We're buying the dips in 3 stocks muscled out by the market's mega-cap obsession

  • 📰 CNBC
  • ⏱ Reading Time:
  • 23 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 47%
  • Publisher: 72%

Breaking News: Markets News

Markets,Investment Strategy,Jim Cramer

We're making a handful of small buys in stocks that have gotten beaten up over the past couple of weeks as the market narrowed.

We're buying 100 shares of Best Buy at roughly $81 each; 25 shares of Danaher at roughly $239 each, and 60 shares of Stanley Black & Decker at roughly $78. Following Tuesday's trades, Jim Cramer's Charitable Trust will own 1,100 shares of BBY, increasing our weighting to 2.69% from 2.45%; 575 shares of DHR, increasing our weighting to 4.2% from 4%,; and 950 shares of SWK, increasing our weighting to 2.26% from 2.12%.

SWK YTD mountain Stanley Black & Decker YTD We'll also make a small buy in Stanley Black & Decker. The stock has been hit hard lately, falling alongside other housing-related and home improvement stocks on the recent spike in bond yields and an earnings warning from Pool Corp . Still, we are willing to be patient with this hand tools company that is working on its turnaround and slowly scale in on the stock's way down.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

How the Texas Stock Exchange could change Dallas and the stock marketMore company relocations could be on the way thanks to the proposed Texas Stock Exchange. It means more jobs in the area, but could also create more problems...
Source: dallasnews - 🏆 18. / 71 Read more »