Tools and outdoor products maker Stanley Black & Decker (NYSE: SWK), machine vision company Cognex (NASDAQ: CGNX), and pilot simulator and training company CAE (NYSE: CAE) are not having the year investors hoped they would. However, share-price falls often create buying opportunities, so it's time to look closely at all three stocks. Are they a buy now or worth avoiding? Here's what you need to know before jumping into these stocks.

The company started 2022 in an optimistic mode. Management was looking forward to integrating its acquisition of outdoor lawn and garden products maker MTD into its portfolio while refocusing on its core tools, storage, and industrial products markets. To that end, management sold Stanley's electronic security business and its access-door business in two separate transactions in 2022.

Unfortunately, the company has been hit by a series of adverse events. Commodity prices and other cost inflation has proved persistent and far worse than management's initial expectations in 2022. In addition, poor weather hit sales of its outdoor equipment (not a great way to start with MTD), and the slowdown in consumer spending hit DIY spending. 

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Source Fool.com