We’re buying 70 shares of DuPont at roughly $66.76 each, 50 shares of Stanley Black & Decker at roughly $87.96 each, and 75 shares of Starbucks at roughly $93.85 each. Following Wednesday’s trade, Jim Cramer’s Charitable Trust will own: 870 shares of DD, increasing its weighting to 1.8% from 1.66%; 790 shares of SWK, increasing its weighting to 2.15% from 2.02%: and 875 shares of SBUX, increasing its weighting to 2.55% from 2.34%. DuPont: We are buying back the shares sold in early January at roughly $76 apiece as earnings reported last week provide some confidence that things are looking up for the industrial. For starters, management highlighted an improvement in its water business for January, with orders up 13%, including a “chunk” of business in China. That business was down in the fourth quarter. Likewise, we were encouraged to hear its electronics and industrials business has stabilized and should return to growth this current quarter. Remember, electronics represents one-third of the business and is the most important driver of long-term earnings growth. Though the bulk of the recovery will likely come in the back half of 2024, we want to start rebuilding our position now. With this purchase, we are upgrading DD shares to a 1 rating. Stanley Black & Decker : High interest rates are a headwind for this toolmaker, but we don’t see it getting any worse. The Federal Reserve will cut rates later this year. In our recent earnings analysis , we said that lower interest rates will likely spur activity in the housing sector, particularly in the existing home market, which is more likely to see repairing and remodeling from do-it-yourself consumers who have recently been buying fewer tools across the DeWalt, Craftsman, and Black & Decker brands. More importantly, we liked the strong margin and inventory improvement last quarter, which shows the turnaround is working. Rates and the economy are outside of management’s control, costs aren’t. So long as the team…
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