We are buying 50 shares of Stanley Black & Decker at roughly $83.89.
Following the trade, Jim Cramer's Charitable Trust will own 890 shares of SWK, increasing its weighting to 2.33% from 2.20%.
The bear case around Stanley Black & Decker can be summed up in one line: mortgage rates are too high.
We're not trying to forecast when the cutting will start, but we like the idea of holding onto a name like Stanley Black & Decker for when it happens.
Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons:
Stanley Black, Decker, Jim Cramer's, Jim, We're, Jim Cramer
Organizations:
Stanley, SWK, Barclays, Home, Federal Reserve, CNBC