Jim Cramer Expresses Shock Over Stanley Black & Decker's Weak Quarter

Stanley Black & Decker, Inc. (NYSE:SWK) is one of the stocks Jim Cramer recently talked about. During the episode, Cramer discussed the company’s earnings in light of tariffs. He said:

“Oh, and if that wasn’t enough, Stanley Black & Decker, another name, look in your house, you’ve got these, really, just whoa, it shocked me. A weak consumer who seems to have backed away from do-it-yourself projects, coupled with inevitable $800 million tariff hit as the company imports a huge amount of product from China and the so-called reassuring safe haven of Mexico, it took my breath away.

As I read over the quarter, all I could think about was that Stanley Black & Decker is the kind of company that President Trump was trying to punish for moving too many jobs overseas, that’s some real punishment, with their stock down 7% today.”

Stanley Black & Decker (NYSE:SWK) develops and manufactures tools, equipment, and engineered solutions, including power tools, hand tools, lawn and garden products, and fastening systems. The company’s products have applications across construction, automotive, aerospace, and manufacturing sectors.

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Disclosure: None. This article is originally published at Insider Monkey.