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.
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