167.97 0.00 (0.00%)
After hours: 5:12PM EDT
|Bid||167.69 x 900|
|Ask||169.26 x 1200|
|Day's Range||165.51 - 167.99|
|52 Week Range||123.48 - 178.47|
|Beta (3Y Monthly)||1.23|
|PE Ratio (TTM)||17.77|
|Earnings Date||Oct 17, 2019 - Oct 21, 2019|
|Forward Dividend & Yield||3.28 (1.97%)|
|1y Target Est||183.84|
PHOENIX, Sept. 18, 2019 /PRNewswire/ -- Honeywell (NYSE: HON) has reached two major milestones in the production of auxiliary power units (APUs) for aircraft — rolling out its 100,000th overall and the 15,000th of its most popular variant flying today, the 131-9 model. APUs provide power to tens of thousands of aircraft in the skies today, and Honeywell has been the unquestioned leader in the space for nearly 70 years. Numerous commercial and military platforms have relied on Honeywell APUs to start their main engines and provide additional power to other important systems.
Honeywell's (HON) Process Reliability Advisor will deliver Fujian Meide Petrochemical with crucial operational data of its plant that would enable it to run the plant efficiently.
Software-enabled service enables plants to run at full capability DES PLAINES, Ill. , Sept. 17, 2019 /PRNewswire/ -- Honeywell today announced that Fujian Meide Petrochemical Co., Ltd. will use the Honeywell ...
Shares of General Electric (NYSE:GE) had enjoyed a strong 2019. The stock bottomed out in December just below $6.50, before General Electric stock rallied more than 75% to $11.27 in February.Source: Carsten Reisinger / Shutterstock.com Since then though, GE stock has been consolidating in a mostly sideways pattern. However, that sideways pattern is starting to develop into a rather negative look. That's even as General Electric stock has remained well-above its December lows. * 7 Tech Stocks You Should Avoid Now It has got investors wondering if there's been a "change in tune" with GE stock and if the sideways action will result in dead money -- or worse, losses -- rather than resolve higher. Before diving into the company, let's look at the technicals.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Trading General Electric StockWe have been covering General Electric stock here on InvestorPlace for quite some time. It's no wonder, given its former place among America's blue-chip companies. That's no longer the case, even among its own industry. Names like Honeywell (NYSE:HON), 3M (NYSE:MMM) and United Technologies (NYSE:UTX) are all considered superior entities.In any regard, we kept such a close eye on GE stock because of its tight trading range. Specifically, we continued to highlight range support at $9 and range resistance near $10.50. The latter elevated itself to around $10.70 in June and July, but we've seen a drastic shift in sentiment since. Click to EnlargeInterestingly enough, those range levels have now doubled in significance, as it highlights two key Fibonacci retracements. The 38.2% retracement sits up at $10.60, while the 61.8% rests at $8.99.The question now is, can GE stock reclaim former range support and the 61.8% near $9?Last month, General Electric stock traded down to support and gapped below it, plunging to $7.65. On the subsequent retest though, this former support level acted as resistance, as GE again pulled back to sub-$8 levels. That's where the "change in tune" reference comes in.Now just under $9 again, bulls need to make a strong showing. If General Electric stock can reclaim the $9 level, it puts the 200-day moving average at $9.25 and the 50-day moving average at about $9.50 on the table.GE stock will need to reclaim those two key moving averages in order to get back to range resistance near $10.60.If $9 acts as resistance, August support at $8 is a possibility. Below that and the August lows, and sub-$7 is on the table. Key Analyst Will Move GE StockA key catalyst for General Electric stock has been JPMorgan analyst Stephen Tusa.Tusa upgraded GE from underweight to neutral in December, sparking an enormous rally. To be clear, he wasn't bullish, just less bearish given that the stock had gone from $30 to $7 in a relatively short period of time.Throughout the past few quarters -- through earnings and investor presentations -- Tusa has been critical of the company and of management's outlook. He has since gone back to his underweight rating. About a month ago, he wrote that the company's fundamentals "continue to look negative."He still maintains an underweight rating and $5 price target on the stock, implying more than 45% downside. GE Stock GrowthFor the most recent quarter, General Electric stock beat on earnings and revenue expectations. It also provided better-than-expected guidance. But not everything was perfect in the quarter.For one, GE warned about headaches stemming from the grounding of Boeing's (NYSE:BA) 737 MAX planes. Specifically, GE's cash flow could take a $1.4 billion hit if the planes remain grounded all year. It could also impact guidance.Growth is far from robust, too. Analysts expect revenue to decline almost 4% year-over-year in 2019. In 2020, estimates call for just a 70 basis point advance. The plus side is that revenue would be done going down in this scenario, but disappointing in that it's still sub-1%.GE is still a few years away from returning to any type of impressive growth for investors. In the meantime, it needs to focus on strengthening its balance sheet and improving its free cash flow. If it can attack the latter, investors -- and Tusa -- will take notice.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Recession-Resistant Services Stocks to Buy * 7 Hot Penny Stocks to Consider Now * 7 Tech Stocks You Should Avoid Now The post Can General Electric Stock Stay Above Vital Support? appeared first on InvestorPlace.
