Stanley Black & Decker is the largest maker of hand tools, power tools, and related accessories in the U.S. The company enjoys a 40 percent market share in tools, making it the “undisputed king of the market,” Cramer said.
Stanley Black & Decker is profiting from a surge in spending at home improvement retailers Lowe’s and Home Depot, each of which accounts for more than 10 percent of Stanley’s sales. Its stock is cheap, too, selling for 12 times forward earnings estimates, with an 18 percent long-term growth rate. It also pays a 2.4 percent dividend yield, leading Cramer to call it a “raging buy.”