03 February Watchlist 👀

 

Today we are watching…

1. Stanley Black & Decker (#stanbd)

This toolmaker just bought into Boeing’s supply chain on the cheap (by cheap, we mean $1.5 billion!). Commercial Aerospace Manufacturing (CAM) is responsible for the fasteners and loose components of modern-day jumbo jets, which can’t be easily replicated, and therefore enjoy premium prices and reduced competition. Black & Decker’s CEO called CAM a “high growth, high margin” business, pleased with the deal as the manufacturer went on discount with Boeing’s 737 MAX crisis. Assuming the plane is one-day cleared for takeoff again, Black & Decker will be poised to benefit just as it has many times before from well-timed acquisitions. Shrewd stuff! 

2. Navistar (#nav)

At the tail end of last week, truck maker Navistar received an unexpected letter in the mail that sent its shares soaring. Volkswagen’s trucking business, Traton, offered to buy out all of Navistar’s remaining shares for double their market price. Investors bid up the stock almost 60% straight away, but they may have jumped the gun. A spokesperson for Navistar recently came out saying there were “no assurances of the proposal taking place.” The company’s billionaire investor, Carl Icahn, will probably push for it. However, the president of Navistar’s native Clark County also pointed out that “many families have moved to the country due to opportunities at Navistar.” It’s her against the Icahn!

Share:

More Posts

What is a kids brokerage account?

23 March, 2023

A kid’s brokerage account is more accurately called a custodial account. This is a brokerage account that parents or legal guardians can open on behalf of their child.

Load More
Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Facebook Twitter Youtube Instagram Snapchat Tiktok
learn
products
plan
Who we are
blog

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr VisaÂź Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community.The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results.Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such.Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.