Continue reading Is Honeywell Headed to $65 and Beyond?

Is Honeywell Headed to $65 and Beyond? originally appeared on BloggingStocks on Thu, 24 Mar 2011 09:50:00 EST. Please see our terms for use of feeds.

Goodrich (GR), a company that supplies items to the aerospace and defense industries and whose competitors include Honeywell (HON) and United Technologies Corp. (UTX), issued its fourth-quarter results on Thursday. Friday, the shares hit a new 52-week high of $94.12 during the intraday session; they eventually settled down to $93.09, good for a gain of 0.6%, a move backed by above-average volume.

The 52-week low for the stock is $61.24, so the shares have come a long way over the last 12 months. The chart shows a nice uptrend that emerged from a round of sideways trading. How was the Q4 profit? Does it validate the bullish sentiment?

Continue reading Goodrich Near 52-Week High After Earnings Release

Goodrich Near 52-Week High After Earnings Release originally appeared on BloggingStocks on Sat, 05 Feb 2011 12:40:00 EST. Please see our terms for use of feeds.

The shares Honeywell International (HON), which I first wrote about on February 25, 2009, at a price of $26.86, continue to make a bee-line to higher layers of the atmosphere, jumping 20% since late last summer to about $55.

Hence, if you were in near $27, now may be a good time to consider taking some profits. Others who can tolerate the risk can maintain their full position to go for a possible larger capital gain.

Continue reading Honeywell Continues to Vector Higher

Honeywell Continues to Vector Higher originally appeared on BloggingStocks on Tue, 25 Jan 2011 11:30:00 EST. Please see our terms for use of feeds.

General Motors (GM) closed up 12 cents to $33.86 on active December 34 and January 35 calls with total call option volume of 27K contracts compared to 10K puts. December call option implied volatility is at 22, January is at 27, March is at 30, versus its ten-day average of 33, according to Track Data.

Honeywell (HON) announced the increase in its annual dividend by 10% to $1.33 into its 2011 outlook announcement scheduled for 9:00 AM on December 15. Overall option implied volatility of 25 is below its 26-week average of 29, according to Track Data, suggesting decreasing price movement.

Options Update is by Stock Specialist Paul Foster of theflyonthewall.com.

Options Update: General Motors December/January Call Spreaders Active on Low Volatility originally appeared on BloggingStocks on Sat, 11 Dec 2010 09:40:00 EST. Please see our terms for use of feeds.

Analyst Upgrades

• Piper Jaffray upgraded Red Hat (RHT) to overweight from neutral.
• Honeywell (HON) was upgraded to outperform from neutral at Cowen.
• Regal-Beloit (RBC) and Actuant (ATU) were upgraded to buy from hold at Jefferies.
• RW Baird upgraded MedAssets (MDAS) to outperform from neutral.
• Savvis (SVVS) was upgraded to outperform from market perform at William Blair.

Continue reading Analyst Calls: COST, HON, NFLX, NOC, PCP, RHT, TGT, TXT, WMT ...

Analyst Calls: COST, HON, NFLX, NOC, PCP, RHT, TGT, TXT, WMT ... originally appeared on BloggingStocks on Tue, 23 Nov 2010 12:00:00 EST. Please see our terms for use of feeds.

Analyst Upgrades

• Goldman upgraded CSX (CSX) to neutral from sell.
• General Cable (BGC) was upgraded to buy from hold at KeyBanc.
• Morgan Stanley upgraded Chart Industries (GTLS) and Dresser Rand (DRC) to overweight from equal weight.
• Blackrock (BLK) was upgraded to outperform from neutral at Macquarie.
• Credit Suisse upgraded Zions Bancorp (ZION) to neutral from underperform and GameStop (GME) to outperform from neutral.
• Honeywell (HON) was upgraded to outperform from sector perform at RBC Capital.
• Panera Bread (PNRA) was upgraded to buy from neutral at SunTrust.

Continue reading Analyst Calls: AMD, BLK, CSX, DKS, GME, HGSI, HON, KEY, NSC, STP, ZION ...

Analyst Calls: AMD, BLK, CSX, DKS, GME, HGSI, HON, KEY, NSC, STP, ZION ... originally appeared on BloggingStocks on Wed, 17 Nov 2010 12:00:00 EST. Please see our terms for use of feeds.

Continue reading Honeywell Accelerates Out of a Trough

Honeywell Accelerates Out of a Trough originally appeared on BloggingStocks on Wed, 27 Oct 2010 14:00:00 EST. Please see our terms for use of feeds.

Well, I didn't make the correct call on Honeywell International (HON) back in April. I thought the stock was going to keep on heading up after hitting a new 52-week high following the release of the company's first-quarter numbers (as I mentioned then, shares were exchanging hands at the time for $47.78). The equity started to go down shortly after my thoughts were published.

As the chart shows, the stock has had some trouble, but it has recently bounced back toward the current 52-week high of $48.63. Patient shareholders who held on and decided to engage a dollar-cost-averaging strategy most likely are doing okay.

Continue reading Is Honeywell Worth a Look After Q3 Report?

