Stanley Black & Decker stock rallies 4.61% and outperforms competitors

12 articles · Updated · MarketWatch · May 6

Shares closed at $81.03 on Wednesday as the S&P 500 rose 1.46% to 7,365.12 and the Dow gained 1.24% to 49,910.59.
The gain marked Stanley Black & Decker's second straight daily advance, beating Danaher, Illinois Tool Works and Parker Hannifin in the session.
The stock remains 13.22% below its 52-week high of $93.37 reached on February 11, while trading volume of 2.4 million topped its 50-day average of 2.1 million.

As its stock soars, can Stanley Black & Decker's cost-cutting plan truly fix its high debt and thin profit margins?

With billions in savings and stock buybacks announced, why is the company closing its last US tape-measure factory?