Stanley Black (SWK) Surges 6.5%: Is This an Indication of Further Gains?

Stanley Black's rally is primarily driven by optimism about the strong momentum in its Engineered Fastening business. Strength across the company's aerospace and automotive end markets, along with the growing popularity for home and outdoor products, bode well. Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements. The stock ...