Is Honeywell Worth a Look After Q3 Report? originally appeared on BloggingStocks on Sat, 23 Oct 2010 11:40:00 EST. Please see our terms for use of feeds.

Aerospace business Goodrich Corp. (GR), whose related companies include Honeywell International (HON) and United Technologies (UTX), has been a good stock to own this year. The 52-week low for the shares is $53.57 while the 52-week high is $82.18, the latter being made earlier today. With a little more than two hours to go before the end of regular trading activities, the shares were exchanging hands at $79.55, a quote that reflects a gain of over 2%.

The twelve-month chart seems shows an attractive situation. From a technical viewpoint, it does appear as if more upside is in store for the equity. But what about the latest quarterly missive to investors?

Continue reading Goodrich Higher After Q3 Results: Buy the Stock?

Goodrich Higher After Q3 Results: Buy the Stock? originally appeared on BloggingStocks on Thu, 21 Oct 2010 16:30:00 EST. Please see our terms for use of feeds.

Analyst Upgrades

• Piper Jaffray upgraded Duoyuan Global Water (DGW) to neutral from underweight, citing the potential for positive fundamental news flow through the end of the year, and upped its price target to $16 from $9.
• Jefferies upgraded Alcatel-Lucent (ALU) to buy from underperform, expecting a benefit from a significant ramp in EVDO software sales as mobile data growth accelerates.
• Myriad Genetics (MYGN) was upgraded at RBC Capital to outperform from sector perform with a $23 price target based on valuation and potential to be acquired.
• Goldman upgraded Mohawk (MHK) to neutral from sell with a $53 price target.
• Smithfield Foods (SFD) was upgraded to outperform from market perform at BMO capital with a $21 target.
• Priceline.com (PCLN) was upgraded to outperform from market perform at Morgan Keegan.

Continue reading Analyst Calls: ALU, BIG, COST, DGW, DOW, FO, GE, HON, MGM, MYGN, MON ...

Analyst Calls: ALU, BIG, COST, DGW, DOW, FO, GE, HON, MGM, MYGN, MON ... originally appeared on BloggingStocks on Wed, 13 Oct 2010 12:00:00 EST. Please see our terms for use of feeds.

Analyst Upgrades

• Goldman upgraded Costco (COST) to buy from neutral based on valuation, improving fundamentals and potential catalysts. The firm raised its price target to $68 from $62.
• Soleil upgraded MGM Resorts (MGM) to buy from hold, citing valuation, easing balance sheet concerns and a multiyear convention recovery. The firm upped its target for shares to $14 from $13. Note, Soleil also downgraded Las Vegas Sands (LVS) to hold from buy.
• Piper Jaffray upgraded Phillips-Van Heusen (PVH) to overweight from neutral with a $59 price target following the company's better-than-expected Q2 results.
• Dell (DELL) was upgraded to buy from outperform at CLSA.
• CommScope (CTV) was upgraded to buy from neutral at UBS.
• EnCana (ECA) was upgraded to sector outperformer from sector performer at CIBC.

Continue reading Analyst Calls: BA, COST, DELL, GD, INTC, LVS, MGM, PCLN, TWX, V, VIA ...

Analyst Calls: BA, COST, DELL, GD, INTC, LVS, MGM, PCLN, TWX, V, VIA ... originally appeared on BloggingStocks on Wed, 08 Sep 2010 11:40:00 EST. Please see our terms for use of feeds.

Here are some highlights from this past week's earnings coverage on BloggingStocks:

• Amazon.com Inc. (AMZN) strong Q1 results beat earnings expectations, and yet shares sold off.
• American Express Co. (AXP) reported better-than-expected Q1 earnings, which lifted shares.
• Apple Inc. (AAPL) shares rose to a new all-time high after it said earnings surged 90% in its Q2.
• Coca-Cola Co. (KO) beat Q1 earnings estimates but weaker-than-expected revenue sent shares lower.
• eBay Inc. (EBAY) shares sold off after Q1 earnings were in line with expectations and guidance was weak.

Continue reading Earnings Highlights: Amazon, Apple, Coca-Cola, Goldman Sachs, Hershey, IBM ...

Earnings Highlights: Amazon, Apple, Coca-Cola, Goldman Sachs, Hershey, IBM ... originally appeared on BloggingStocks on Sat, 24 Apr 2010 12:10:00 EST. Please see our terms for use of feeds.

Let's take a quick look at two earnings releases from the past week. We'll start with Amazon.com Inc. (AMZN), an online business that could be a long-term growth story. Then, we'll check out Honeywell International Inc. (HON), an industry conglomerate that hit a new 52-week high.

Amazon has been on the move over the past twelve months. You've got to respect the 52-week range, defined by a low of $73.10 and a high of $151.09. And you've got to like Amazon's latest quarter: net sales increased over 40% in Q1, and net income came in at 66 cents per share, five pennies ahead of the analysts. Also, according to the press release, free cash flow over the past year rose over 60% to $2.3 billion.

Continue reading Amazon and Honeywell: Buy or Sell?

Amazon and Honeywell: Buy or Sell? originally appeared on BloggingStocks on Sat, 24 Apr 2010 09:40:00 EST. Please see our terms for use of feeds.

