Snap-on Dropping As CEO Appears On CNBC

Snap-on Incorporated SNA shares are down nearly 0.5% today as the company's CEO Nicholas Pinchuk is appearing on CNBC to discuss the health of the economy. Pinchuk said that he is seeing big ticket sales come back, but that confidence issues are still prevalent throughout the economy. An example of a big ticket item from Snap-On is one of their diagnostic tools for automobiles are an example of big ticket items from Snap-On. Pinchuk also said it is critical that Snap-On extend its brands outside of the garage into critical industries.