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Stanley Black & Decker’s earnings beat fails to satisfy Wall Street. Here’s why we bought the dip

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Stanley Black & Decker power drills are displayed for sale at a Home Depot store in Colma, California.

David Paul Morris | Bloomberg | Getty Images

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Stanley Black & Decker overcame a soft demand environment to deliver a top and bottom line beat Thursday, but the stock is falling because the toolmaker simply reiterated its guidance. That’s a fate shared by home-improvement peers and many other companies this earnings season. We added to our position on the pullback.  

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