Jim Cramer Shed Light on These 11 Stocks

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7. Honeywell International Inc. (NASDAQ:HON)

Number of Hedge Fund Holders: 67

Honeywell International Inc. (NASDAQ:HON) is one of the stocks Jim Cramer shed light on. A caller asked if they should hold it or buy more, and Cramer replied:

“Okay, Honeywell’s part of a whole cohort of industrials that just keeps going down, and I don’t know what to say other than the fact that we’re holding on. We probably, when I talked about this with Jeff Marks this morning, probably looking at 202, 204 to buy more. Not before then. This group is so problematic. I don’t, I’m going to let the pitch come to me.”

Honeywell International Inc. (NASDAQ:HON) provides technologies and solutions across aerospace, industrial automation, building automation, and energy and sustainability. Its products include avionics, propulsion, automation systems, safety products, building control software, clean energy technologies, and advanced materials. During a July episode, Cramer discussed the stock in light of its earnings:

“Alright, help me here. What in the world just happened to the stock of Honeywell, the iconic industrial that’s in the process of breaking itself up? This morning, the company reported what sure looked to me like a good quarter, top and bottom line beat, management raising the full year sales and earnings forecast. That’s what I always like to see.

The stock was climbing in pre-market trading, yet it ultimately got hit and finished the session down 6%. And look, the quarter wasn’t perfect. There was some margin pressure, especially in the aerospace business, but much of the raised guidance comes down to a weak dollar, maybe some acquisitions. Still, I think it’s crazy that the stock pulled back this hard when we are getting so close to a three-way breakup that could really unlock a lot of value for you.”

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