Stanley Black & Decker: Strong Q2 Beats Estimates, FY2024 Guidance Upgrade - Turnaround Is Just Getting Started

dia HT t 1 ALLY r l F e 1 te alacatr Introduction I last covered Stanley Black & Decker (NYSE:SWK) on April 8th of this year, when shares traded at $95.25, and I assigned a "Buy" rating. Shares have since rebounded by 10.73%, surpassing the S&P 500's increase of 4.55% by a wide margin. I have significantly increased my personal stake in SWK, purchasing shares in the low $80s and high $70s to make it a ~8% weight in my overall portfolio. Earlier today, SWK reported earnings that were, by all accounts, a slam ...