Honeywell: The Stock Will Fly Higher In 2018
- Honeywell reported better-than-expected Q4 2017 earnings and management raised the company's full-year 2018 financial guidance.
- I believe that investors should remain bullish on Honeywell and I will describe 4 reasons I plan to stay long the stock.
- Honeywell is a long-term buy at today's price.
Honeywell ($HON) is a must own stock in today's environment. The company recently reported better-than-expected Q4 2017 results, and management also raised their fiscal 2018 guidance for this industrial conglomerate. As you can expect, Honeywell's beat and raise was well received by the market.
Taking a step back, this company has reported impressive operating results over the last few years, so investors should not be surprised that HON shares have outperformed the broader market by a wide margin over this period of time.
HON shares were up big in 2017 and the company's stock is trading at a relatively high valuation (more on this below) but, in my opinion, Honeywell's stock will continue to fly higher in 2018 and beyond.
Read more here.