SWK gains 36% year-to-date as strong tool sales at Home Depot and Lowe’s signal a DIY and contractor-driven renovation cycle.
Jim Cramer identified Stanley Black & Decker (SWK) as a beneficiary of the home renovation boom, citing 36% year-to-date gains and $1.7 billion in debt reduction. The call follows record tool sales at Home Depot and Lowe’s expansion of DeWalt product lines, signaling robust demand from DIY buyers and small contractors.
SWK’s Q2 gross margin included a 250 basis-point boost from one-time tariff refunds, which management excluded from second-half guidance. The stock closed at $98.85, down 0.95% on Thursday but still reflecting market optimism about the renovation trade.
Cramer’s endorsement aligns with broader retail trends, though SWK was excluded from his recent AI stock picks, highlighting its focus on traditional hardware growth.