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Jim Cramer Notes That Honeywell Shares Often Drop When It Reports
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The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational. Honeywell International Inc. (NASDAQ:HON) was one of the stocks on Jim Cramer’s recent Mad Money game plan. Cramer noted that while he expects “good numbers” from the company, such numbers do not seem to matter, as he commented: Thursday’s got some big ones. First, there’s Investing Club holding Honeywell. I think this will be a straight-out report on the industrial automation and aerospace businesses. Honeywell will be splitting in two later this year. We should see good numbers, but annoyingly, it hasn’t mattered. And do you know that this stock is typically sold off when it reports? So maybe you sell some this day so you don’t get hurt this day. It’s okay. Stock market data. Photo by Jakub Zerdzicki on Pexels Honeywell International Inc. (NASDAQ:HON) develops and sells technologies and solutions across aerospace, industrial automation, building management, and energy and sustainability. Cramer mentioned the company as one of the quantum-related stocks worth owning during the episode aired on April 16, as he said: How about the quantum stocks? I believe that one day, quantum computing will be very important, but today is not that day. Right now, the publicly traded companies are just science projects. They all talk a big game. But again, the only viable quantum businesses belong to Google, IBM, and Honeywell… Honeywell’s spinning off its quantum business, known as Quantinuum, later this year. It owns 54% of it… but it’s still, it’s a very valuable asset. While we acknowledge the potential of HON as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years Disclosure: None. Follow Insider Monkey on Google News.
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