We are buying 50 shares of Stanley Black & Decker at roughly $83.75 each. Following Friday's trade, Jim Cramer's Charitable Trust will own 625 shares of SWK, increasing its weighting in the portfolio to 1.87% from 1.72%. It's been a painful stretch for stocks lately, and there's a ton of doom and gloom out in the market as Treasury yields have recently risen to reflect a Federal Reserve that's willing to keep policy interest rates higher for longer.
SWK 5Y mountain Stanley Black & Decker 5-year performance While surging demand during Covid is still taking some time to normalize post-pandemic, management continues to make excellent progress on its cost reduction program and inventory destocking plan. Both were ahead of schedule through the first half of 2023, giving us confidence in Stanley Black & Decker's ability to earn roughly $5 per share next year.