HON - Honeywell International Inc.

NYSE - NYSE Delayed Price. Currency in USD
168.31
+1.54 (+0.92%)
At close: 4:08PM EDT
Stock chart is not supported by your current browser
Previous Close166.77
Open167.60
Bid168.00 x 800
Ask169.25 x 1000
Day's Range166.69 - 168.71
52 Week Range123.48 - 178.47
Volume3,228,611
Avg. Volume2,571,256
Market Cap121.1B
Beta (3Y Monthly)1.23
PE Ratio (TTM)17.80
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield3.28 (1.97%)
Ex-Dividend Date2019-08-15
1y Target EstN/A
Trade prices are not sourced from all markets
  • India Is Planning a Huge China-Style Facial Recognition Program
    Bloomberg

    India Is Planning a Huge China-Style Facial Recognition Program

    (Bloomberg) -- India is planning to set up one of the world’s largest facial recognition systems, potentially a lucrative opportunity for surveillance companies and a nightmare for privacy advocates who fear it will lead to a Chinese-style Orwellian state.Prime Minister Narendra Modi’s government will open bids next month to build a system to centralize facial recognition data captured through surveillance cameras across India. It would link up with databases containing records for everything from passports to fingerprints to help India’s depleted police force identify criminals, missing persons and dead bodies.The government says the move is designed to help one of the world’s most understaffed police forces, which has one officer for every 724 citizens -- well below global norms. It also could be a boon for companies: TechSci Research estimates India’s facial recognition market will grow sixfold by 2024 to $4.3 billion, nearly on par with China.But the project is also ringing alarm bells in a nation with no data privacy laws and a government that just shut down the internet for the last seven weeks in the key state of Kashmir to prevent unrest. While India is still far from implementing a system that matches China’s ability to use technology to control the population, the lack of proper safeguards opens the door for abuses.“We’re the only functional democracy which will set up such as system without any data protection or privacy laws,” said Apar Gupta, a Delhi-based lawyer and executive director of the Internet Freedom Foundation, a non-profit group whose members successfully lobbied the government in 2015 to ensure net neutrality and reject platforms like Facebook Inc.’s Free Basics. “It’s like a gold rush for companies seeking large unprotected databases.”Black MarketA draft data protection bill presented to the government last year still hasn’t been approved by the cabinet or introduced into parliament. The country has already had problems implementing Aadhaar, one of the world’s biggest biometric databases linking everything from bank accounts to income tax filings, which been plagued by reports of data leaks and the growth of a black market for personal information.So far, not much is known about which companies might bid on the facial-recognition system. Minutes of a meeting with potential bidders, obtained by the Internet Freedom Foundation through a right to information request, showed unidentified companies sought clarifications on integrating facial recognition data with state databases and whether it should be able to identify people with plastic surgery.Vasudha Gupta, a spokeswoman for the Home Ministry, didn’t respond to an email seeking comments about the system.For some in the police force, the system will be an essential tool to fight crime if implemented properly. India has seen more than 100 terrorist attacks in the last three decades, including one on luxury hotels and a train station in Mumbai that killed 166 people in 2008.‘Powerful Tool’Nilabh Kishore, who headed a unit fighting organized crime in the state of Punjab until last year, had success against gangsters after he set up a system linking data from police stations across the state.“A system that can identify criminals is invaluable -- facial recognition is a powerful tool,” said Kishore, who is now deputy inspector general of the Indo-Tibetan Border Police. “But human intentions are also very important. You can make the best of technology, but if human intentions are wrong it can be a tool for misuse.”That’s particularly a worry for vulnerable minority groups that have long faced discrimination in India. Lower castes and tribals account for about a quarter of the population but constitute 34% of India’s prisoners, according to the National Dalit Movement for Justice.In January, the Delhi High Court said it was “unacceptable“ that facial recognition had not helped trace any of the 5,000 children missing from the city in three years. Earlier this month, photos and phone numbers from a Madurai city police facial recognition database in the southern state of Tamil Nadu were leaked online.Surveillance ThreatThe threat of foreign spying is also persistent. Last month a federal government think tank criticized the local administration in Delhi for hiring the Indian arm of Chinese firm Hikvision to set up 150,000 CCTVs, saying the move could spur illegal hacking and data leaks to the Chinese government.Foreign surveillance companies operating in India include CP Plus, Dahua, Panasonic Corp., Bosch Security Systems, Honeywell International Inc., and D-Link India Ltd. Many Indian companies won’t be able to bid on the facial-recognition system because the current tender requires them to meet standards established by the U.S. National Institute of Science and Technology, according to Atul Rai, chief executive officer of Staqu Technologies, an Indian startup.Rai, whose company has developed facial recognition for eight local police forces, said India doesn’t have the same quality cameras as China -- making it harder to meet the goal of being able to identify any person with an integrated system. He also said it would be more difficult to implement a national network in India because state governments are responsible for law and order under its constitution.“But if this one happens in line with the government’s plan, it should be a China-like system,” Rai said. “Any powerful country wants to be like China when it comes to using technology to monitor people -- even western countries.”\--With assistance from Santosh Kumar.To contact the reporter on this story: Archana Chaudhary in New Delhi at achaudhary2@bloomberg.netTo contact the editor responsible for this story: Ruth Pollard at rpollard2@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Honeywell Process Reliability Advisor Chosen by Fujian Meide
    Zacks

    Honeywell Process Reliability Advisor Chosen by Fujian Meide

    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.

