Stanley Black & Decker’s earnings beat fails to satisfy Wall Street. Here’s why we bought the dip

Earnings

Stanley Black & Decker power drills are displayed for sale at a Home Depot store in Colma, California.
David Paul Morris | Bloomberg | Getty Images

Stanley Black & Decker overcame a soft demand environment to deliver a top and bottom line beat Thursday, but the stock is falling because the toolmaker simply reiterated its guidance. That’s a fate shared by home-improvement peers and many other companies this earnings season. We added to our position on the pullback.  

Articles You May Like

Gen X stands to gain the most wealth from the $84 trillion wealth transfer
Fast-food customers are shifting to casual-dining chains, Darden Restaurants CEO says
Beer Taxes by State, 2024
SpaceX unveils backpack-sized ‘Starlink Mini’ satellite internet antenna for $599
Why student loan forgiveness sparks anger: A philosopher, attorney general, sociologist and religious thought expert weigh in