There are new signs of a resilient housing market and a home renovation rebirth with potentially bullish implications for three of our Club names. Shares of Stanley Black & Decker (SWK) and Caterpillar (CAT), whose tools and machinery are used in homebuilding, have been on the upswing in recent weeks. Additionally, after a lull in Covid-driven renovations, many would-be buyers are stuck in their homes due to a housing shortage as well as higher prices and mortgages rating are choosing to upgrade their current digs. Stanley Black & Decker’s brands appeal to Do-It-Yourself (DIY) folks as well as pro contractors
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Resilient housing market benefits our home improvement, construction stocks
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