- Q2 2019 share repurchases were $164.5 billion - 20.1% lower than Q1 2019, 13.7% lower than Q2 2018, and 26.2% lower than the record Q4 2018. - Apple continues to lead, spending $18.2 billion - down from ...
(Bloomberg Opinion) -- President Donald Trump promised to put America first when he campaigned for the White House. Today, after two and a half years of tax cutting, tariff boosting and assaults on globalization, foreign direct investment has fallen the most in almost two decades amid dwindling confidence by business leaders about continued U.S. prosperity.The 45th president roiled so many symbiotic relationships between the U.S. and its major trading partners in Canada, China, Europe, Japan and Mexico that chief executive officers here and abroad have grown skittish about long-term commitments during the No. 1 economy's record-long expansion. Instead of using most of their cash to build new plants or invest in new equipment, CEOs are putting more of it into buying back company shares.Trump inherited the only developed economy to rebound to a record gross domestic product and which produced the largest increase in jobs after the 2008 recession. But since he became president in 2017, net foreign direct investment in the U.S. tumbled 28% in his first year and another 25% in 2018, according to World Bank Group data compiled by Bloomberg. The last time the U.S. experienced such a double-digit loss in FDI over the first two years of a presidency was 2001 (-51%) and 2002 (-36%) when George W. Bush occupied the Oval Office.When Trump signed the Tax Cuts and Jobs Act of 2017 — reducing the corporate rate to 21% from 35% and also adding more than $1 trillion to the budget deficit — he promised that the law would prompt U.S. and non-U.S. companies to put their repatriated overseas funds into new American facilities and jobs. At the same time, Trump abandoned the U.S. commitment to the 11-member Trans-Pacific Partnership, renegotiated the North American Free Trade Agreement (belittling steadfast allies Canada and Mexico) and imposed tariffs on Chinese products sold to Americans. All of which, he predicted, would create a wave of investment from abroad.It's not happening. While foreign-owned companies have a history of investing more in research and development, wages and benefits than comparable U.S.-owned businesses, they're not rushing to the U.S., said Gary Hufbauer, senior fellow at the Peterson Institute for International Economics, in an interview with CNN last month. Instead of causing overseas firms to move operations to the U.S., Trump's tariffs tend to have the opposite effect because tariffs increase the cost of supplies foreign-owned companies would need to import to make their products, Hufbauer explained.Business leaders initially embraced Trump’s tax cuts and rollback of President Barack Obama's environmental, health and consumer protections. When Chief Executive Magazine surveyed CEOs about their confidence after Trump was elected, he benefited from a surge of 1.7 points, the largest 15-month gain since 2014, according to data compiled by Bloomberg. But their outlook changed at the beginning of 2018 when the same measure began its descent of 1.7 points, the biggest 19-month drop since April 2009 during the recession. Launched in the context of a beggar-thy-neighbor trade policy, the tax cuts proved ineffectual.Corporate America was more optimistic about its future under Obama, when the confidence measure rose 427 basis points during his first two years as president. That's also when billionaire investor Warren Buffett made the biggest bet on the nation's prospects when he acquired the Burlington Northern Santa Fe railroad for $44 billion. During Trump’s first two years, it fell 49 basis points. The lack of confidence in Trump is unprecedented; when Bloomberg began compiling CEO-confidence data in 2002, it showed a boost of 280 basis points for George W. Bush during his first 24 months in the White House.Trump's tax cuts barely made a difference encouraging American companies to invest in themselves. While capital expenditures rose 9% in 2018 from the five-year average to $1 trillion for companies in the Russell 3000 Index, the money deployed for share buybacks and cash dividends increased 24% from the five-year average to $1.5 trillion, according to data compiled by Bloomberg.Unlike Buffett's bullish-on-America railroad acquisition in 2009, Honeywell International Inc., the Charlotte, North Carolina-based multinational with sales in more than 30 countries, last year spent $4 billion buying back its shares, or 38% more than in 2017, according to data compiled by Bloomberg. At the same time, the diversified technology and manufacturing company spent $828 million on capital expenditures in 2018, or 20% less than it did in 2017.Microsoft, the world's largest company with a market capitalization of more than $1 trillion, put $14 billion into capital expenditures last year, an increase of 20% over 2017. But it also spent almost $20 billion buying back its shares, or 82% more than it did a year earlier, according to data compiled by Bloomberg.CEOs tend to blame uncertainty for their hesitation. Trump's tax cuts, trade wars and criticism of the Federal Reserve ushered in a period of market volatility that hasn't been experienced since he ran for president in 2016 and, before that, since the climax of the financial crisis and its aftermath between 2008 and 2012. The standard measure of investor anxiety, which is the average implied volatility of the S&P 500, increased three percentage points during Trump's first two years in office, according to data compiled by Bloomberg.Under Obama during the similar period, the same VIX Index fell 10 percentage points. The last time the VIX surged for two years into a new presidency was at the beginning of the new century when Bush's tax cuts brought the U.S. budget back to deficits after several years in balance.\--With assistance from Shin Pei and Tom Lagerman.To contact the author of this story: Matthew A. Winkler at firstname.lastname@example.orgTo contact the editor responsible for this story: Jonathan Landman at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Matthew A. Winkler is a Bloomberg Opinion columnist. He is the editor-in-chief emeritus of Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Although Charlotte-based Honeywell is having a good year — with organic growth at 7% and margins improving by 50 basis points in the first half of 2019 — the company sees reason for caution. And, as a result, it's gone to the playbook for contingency plans.
Honeywell's (HON) two new IMUs, which use proven inertial sensor technology, serve as an advanced precision inertial solution on land, air and sea.
Zhejiang Satellite uses Honeywell's (HON) C3 Oleflex technology for the production of polymer-grade propylene at its facility in China.
New HGuide inertial measurement units offer high-performance and cost-efficient solutions for reliable navigation data in challenging environments PHOENIX , Sept. 12, 2019 /PRNewswire/ -- Honeywell ( NYSE: ...
"IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS. CNF is the financing vehicle for Civic Nexus Pty Ltd (Civic Nexus), which entered into contractual arrangements with the State of Victoria (Treasury Corporation of Victoria, Aaa stable) to finance, design, build and maintain the Southern Cross Station in Melbourne under a PPP framework. Civic Nexus receives periodic availability-based payments from the State for the provision of facility maintenance (FM) services, which have mostly been transferred to Honeywell Limited (a subsidiary of Honeywell International Inc., A2 stable).
DES PLAINES, Ill., Sept. 11, 2019 /PRNewswire/ -- Honeywell (HON) announced today that Zhejiang Satellite Petrochemical Co., Ltd. is using Honeywell UOP's C3 Oleflex™ technology to produce 450,000 metric tons per year of polymer-grade propylene for a new petrochemicals complex in China. This is the second C3 Oleflex unit now operating with Satellite.
General Electric (NYSE:GE) finally looked to be out of the woods. GE stock bounced nicely earlier this year, and the company appeared to be turning things around. But a short seller has put GE stock back in the center of controversy once again. Harry Markopolos, famous for helping expose Bernie Madoff down, has sought out his next big target: General Electric.Source: testing / Shutterstock.com Markopolos dropped a 175-page report alleging all sorts of fraud and misrepresentations at GE. As a result, traders immediately dumped GE stock, though it quickly recovered much of its losses. Various analysts, including other short sellers, pointed out errors and hasty thinking in Markopolos' report. Still, many traders are operating under the thinking that where there's smoke there may be fire. GE stock has yet to reclaim the $10 per share mark following Markopolos' negative analysis of the firm. * 7 Best Stocks That Crushed It This Earnings Season Reasons For SkepticismAs InvestorPlace's James Brumley noted, there are many reasons to question the Markopolos report. For one, various folks ranging from bank analysts to fellow short sellers and even an ex-SEC chairman have suggested there were "suspicious" things about his work. Bronte Capital's fund manager John Hempton slammed the report as "utterly misleading" and "flat-out silly".InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhile Markopolos deservedly earned his reputation with the Bernie Madoff investigation, it's far different going after a public company. It's one thing to expose a total ponzi scheme. But with GE, Markopolos is going after nuanced accounting things such as assumptions on long-term insurance policies where accountants can disagree.Look at something like Brighthouse Financial (NYSE:BHF) where the famed David Einhorn is long, short sellers are on the other side, and they are having a healthy debate around the value of its long-term insurance policies.Markopolos, by contrast, is running