Jim Cramer says buy Stanley Black & Decker's post-earnings plunge 'aggressively'

Stanley Black & Decker stock plunged Tuesday on the company's quarterly earnings release — a move Jim Cramer said investors should capitalize on. Shares of the toolmaker shed nearly 12% Tuesday after third-quarter revenues and its implied fourth-quarter guidance came in lighter than Wall Street expected. Still, Jim described the decline as unwarranted. "I would buy the stock," he said on "Squawk on the Street." "I would buy the stock aggressively.

Stanley Black & Decker power drills are displayed for sale at a Home Depot store in Colma, California.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jim Cramer's top 10 things to watch in the stock market WednesdayThe S&P 500 was heading for a lower open Wednesday after back-to-back losses.
Source: CNBC - 🏆 12. / 72 Read more »

Jim Cramer's top 10 things to watch in the stock market WednesdaySaudi Arabia sends a warning about $50 oil, and Nike's quarter was terrible.
Source: CNBC - 🏆 12. / 72 Read more »

Jim Cramer's top 10 things to watch in the stock market MondayWall Street was looking to open lower Monday.
Source: CNBC - 🏆 12. / 72 Read more »

Jim Cramer's top 10 things to watch in the stock market TuesdayWall Street was headed for a higher open Tuesday after the S&P 500 had its worst session in a month.
Source: CNBC - 🏆 12. / 72 Read more »

Jim Cramer's top 10 things to watch in the stock market ThursdayRiding the chip and broad tech stock rally, Wall Street was heading for a higher open.
Source: CNBC - 🏆 12. / 72 Read more »