Stocks have delivered a strong performance in 2023 so far, with many now heading toward and breaking 52-week highs, reflecting favorable positive momentum. And all three of these companies have seen their earnings outlooks drift higher, helping to fuel the runs.
Stanley Black (SWK) Q4 results benefit from higher revenues in the Tools & Outdoor segment.
Illinois Tool Works' (ITW) Q4 results benefit from higher sales across most segments. However, adverse foreign currency movements hurt sales by 5%.