  • Can General Electric Stock Stay Above Vital Support?
    InvestorPlace

    Can General Electric Stock Stay Above Vital Support?

    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.

  • Companies Aren’t Putting Trump’s America First
    Bloomberg

    Companies Aren’t Putting Trump’s America First

    (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 mwinkler@bloomberg.netTo contact the editor responsible for this story: Jonathan Landman at jlandman4@bloomberg.netThis 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.

  • What's making Charlotte's new Fortune 100 company dust off its recession 'playbook'
    American City Business Journals

    What's making Charlotte's new Fortune 100 company dust off its recession 'playbook'

    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 (HON) Boosts Navigation Offerings With New IMUs
    Zacks

    Honeywell (HON) Boosts Navigation Offerings With New IMUs

    Honeywell's (HON) two new IMUs, which use proven inertial sensor technology, serve as an advanced precision inertial solution on land, air and sea.

  • Barrons.com

    Honeywell Believes in the Future of Smart Manufacturing

    Honeywell sounds bullish about the future of smart manufacturing and the industrial Internet of Things, or IioT.

  • Diversified Operations Industry Near-Term Prospects Bright
    Zacks

    Diversified Operations Industry Near-Term Prospects Bright

    Diversified Operations Industry Near-Term Prospects Bright

  • Honeywell (HON) Commissions Technology for Zhejiang Satellite
    Zacks

    Honeywell (HON) Commissions Technology for Zhejiang Satellite

    Zhejiang Satellite uses Honeywell's (HON) C3 Oleflex technology for the production of polymer-grade propylene at its facility in China.

  • Moody's

    Civic Nexus Finance Pty Ltd -- Moody's affirms Civic Nexus' A1 rating; outlook stable

    "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).

  • 113-year-old Honeywell is transforming into a tech powerhouse
    Yahoo Finance

    113-year-old Honeywell is transforming into a tech powerhouse

    Honeywell is all in on tech across its product portfolio.

  • How to Time the Markets Like an Investing Pro - September 11, 2019
    Zacks

    How to Time the Markets Like an Investing Pro - September 11, 2019

    Have you ever dreamed of being that one in a million investor who has the talent to perfectly time the markets?

  • General Electric Is a Buy Despite the Markopolos Report
    InvestorPlace

    General Electric Is a Buy Despite the Markopolos Report

    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.

  • The Zacks Analyst Blog Highlights: United Parcel, PetroChina, Honeywell, CME and HP
    Zacks

    The Zacks Analyst Blog Highlights: United Parcel, PetroChina, Honeywell, CME and HP

    The Zacks Analyst Blog Highlights: United Parcel, PetroChina, Honeywell, CME and HP

  • Is GE Stock A Buy Right Now? Here's What Earnings, Chart Say
    Investor's Business Daily

    Is GE Stock A Buy Right Now? Here's What Earnings, Chart Say

    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.

  • Top Research Reports for UPS, PetroChina & Honeywell
    Zacks

    Top Research Reports for UPS, PetroChina & Honeywell

    Top Research Reports for UPS, PetroChina & Honeywell

  • Zacks

    Honeywell (HON) Displays Bright Prospects, Risks Remain

    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 Enters Into Partnership With Apparel Logistics
    Zacks

    Honeywell Enters Into Partnership With Apparel Logistics

    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.

  • Real Estate Notebook: Office building sales reach highest level in nearly 5 years
    American City Business Journals

    Real Estate Notebook: Office building sales reach highest level in nearly 5 years

    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.

  • 3 Defense Stocks to Toughen Up Your Portfolio
    TipRanks

    3 Defense Stocks to Toughen Up Your Portfolio

    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.

