Stock Picks: Tools and Franchise Snap-On Inc (SNA)

October 22, 2020, 2:17 pm EDT

Tools and Franchise Snap-On Inc (SNA)

Snap-On Inc (SNA) is an American designer, manufacturer and marketer of high-end tools and equipment with 100 years history in running its business. Solid fundamental and its franchise business model makes SNA a base and breakout today +8% after quarterly earning report.  

  • Diluted EPS of $3.28 increases 10.8%; 
  • Operating margin before financial services of 19.7% improves 110 basis points; 
  • Reported net sales up 4.4%; Organic net sales up 3.8%

Its chart looks bullish after breaking out 160 to begin its uptrend journey.

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