Stanley Black & Decker Soars: 2 Stocks Cramer Would Buy Instead

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Stanley Black & Decker  (SWK) - Get Report reported earnings on Wednesday.

The company says that it sees organic growth for the three months ending in December of around 10%, well ahead of its prior forecast of between 3% and 5%. The group also expects free cash flow to be 'greater than' $1 billion, an improvement from its earlier estimate of between $800 million and $900 million. 

"These revised assumptions are a result of stronger demand across North America, Europe and emerging markets in Tools and Storage as well as a stronger performance in Engineered Fastening and Attachment Tools within Industrial," the company wrote in a filing with the Securities and Exchange Commission. "Tools & Storage United States Retail POS is tracking above the high end of our planning assumption, with the quarter to date growth up 22% through December 5th."

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