  • 5 Internet of Things Stocks to Buy Now
    InvestorPlace

    5 Internet of Things Stocks to Buy Now

    The internet of things has been a hot topic for years now, but with a 5G revolution right around the corner, connected devices are garnering more and more attention. Trade tension with China has made the market shaky, especially in the tech space. However, when it comes to picking stocks to buy in the technology sector, the internet of things is a great place to start.Here's a look at five stocks that offer exposure to the fast-growing internet of things market.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Internet of Things Stocks to Buy: AT&T (T)Source: Roman Tiraspolsky / Shutterstock.com If you're looking for internet of things stocks to buy, the first place to look is network providers. None of the connectivity needed would be possible without telecoms building and maintaining infrastructure to support it. If everything goes according to plan and T-Mobile (NASDAQ:TMUS) and Sprint (NYSE:S) merge, there are only three names to choose from on that list -- T-Mobile, AT&T (NYSE:T) and Verizon (NYSE:VZ). A lot of people point to Verizon as the winner of the three, but the only telecom I'd be willing to bet on right now is T. * 7 Best Tech Stocks to Buy Right Now T stock is cheap because the firm is weighed down by a massive debt pile that it acquired beefing up its content library in preparation for a new streaming service. Not everyone believes in AT&T's path forward, which explains the firm's ultra-low valuation. However, I think T stock's future looks bright in the streaming space and its position in 5G means the company has a definite future growth catalyst. With a near 6% dividend yield and a forward price-to-earnings ratio of just 9.7, T stock is a cheap way to buy into the revolution. Honeywell International (HON)Source: josefkubes / Shutterstock.com Another internet of things stock that can't be overlooked is Honeywell (NYSE:HON), an American company responsible for a wide range of connected household devices. Honeywell not only makes everything from connected fire alarms to thermostats for consumers, but the firm also delivers a wide range of connected solutions at the enterprise level as well. There's a lot to like about HON stock from its modest P/E of 18.4 to its respectable 2% dividend yield to the fact that it's been able to grow its earnings per share by 14% annually for the past three years. However, what I find most compelling about Honeywell is the fact that the firm is making big moves into the internet of things space in an unprecedented way. HON is pushing forward with connectivity as a service, a strategy that combines connected wearables with cloud-based applications in order to assist customers in creating more efficient organizations. DexCom (DXCM)Source: FOOTAGE VECTOR PHOTO / Shutterstock.com It would be irresponsible to talk about internet of things stocks to buy without mentioning at least one healthcare play. The healthcare space holds a lot of potential for growth when it comes to connected devices because data collection is such an important part of the industry. DexCom (NASDAQ:DXCM) makes glucose monitors for people living with diabetes. DXCM stock is up 43% so far this year, though it's been a bumpy ride for investors. In just two years, DXCM is up 128% as its devices gained notoriety and investors started to take notice. * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off Of course there is some risk buying into a stock that's been on a run up, but DexCom looks likely to keep climbing in the years ahead as it rolls out new devices at more affordable price points. DexCom is planning to roll out a new glucose monitor in late 2020 or early 2021 that will be smaller than the firm's G6 model. Its lower manufacturing costs mean it will be less expensive for consumers. Management is hoping that the new G7 model will help the firm break into other markets beyond glucose monitoring which would create an entirely new growth runway. Skyworks Solutions (SWKS)Source: madamF / Shutterstock.com Another industry that can't be overlooked when it comes to the internet of things is the semiconductor space. The chips that power connected devices and the networks themselves are an integral part of the overall future of the internet of things. However, choosing which semiconductor stocks to buy right now is a tricky business as the industry has been up against some pretty strong headwinds in recent months. My pick here is Skyworks Solutions (NASDAQ:SWKS), a Massachusetts-based semiconductor firm whose share price has been on a roller coaster ride for the past year. The government's ban on sales to Huawei has hurt SWKS stock significantly -- in the third quarter the firm saw its revenue fall 14% and EPS were down a whopping 47%. However, the firm appears to be faring well in areas unaffected by the trade tension. The company is becoming a major player in the 5G space, and its connected chips can now be found in a variety of electronics including soundbars and smartwatches. The firm's tech is also included in Oculus headsets, Facebook's (NASDAQ:FB) virtual reality arm.So, although you're taking on a lot of risk considering that the trade war with China looks unlikely to let up anytime soon, SWKS could offer a great deal of reward as well. Not only will its connected chips drive growth in the future, but the firm's comparisons in 2020 will be much easier after the dismal year it's had. That means investors who can stomach the risk could see a payoff in just a few months time. Visa (V)Source: Tada Images / Shutterstock.com Payment processors will be another big beneficiary of a more connected world. As more and more devices make their way online, online payments will continue to rise. Part of the reason connected devices are gaining traction is that they reduce friction in people's lives. Cash has become friction for many people, leading developers to look for easier ways to allow people to pay for things without ever taking out their wallets. The two largest credit card networks, Visa (NYSE:V) and Master Card (NYSE:MA) will be able to continue building their networks as people continue to opt for cashless payments. Don't get me wrong, V stock is expensive -- it trades at almost 29 times its future earnings, but that extra cost is worth it. Visa makes money every time someone uses their credit or debit cards, and with trillions of dollars changing hands in Visa's name each year, that translates into some pretty impressive revenue figures. Guggenheim Securities analyst Jeff Cantwell said he also sees a lot of potential growth in Visa's business to business payments arm. Cantwell pointed out that V stock will benefit significantly as contactless payments spread and Visa pushes its way further into cross-border transactions, a $100 trillion market.As of this writing Laura Hoy was long FB and T. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Best Tech Stocks to Buy Right Now * 10 Mid-Cap Stocks to Buy * 8 Precious Metals Stocks to Mine For The post 5 Internet of Things Stocks to Buy Now appeared first on InvestorPlace.

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