2 Ultra-High-Yielding Industrial Stocks To Buy With $1,000
Value investors will tell you that you have to be willing to go against the herd, buying stocks when other investors are selling them. That's definitely the case today with industrial icons Stanley Black & Decker (NYSE: SWK) and 3M (NYSE: MMM). Here's the bad news hitting each and why, if you have some spare cash in your brokerage account, you might want to hold your nose and buy them anyway.
As 2022 got underway, Stanley Black & Decker's management expected a fairly decent year. Management's guidance called for adjusted earnings to fall between $12 and $12.50 per share. That would have been an 11.5% increase, at the high end of guidance, over the $11.20 per share in adjusted earnings it brought in during 2021. Things didn't work out that way, with guidance falling in each of the first three quarters of the year. By the third quarter guidance was for adjusted earnings in 2022 to fall between $4.15 and $4.65 per share.
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Source Fool.com
