Tools and outdoor products manufacturer Stanley Black & Decker (NYSE: SWK) is one of the most intriguing stocks on the market today. Yet its medium- to long-term prospects look bright, and there's a strong case for buying the stock and riding out the potentially bad near-term news facing the company. Second, soaring inflation caused the Federal Reserve to hike interest rates, putting pressure on the housing market and do-it-yourself spending -- hurting Stanley's sales volumes.