Jim Cramer Says “I Think Honeywell’s Very, Very Good”

Honeywell International Inc. (NASDAQ:HON) was among Jim Cramer’s recent stock calls on Mad Money. A club member mentioned that they plan to invest $50,000 in two to three long-term stocks to build funds for their 12-year-old child’s future. Cramer replied:

Okay, half of it immediately goes into index fund, $25,000, boom, index fund. Then we’re going to divide the other $25,000 into five buckets. We’re going to put four stocks, three have good yield, but you know, 2% yield, and then one is going… what I regard as being a great tech stock, and that means you’re going to put NVIDIA.

And then the fifth one is a very young stock. We heard about Bloom Energy early on. Maybe you do Bloom Energy after it comes down a little bit. The first three, we’re just looking for basic good stocks…. I’ve got 30 stocks that I think are terrific, and the ones I’m talking about are, I’m talking about stocks like Eaton, stocks like Honeywell. I think Honeywell’s very, very good. And yes, you can do another tech that’s in there. You can do, you know, why not do Alphabet? I think Alphabet’s terrific there. I just built your portfolio.

Photo by Adam Nowakowski on Unsplash

Honeywell International Inc. (NASDAQ:HON) develops and sells technologies and solutions across aerospace, industrial automation, building management, and energy and sustainability.

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