Honeywell: How To Be Short-Term Bearish And Long-Term Bullish
By John Mylant: Honeywell (HON) is an industrial conglomerate that makes airplane controls and engines, turbo chargers for car engines, industrial automation and controls systems and heating and air conditioning systems. It is one of the largest conglomerates in the world. It has had a nice run up since the beginning of the year but recently took a pause. We believe this is all it is; not a turn down but rather a pause and the stock will continue to move up. There are two main reasons for this: Honeywell's specialty materials and aerospace divisions.Recently, Honeywell had better than expected first quarter earnings. This first quarter set the stage for the company to raise its expectations for the year. Earning estimates were lifted from ($4.25 - $4.50) to ($4.35 - $4.55) and sales projections were also lifted for the year. The better-than-expected earnings were fueled by the Aerospace and Specialty Materials sectors.Complete Story »
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