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Stanley Black & Decker guidance hits stock. Cramer says buy the dip

A worker assembles steel tool chests at a Stanley Black & Decker Inc. Craftsman Tools manufacturing facility in Sedalia, Missouri, U.S., on Tuesday, July 17, 2018.

Bloomberg | Bloomberg | Getty Images

Stanley Black & Decker reported mixed fourth-quarter results Thursday but beat expectations on the metrics that matter most to our investment thesis — evidence the toolmaker’s turnaround strategy is working to plan.

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