Constructing the Trade

Featuring Chad Morganlander

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.

Published on
14 June, 2018
Topic
Housing Market, Global Outlook, Consumption, US Economy
Duration
6 minutes
Asset class
Equities
Rating
42

Comments

  • CM

    Chris M.

    15 6 2018 00:34

    0       0

    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.

  • SH

    Steve H.

    14 6 2018 18:17

    3       0

    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 6 2018 12:56

    1       0

    Will put it on my watch list......the second mouse gets the cheese.

    Regards,
    Mike

  • NH

    Nigel H.

    14 6 2018 09:22

    0       0

    No stop loss!

    • WS

      Will S.

      14 6 2018 21:19

      0       0

      The stop loss was conceptual, not nominal. If growth and GDP start turning down....sell.