"the company has too great of an exposure in Europe, Russia and China"
Just another one of many dumb comments that you continue to make.
If the company had less exposure it would also mean less revenue.
Think before you comment
Yes, because the company has too great of an exposure in Europe, Russia and China whose economies are slowing. This will translate into reduced earnings for the long term, therefore a lower stock price.
Looking at the YTD chart, it seems that HON has bounced off $90 four times since last April. Does it matter that HON is below $90 now?
Wonder why? FWIW, last time I checked: thestreet gives HON an A+, Morningstar gives HON a 5 out of 5. Motley Fool also gives HON a 5 out of 5.
In 2009 Dave Anderson said that the stock would be over $90 in 2014 and some people thought he was crazy. Shortly after it got there he left and it has been a roller coaster ever since. Maybe he was as good at projecting a downturn as he was the climb up, and he got out near the peak to ensure that all of his options would cashed out at the right time. Hopefully they will report a strong Q3 and we can watch this climb back up through the end of 2014, but I am glad that sold some of my shares over the past 3 months. I am just not sure if it is safe to jump back in yet.
All these clowns who take credit for how much they grew earning are about to face the truth. They aren't that bright nor worth the millions they steal from shareholders and employees. Profits are due to low interest rates provided by the Federal Reserve stealing from the bank accounts of the average American.
Strong dollar good for consumers but not for stocks There are soooo many things to be concerned about including a little known virus called Marburg
Europe hurting US stocks. Euro conversion rate now down about 8% from around 1.36 and hurts companies that repatriate overseas earnings into dollars. Cote has in the past used a "worse case" conversion rate of 1.25 in his earnings forecasts and we are now there. Don't think this will be a major impact but along with the slower Europe recovery it could limit any earnings upside. Hopefully, the Euro will get back up in the 1.3 range before the end of the year.
There are so many global issue in play currently that trying to keep up with them is near impossible.
Economy in Europe is starting to weaken again. Even Germany is showing the same signs.
Issues concerning Spain and the potential pull away of Catalonia, with only a predicted 30% chance of actually happening, it still has affected their markets.
Perhaps the biggest concern involving Spain is they have a 50-year bond coming due
Notice that even a stronger dollar and a great jobs report has failed to turn the market.
The news just reported that many businesses in Hong Kong are closed and their local markets are taking a big hit.
Lets see what affect this has on the markets over night and the broader US markets tomorrow..
Good, you have now learned that kurtwch never has anything positive to say and likes to misrepresent the facts.
He is dumber than a box of rocks. Shun him and if we are lucky he may go away.
I don't like to see posts that seem to contain mis-information. To say that Honeywell is near it's 52 week low is not really accurate. That is why I responded with a more objective assessment.
Thank you for pointing out that HON is hardly up at all YTD. It is surprising that a company with such stellar earnings, and earnings growth would be flat, while the share prices for far worse companies are through the roof.
Guys, stop this silly little debate over who is correct about the stock being closer to its 52 week high or low. Should you not be focusing on the stock gain or lose for the year.? It is not going to hit the high or the low, so who cares?
Since you like to play with numbers, if the stock closes below $90.06 at year-end, those holding the stock for the entire year will NOT have made any money for fiscal year 2014.
I am seeing the present price at 90.60. The 52 week low is 81.04 and the 52 week high is 98.09.
HON is getting pounded, but I am not sure it's that near it's 52 week low. Even now, it's still closer to it's 52 week high.
90.60 - 81.04 = 9.56
98.09 - 90.60 = 7.49
Still holding up a lot better than RTN, or GD; about even with ITA.