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Honeywell: Stick With This Winner
August 26, 2018
- Honeywell's stock has performed well so far in 2018 and I believe that the outperformance should continue through 2019.
- Management recently raised their full-year 2018 guidance [again] and announced that the spinoffs were still on track.
- There are plenty of reasons to stay long Honeywell so I plan to do just that. What are your thoughts?
Honeywell ($HON) is a company that continues to impress the market, and it helped this industrial conglomerate's bull case that management recently raised their full-year 2018 EPS guidance and announced that the spinoffs were still on track for later this year. As a result of this encouraging news, HON shares traded higher by over 2%, which brings the YTD performance to approximately 8%.
Honeywell's stock is up big over the last three years but, as I recently described here, this industrial conglomerate is a must own stock in today's environment. It may be hard to make yourself jump in while shares are trading close to the $160 per share range but, in my opinion, Honeywell's stock should continue to fly higher through 2019 and beyond.