We recently published a list of Why These 10 Stocks Soared by Double Digits Today. In this article, we are going to take a look at where Stanley Black & Decker, Inc. (NYSE:SWK) stands against other stocks that soared by double digits today.

The stock market kicked off the trading week brimming with optimism after the US and China announced a tariff truce on each other’s goods.

The tech-heavy Nasdaq booked the largest gains among the three major indices, rallying 4.85 percent. The S&P 500 followed with a 3.26-percent increase, and the Dow Jones, with 2.81 percent.

Over the weekend, the US and China reached a 90-day deal to lower tariffs on each other’s imports. US taxes on Chinese imports will drop to 30 percent from 145 percent previously, while China’s tariffs on US imports will drop to 10 percent from 125 percent earlier.

Beyond the major indices, 10 companies finished the week stronger, booking double-digit gains during the day. In this article, we name Monday’s 10 top performers and detail the reasons behind their strong performance.

To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume.Why Stanley Black & Decker, Inc. (SWK) Soared Today

A toolbox filled with an array of different tools, representing the professional products of the company.

Stanley Black & Decker, Inc. (NYSE:SWK)

Stanley Black & Decker grew its share prices by 15.73 percent on Monday to close at $72.53 apiece as investors gobbled up shares amid a broader market rally brought about by the tariff truce between the US and China.

It can be learned that the US and China over the weekend reached a 90-day deal to reduce levies on each other’s goods. US taxes on Chinese imports will drop to 30 percent from 145 percent previously, while China’s tariffs on US imports will drop to 10 percent from 125 percent previously.

The news became a boost to the company, which announced last month that it was poised to raise prices to mitigate risks from the global trade uncertainties.

Earlier this year, Stanley Black & Decker, Inc. (NYSE:SWK) expected tariffs to reduce its full-year earnings per share by approximately 75 cents.

Stanley Black & Decker, Inc. (NYSE:SWK) is one of the largest tool companies, which owns the Stanley brand, with a manufacturing presence globally.

Overall, SWK ranks 7th on our list of stocks that soared by double digits today. While we acknowledge the potential of SWK as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than SWK but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.

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