This Turnaround Dividend Play Could Break Out in 2023

Income investors can, in many ways, be even harsher critics than growth investors. That’s because while some traders can delude themselves into believing the fancy growth stories of biotech or software startups … for “risk off” investors interested in dividends, the numbers matter. And when a company isn’t measuring up, it shows. There’s no greater proof of that than tools company Stanley Black & Decker (SWK) . The stock has stumbled dramatically over the last year as supply chain pressures brought about the pandemic were compounded by rising raw material costs. Thanks to weak margins and flat revenue, the stock is down a gut-wrenching 56% or so year-to-date.… Read more