Honeywell International Inc. (NASDAQ:HON) is one of them The stock Jim Cramer gave his opinion on. During the event, a caller asked if the parts of the company it spins off would be better than the rest, and Cramer replied:
Well, that’s a great question. Now, here’s the issue. It just moved. It’s made a huge move, and now it’s pulling back a little bit, and I think you should pull it back a little more if you want to get involved, because it looks like this stock has a short-term upside. Both Jeff Marks and I think this company is sensitive. We do not sell. We want to own it right in the distribution, but be aware that it was a huge move, and now if these industries try to go down a little bit, you got a good price, and then you buy it.
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Honeywell International Inc. (NASDAQ:HON) develops and sells technologies and solutions in aerospace, industrial automation, building management, and energy and sustainability. Kramer discussed the company during his game plan presented during the January 23 episode. He commented:
Thursday morning, we hear from Hanwell. Now, it’s really complicated. When a company reports, almost every time, the stock goes down, plain and simple. The stock has risen recently as it plans to list shares of its quantum business, Quantum, and many of those traders are on the move. They have many parts, and it should be red hot. But in the end, Honeywell is still a company divided into three parts.
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Read more: 30 stocks that should double in 3 years and 11 Secret AI Stocks to Buy Right Now.
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