Why Shares in Stanley Black & Decker Surged in January
Shares in Stanley Black & Decker (NYSE: SWK) rose 18.9% in January, according to data from S&P Global Market Intelligence. The S&P 500 rose 6.2% in the period, and investors warmed to the value proposition at Stanley Black & Decker, a company whose DIY tools sales are challenged by a weakening housing market. The company undoubtedly has long-term growth potential from introducing new products such as cordless power tools and outdoor electric equipment.