around screaming fraud while discussing complicated details.Why is Markopolos taking such a direct approach? He seems to be going for a financial reward. Markopolos is angling to earn money from an SEC whistleblower program along with working with a hedge fund that profits if the GE stock price goes down. These reasons would give Markopolos motivation to play up the incendiary language in his allegations. There Are Valid ConcernsWhile I'm skeptical about the Markopolos report and its intentions, there are some points the bears have latched onto that are worthy of further consideration. For example, GE has negative working capital -- and a lot of it. The figure pencils out around $10 to $20 billion depending on what all you count.What's this mean? General Electric owes more in short-term liabilities than it has in short-term assets. This can be a good thing. For example, think of a subscription business, where people pay you before you deliver a service to them. In the case of an industrial firm like GE, however, a large negative working capital position could mean the company is in weaker financial position than you'd think from a quick glance at its credit rating.In addition to the negative working capital point, analysts concede that Markopolos has some valid concerns on other things such as valuation marks on some divisions and how the value of long-term insurance contracts are calculated. But there's little evidence of anything close to outright fraud. It's Dangerous to Bet Against Larry CulpOne of the weirder things about calling GE a massive fraud is its management team. General Electric already cleaned the deck of its old team and brought in Larry Culp. For those unfamiliar, Culp was the longtime head of industrial powerhouse Danaher (NYSE:DHR). During Culp's tenure, Danaher stock appreciated roughly 500%. Culp is clearly a skilled leader, and there was no evidence of any wrongdoing in his previous highly-successful company.Once Markopolos leveled his charges against GE, Culp stepped in and bought GE stock aggressively. Culp said the allegations are baseless and defended the company with the strongest currency possible, his own money. In fact, Culp invested more in GE stock following the fraud claims than he invested in Danaher during his triumphant run at that firm. That's how much conviction Culp has that Markopolos is shooting blanks.Does a great leader guarantee that GE will succeed? Of course not. Sometimes even the greatest management teams face insurmountable challenges. And General Electric is admittedly in a pretty difficult situation. But in Culp, you have an honest and proven leader. GE Stock VerdictIf you're looking for a safe industrial stock to buy, don't pick GE. GE just announced its measly one cent quarterly dividend payment last week. That's a stark reminder of how far GE has fallen from when it was one of America's most respected blue chip holdings. If you want a safe reliable holding, something like Honeywell (NYSE:HON) or United Technologies (NYSE:UTX) is a better bet. * 10 Stocks to Sell in Market-Cursed September But if you are willing to speculate on a turnaround with a decent shot at success, GE is interesting. This Markopolos report could be a blessing in disguise, as it has aired some pointed questions about GE's accounting and offered investors a lot more transparency into the firm. As folks get more comfortable with Culp's vision for an improved General Electric, shares could rally nicely in coming quarters.At the time of this writing, Ian Bezek owned UTX and BHF stock. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell in Market-Cursed September * 7 of the Worst IPO Stocks in 2019 * 7 Best Stocks That Crushed It This Earnings Season The post General Electric Is a Buy Despite the Markopolos Report appeared first on InvestorPlace.
General Electric is making major changes after a brutal couple of years. Here is what the fundamentals and technical analysis say about buying GE stock now.
Strong commercial aftermarket & defense businesses, and solid demand for Honeywell (HON) commercial fire & security products are likely to drive revenues. Soft productivity products business is a woe.
Honeywell's (HON) partnership with The Apparel Logistics Group will help the latter to expand e-commerce order output, strengthen productivity and boost its value-added services capability.
Sales of Atlanta’s office buildings rose to more than $1.3 billion through the first half of 2019, the second-highest transaction volume during that period in the past five years, according to real estate services firm Newmark Knight Frank. Only the first half of 2015 saw more deals for office properties, when the total came in just under $2.5 billion. Midtown saw a number of high-profile sales during the first six months of this year, including Northwood Investors buying 715 Peachtree, a former J.C. Penney Co. regional headquarters that was renovated by Pacific Coast Capital Partners and Atlanta real estate company Carter.
