03 February Watchlist ๐Ÿ‘€

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Today we are watching…

1. Stanley Black & Deckerย (#stanbd)

This toolmaker just bought into Boeingโ€™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 canโ€™t be easily replicated, and therefore enjoy premium prices and reduced competition. Black & Deckerโ€™s CEO called CAM a โ€œhigh growth, high marginโ€ 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!ย 

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. Volkswagenโ€™s trucking business, Traton, offered to buy out all of Navistarโ€™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 โ€œno assurances of the proposal taking place.โ€ The companyโ€™s billionaire investor, Carl Icahn, will probably push for it. However, the president of Navistarโ€™s native Clark County also pointed out that โ€œmany families have moved to the country due to opportunities at Navistar.โ€ Itโ€™s her against the Icahn!

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