Stanley Black & Decker (SWK) dropped by 8.77% on Oct. 29. It risks falling to its summer low of below $80 next. The firm reported a 5.1% Y/Y drop in revenue, to $3.75 billion.
SWK stock will face selling pressure after the company narrowed its GAAP EPS forecast to $1.15 - $1.75. It was previously expecting an EPS of up to $2.00. Although the Dewalt product enjoyed growth, end market demand is weak.
Ford Motor (F), which lost 8.44% yesterday, risks falling below $10.00. The company lost momentum as the commercial business slowed. The rental business peaked in the first half of the year, slowing down in the second quarter. In Q3, the rental business worsened. However, Ford is confident that Ford Pro will benefit from strong demand. Super Duty and Transit are popular products.
In the homebuilding market, D.R. Horton (DHI) is at risk of retesting the $102.23 low for the year. The firm issued revenue expectations that are around $3 billion below the average analyst’s estimate. Home buyers are waiting for better mortgage rates. They believe that rates will be even lower in 2025. As a result, they are not buying homes today.
D.R. Horton must use aggressive incentives including mortgage rate buydowns, to sell more homes.
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