August was a tough month for stock investors - the S&P 500 dropped 2% for the month. The ongoing trade tensions between the US and China, and President Trump’s mercurial approach to diplomacy, put a damper on stocks exposed to the Asian import-export trade. In the bond markets, the yield curve inverted – that is, the 10-year yield dipped below the 2-year yield, indicating a lack of investor confidence in the short-term markets, but more ominously the inversion is considered an accurate long-range recession predictor.The upshot was increased volatility. The S&P 500 had its second worst month this year, with half of August’s trading sessions seeing declines in the index. In response, classic defensive stocks – such as AT&T (T) and Procter & Gamble (PG) – have seen gains as investors sought safe havens. Here, we’ll look at three such havens: defense stocks that are showing resilience in the face of current market conditions, and are attracting positive notice from the Street’s top analysts. Northrop Grumman Corporation (NOC)Best known today for its line of military drones and the B-2 stealth bomber, Northrop Grumman has long been a mainstay of the US defense industry. It’s a quality business niche that has served the company well, and the most recent quarterly earnings bear that out. NOC reported a 9% positive surprise in EPS, showing $5.06 per share against the $4.64 expected, on $8.46 billion in quarterly earnings. Along with the strong earnings performance, the company pays out a regular dividend. While the yield is modest, the payment is high at $5.28 annually.After the earnings report came out, 5-star Credit Suisse analyst Robert Spingarn was duly impressed. He raised his price target on the stock by 5%, to $385 dollars, saying, “The company has powerfully disrupted the low-growth bear narrative with Q2 results.” NOC shares have gained since Spingarn reviewed the company, and his price target on the stock suggests a 5% upside from current levels.NOC’s share price gains were pushed along by an upgrade from Morgan Stanley’s Rajeev Lalwani, who moved his position from neutral to buy. He wrote, “NOC is well-positioned in the market. Its focus on high-end technology and other favorable factors make it the best long-cycle play.” While Lalwani declined to set a specific price target, his “long-cycle” comment indicates high confidence in the company.Northrop holds a Strong Buy from the analyst consensus, and a robust $364 share price. The stock's recent gains have pushed it right up to the $366 average price target, leaving only a small upside, the outlook remains bullish and current trends are positive. Honeywell International, Inc. (HON)Honeywell may not be a household name, but you have probably used some of their products. Among the company’s civilian-oriented products are such common appliances as thermostats and home security alarms. Honeywell’s aerospace segment is deeply involved in the defense industry, producing a wide array of component systems as well as several high-tech weapons and drones.All of this has provided returns for investors. In the July Q2 release, HON reported a modest EPS beat of 1%, showing $2.10 per share. Revenue just missed the expectation, due to several business spin-offs during the previous 12 months. The company’s organic business showed a 5% improvement. And in a move that keeps investors happy, HON continues to reliably pay out its 2% dividend. At the current trading levels, the annualized payment is $3.28 per share.John Eade, of Argus, sees strength in Honeywell’s position despite the revenue miss. He writes, “We expect momentum to continue as the company generates low double-digit earnings growth over the next 5 years. Honeywell stands to benefit from its diverse product lines, its strong presence in the commercial aerospace and commercial construction markets, as well as its mid-market product presence in China that is growing in spite of the country's infrastructure slowdown.” He gives HON shares a price target of $195, suggesting an upside potential of 19%.The analyst consensus on HON is a Strong Buy, based on 5 buys and 1 hold from the past three months. The stock is trading at $163, so the $187 average price target gives it a 14% upside. Note that even the low price target here of $177 is higher than the current share price. Boeing Company (BA)Boeing has been getting more than its share of news this year, and not all of it good. The company’s 737 MAX-8 airliner – the best-selling model of its best-selling commercial aircraft – remains grounded world-wide in the aftermath of two fatal air crashes. Boeing management failed to allay customer and government worries after the crashes, and while it reports that it has a fix for the airliner’s autopilot problem, it has yet to receive regulatory approval to make the upgrades.Even so, industry watchers see the company with a firm foundation. Its wide-body airliners remain in production, as do the F-15 and F-18 fighter programs. Boeing has committed to maintaining its high-paying dividend during these difficulties, rewarding investors for loyalty. That dividend, despite a modest yield of just 2.33%, pays out a high $8.22 per share annually.Boeing has shown strong recent gains in share price after Cowen’s 5-star analyst – and aerospace expert – Cai Rumohr reiterated his Buy rating on the stock. Rumohr notes that the company “has updated MCAS software and is developing software for the flight control microprocessor, and is also working in parallel with airlines and regulators on pilot workload issues.” He adds that the FAA could hold a certification flight for the 737 MAX as early as mid-October, which would speed up Boeing’s timeline on returning the airliners to regular service. Rumohr’s $460 price target on BA indicates a potential 29% upside.With all of the headwinds it has faced, Boeing’s analyst consensus remains a Moderate Buy. The stock has received 11 buy ratings in the last three months, compared to 5 holds. Its average price target is $425, which suggests a healthy 20% upside compared to the $353 current share price.Visit TipRanks' Trending Stocks page, to find out which stocks Wall Street's top analysts like today.