Some investors have already made up their minds the stock market rally is over. Others are convinced there's nowhere to go but up. Both views are oversimplified market predictions, considering the complicated economic environment.

A closer look at the latest stock market news proves that while things aren't all coming up roses on Wall Street, there are plenty of reasons to be cautiously optimistic the bull market will continue. Here are three of the latest reasons we learned about in the past few days: strong retail sales, strength in one of the worst housing markets and significant increases in corporate spending and dividends.

Continue reading Three Big Reasons to Keep Being Bullish

Three Big Reasons to Keep Being Bullish originally appeared on BloggingStocks on Fri, 09 Apr 2010 12:40:00 EST. Please see our terms for use of feeds.

Here are some highlights from this past week's earnings coverage on BloggingStocks:

• Acuity Brands Inc. (AYI) Q2 results were essentially flat but an analyst's upgraded helped boost shares.
• Borders Group Inc. (BGP) reported strong Q4 earnings due to cost cutting but revenue continued to decline.
• Cal-Maine Foods Inc. (CALM) received an analyst's downgrade on valuation following release of its Q3 report.
• CarMax Inc. (KMX) rose to a new 52-week high following better-than-expected Q4 earnings and sales results.
• Charming Shoppes Inc. (CHRS) posted a smaller-than-expected Q4 net loss and said same-store sales declined.

Continue reading Earnings Highlights: Borders, CarMax, LDK Solar, Mosaic, RIM, Rite Aid ...

Earnings Highlights: Borders, CarMax, LDK Solar, Mosaic, RIM, Rite Aid ... originally appeared on BloggingStocks on Sat, 03 Apr 2010 11:40:00 EST. Please see our terms for use of feeds.

Honeywell (HON - option chain) shares rose Thursday after the company raised its first-quarter EPS forecast Wednesday evening to a range of 45 to 49 cents, up from a previous range of 40 to 45 cents. Analysts expect EPS of 44 cents.

Honeywell also said it now expects fiscal 2010 EPS at the high end of its forecast of $2.20 to $2.40. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on HON.

Continue reading Honeywell Up Slightly on Revised Guidance

Honeywell Up Slightly on Revised Guidance originally appeared on BloggingStocks on Wed, 31 Mar 2010 13:30:00 EST. Please see our terms for use of feeds.

Here are some highlights from this past week's earnings coverage on BloggingStocks:

• Amazon.com Inc. (AMZN) better-than-expected Q4 numbers due to strong holiday sales of media products.
• BlackRock Inc. (BLK) reported strong Q4 results and doubled assets under management due to an acquisition.
• Caterpillar Inc. (CAT) shares fell despite better-than-expected Q4 earnings as guidance fell short of the Street view.
• DeVry Inc. (DV) reported better-than-expected Q2 numbers due to increasing enrollments, which lifted shares.
• EMC Corp. (EMC) reported strong Q4 results that beat the Street view and offered full-year guidance.
• General Dynamics Corp. (GD) Q4 results fell short of expectations and its guidance was less than estimates.

Continue reading Earnings Highlights: Amazon, Caterpillar, General Dynamics, Netflix, P&G, 3M, Verizon ...

Earnings Highlights: Amazon, Caterpillar, General Dynamics, Netflix, P&G, 3M, Verizon ... originally appeared on BloggingStocks on Sat, 30 Jan 2010 14:40:00 EST. Please see our terms for use of feeds.

Continue reading Honeywell: Back up the truck, for share gains

Honeywell: Back up the truck, for share gains originally appeared on BloggingStocks on Thu, 16 Jul 2009 16:20:00 EST. Please see our terms for use of feeds.

Continue reading Consider Honeywell if you're bullish on energy efficiency

Consider Honeywell if you're bullish on energy efficiency originally appeared on BloggingStocks on Wed, 25 Feb 2009 16:35:00 EST. Please see our terms for use of feeds.

Here are some highlights from this past week's earnings coverage from BloggingStocks:

• Altria Group Inc. (NYSE: MO) Q4 profit rose on higher prices, and its forecast matched expectations.
• Amgen Inc. (NASDAQ: AMGN) Q4 earnings grew on cost cutting but revenue remained flat.
• Black & Decker Corp. (NYSE: BDK) shares tanked after the dismal Q4 report, and it announced job cuts.
• Carpenter Technology Corp. (NYSE: CRS) Q2 numbers resulted in a downgrade from one analyst.
• ConocoPhillips (NYSE: COP) reported a Q4 loss due to writedowns from recent acquisitions.
• DuPont (NYSE: DD) swung to a bigger-than-expected Q4 loss and its revenue fell as well.
• Eli Lilly & Co. (NYSE: LLY) swung to a Q4 loss on acquisition costs but reaffirmed its guidance.

Continue reading Earnings highlights: Ford, P&G, Wells Fargo, Starbucks, DuPont, Halliburton and others

Earnings highlights: Ford, P&G, Wells Fargo, Starbucks, DuPont, Halliburton and others originally appeared on BloggingStocks on Sat, 31 Jan 2009 08:40:00 EST. Please see our terms for use of feeds.