Anadarko Petroleum Corporation (APC), Snap-on Incorporated (SNA): Today’s Best Stocks

Finally, small tools and small diagnostic tool maker Snap-on Incorporated (NYSE:SNA) advanced 2.3%, but, like WPX Energy Inc (NYSE:WPX), it did so without any company-specific news. Snap-on did present at Jefferies Global Industrial Conference earlier this week and declared a regular $0.38 quarterly dividend earlier this month, but today’s move seems to be related more to the strength associated with U.S. housing data. A good chunk of Snap-on Incorporated (NYSE:SNA)’s market relates to small tools that homeowners and contractors would use around the house, or while building a house. Therefore, improvements in housing data could signal upcoming growth in Snap-on’s bottom line.

The article Today’s 3 Best Stocks originally appeared on Fool.com and is written by Sean Williams.

Fool contributor Sean Williams has no material interest in any companies mentioned in this article. You can follow him on CAPS under the screen name TMFUltraLong, track every pick he makes under the screen name TrackUltraLong, and check him out on Twitter, where he goes by the handle @TMFUltraLong.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.