Constructing the Trade

Published on
June 14th, 2018
6 minutes

Constructing the Trade

Trade Ideas ·
Featuring Chad Morganlander

Published on: June 14th, 2018 • Duration: 6 minutes

Chad Morganlander, portfolio manager at Washington Crossing Advisors, lays out his trade on Stanley Black and Decker. He explains why he expects the stock to gap higher, and reveals the key levels to watch, in this interview with Justine Underhill. Filmed on June 7, 2018.


  • CM
    Chris M.
    15 June 2018 @ 00:34
    I don’t see it. I’ve been seeing REITS getting hit, ppl flipping homes while still in blueprints (in some areas), and Black&Decker isn’t what I would call “construction worthy” tools. Maybe for the average homeowner but not framers, roofers, sheet metal et al.. subcontractors. Lest that, the weekly is in a bear flag. Sorry I just don’t see 160. I see 120-126. GL sir.
  • NH
    Nigel H.
    14 June 2018 @ 09:22
    No stop loss!
    • WS
      William S.
      14 June 2018 @ 21:19
      The stop loss was conceptual, not nominal. If growth and GDP start turning down....sell.
  • SH
    Steve H.
    14 June 2018 @ 18:17
    Not sure about a couple of the underlying assumptions: 1. Failing to see signs of a possible global slowdown is to ignore recent Chinese and European data. 2. Seeing continued strength in global housing markets is to ignore massive overvaluation in several of the majors, and worsening affordability issues in most of them (e.g., rising construction costs and, at least in the US rising mortgage rates). I'm not saying Mr. Morganlander is wrong - after all, he has analyzed the company and I haven't. Also, it might be the case that people priced out of new homes turn increasingly to self-directed renovations, which should be positive for the play. It just seems pretty late in a cycle which is already throwing one or two concerning straws into the wind to be going medium-term long on this type of stock.
  • MM
    Mike M.
    14 June 2018 @ 12:56
    Will put it on my watch list......the second mouse gets the cheese. Regards, Mike