tax, and virtual tax preparation services and products to the general public. H&R Block will report its Q4 earnings of 2021 before the bell today.

La-Z-Boy Inc. (NYSE:LZB -- $42.49) manufactures, markets, imports, exports, distributes, and retails upholstery furniture products, accessories, and casegoods furniture products. La-Z-Boy will report its Q4 earnings of 2021 before the bell today.

Oracle Corp. (NYSE:ORCL -- $15.50) provides products and services that address enterprise information technology environments. Oracle will report its Q4 earnings of 2021 before the bell today.

StepStone Group Inc. (NASDAQ:STEP -- $31.64) is an investment firm specializing in direct, fund of funds, secondary direct, and secondary indirect investments. StepStone Group will report its Q4 earnings of 2021 before the bell today.

Looking ahead to tomorrow, Wednesday will bring building permits, housing starts, the import price index, and an update from the Federal Reserve and Fed Chair Jerome Powell. 

All economic dates listed here are tentative and subject to change.

The shares of Lordstown Motors Corp (NASDAQ:RIDE) are off 15.9% at $9.60 this morning, plummeting after the electric pick-up truck company's CEO Steve Burns and CFO Julia Rodriguez both announced their resignations. Lordstown Motors is looking to transition into the commercial production phase, away from research and development, and the resignations will be effective immediately. The firm is working toward filling the positions, while lead independent director Angela Strand will serve as executive chairwoman, and Beck Roof will serve as the Interim CFO. 

RIDE rallied into 2021 before succumbing to pressure near the $30 level. Since then, it's been mostly downhill, with the security bottoming out at a record low of $6.69 on May 11. While it has been able to distance itself from that level in June, the 100-day moving average rejected RIDE's last attempt to rally. Year-to-date, the stock is down over 43%. 

Analyst sentiment has been far from optimistic. Of the five covering the stock, only one considers it a "strong buy," while the remaining four call it a "hold" or worse. Plus, the 12-month consensus price target of $9 is a 4.8% discount to last night's close. 

Short interest has also been on the rise, adding 10.3% in the last two reporting periods. The 34.53 million shares sold short make up 31.1% of the stock's available float, or nearly three days to cover at its average daily pace of trading.