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Why Shares in Stanley Black & Decker Got Crushed Today
Shares in Stanley Black & Decker (NYSE: SWK) were down by about 12% at noon ET today. The move is in response to the recently announced tariff actions by the Trump administration. The company took a major hit in costs the last time President Trump was in office, and it looks like a similar thing will happen this time.First, there's the hit to its costs from products from countries like China. CEO Don Allan discussed tariffs on the earnings call in January, noting that "seven, eight years ago, about 40% of what we sold in the U.S. came from China. And now we're down to a number that's closer to the mid-teens."Continue reading
Shares in Stanley Black & Decker (NYSE: SWK) were down by about 12% at noon ET today. The move is in response to the recently announced tariff actions by the Trump administration.
The company took a major hit in costs the last time President Trump was in office, and it looks like a similar thing will happen this time.
First, there's the hit to its costs from products from countries like China. CEO Don Allan discussed tariffs on the earnings call in January, noting that "seven, eight years ago, about 40% of what we sold in the U.S. came from China. And now we're down to a number that's closer to the mid-teens."
