The S&P 500 index (SNPINDEX: ^GSPC) is not for the faint of heart today, trading near all-time highs even as the world faces material economic and geopolitical headwinds.
The stocks of high-yield Stanley Black & Decker (NYSE: SWK) and United Parcel Service (NYSE: UPS), by contrast, have each fallen dramatically over the past five years
They are turnaround stories that are paying you well to wait for business upturns. Here’s why you may want to buy Stanley Black & Decker and UPS today and hold on for decades. Notably, one is a Dividend King that has continued to hike its dividend despite the business headwinds it has faced.
Stanley Black & Decker is starting to see material progress Under previous leadership, Stanley Black & Decker went on an aggressive acquisition spree. This bulked up the company’s tools business, adding well-recognized and respected brands to the portfolio and expanding the company into new areas. However, it also left the company with a heavy debt load and bloated costs, both of which needed to be addressed.