TheStreet’s Jim Cramer says ‘tools are hot’ and he’s got his eye on Stanley Black & Decker (SWK), which is a big position in his Action Alerts PLUS charitable trust. ‘Even at 100 I’d like to buy it. If it pulls back to 95 where we bought a ton of stock, I’d be very, very aggressive,’ he said. Cramer said the company recently gave weak guidance, but he thinks Stanley Black & Decker will beat it. Cramer likes other plays related to housing, including Home Depot (HD), Briggs & Stratton (BGG), Sherwin Williams (SHW) and PPG (PPG). He also noted that Whirlpool (WHR) has had a big run. But Cramer said he’s not going to chase stock of Lowe’s (LOW), because he didn’t understand the company’s Canadian acquisition.
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