Wall Street Is Snoozing -- This Value Stock is a Buy Today
It's no secret that institutional money moves markets, but that doesn't mean that Wall Street is always right. In the case of Stanley Black & Decker (NYSE: SWK), the market appears to be taking a very short-term view of matters. Simply put, the stock is being sold off due to fears over near-term earnings even while management is positioning the company for solid growth for many years to come. Here's why Stanley is an attractive stock for investors.
The company's year has been a variation on a common theme in the industrial sector and the tools and hardware sector. It goes a bit like this: Companies started the year giving tentative guidance as the somber mood of the pandemic gave cause for a lot of uncertainty.
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Source Fool.com
