Jim Cramer Shared His Weekly Game Plan: 22 Stocks in Focus

16. Honeywell International Inc. (NASDAQ:HON)

Number of Hedge Fund Holders: 76

Honeywell International Inc. (NASDAQ:HON) is one of the stocks in focus as Jim Cramer shared his weekly game plan. Cramer noted that the company is breaking up, as he stated:

Thursday morning, we hear from Honeywell. Now, this is really complicated. When the company reports, almost every single time, the stock’s going down, plain and simple. The stock has run up lately because it’s planning to list shares of its quantum business, Quantinuum, and that’s got many traders going. They own the majority stake, and it should be red-hot. But in the end, Honeywell’s still a company that’s breaking into three pieces.

Well, it breaks into a couple of pieces and I gotta tell you, here’s what’s going to happen: You’re going to get people who say, I don’t want the automation. It’s going to get people who say, I don’t want the aerospace. And the other people who are going to say, I don’t know how long this thing’s going to take, but I don’t want to be involved with it. And that’s going to cause the stock, I think, to take a hit. Would I sell it Wednesday to buy it back Thursday? I’m not a trader, okay? Do I think that’s exactly what’s going to happen? Yes.

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