Cramer Targets Stanley Black & Decker as the Pick-and-Shovel Play on Home Renovation Boom
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The post Cramer Targets Stanley Black & Decker as the Pick-and-Shovel Play on Home Renovation Boom appeared first on 24/7 Wall St..
Jim Cramer used his Stop Trading segment on CNBC to argue that Stanley Black & Decker (NYSE:SWK) is a buy, connecting strong quarters from Home Depot (NYSE:HD) and Lowe’s (NYSE:LOW) to a renovation cycle. Hand tool sell-through was strong at both retailers; single-family housing starts remain weak, yet DIY buyers at Lowe’s and small contractors
Jim Cramer used his Stop Trading segment on CNBC to argue that Stanley Black & Decker (NYSE:SWK) is a buy, connecting strong quarters from Home Depot (NYSE:HD) and Lowe’s (NYSE:LOW) to a renovation cycle. Hand tool sell-through was strong at both retailers; single-family housing starts remain weak, yet DIY buyers at Lowe’s and small contractors
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