Jim Cramer Says Honeywell Stock “Feels Totally Snakebit”

Honeywell International Inc. (NASDAQ:HON) is one of the stocks in Jim Cramer’s recent game plan. Cramer discussed the company’s upcoming breakup, as he remarked:

“Honeywell reports too and this stock feels totally snakebit. Honeywell’s breaking into three viable companies, including a pure play aerospace business that I think is woefully undervalued versus competitors. I’m not saying don’t worry about the numbers. I’m saying look through them because the breakup is coming and the stock’s been hammered.”

A technical stock market chart. Photo by Energepic from Pexels

Honeywell International Inc. (NASDAQ:HON) develops technologies and software across aerospace, industrial automation, building management, and energy and sustainability solutions. Cramer discussed the company during the October 10 episode and said:

“I want to highlight the most unheralded Honeywell breakup, the spinoff of its advanced materials division as Solstice, followed by the spinoff of its automation business. And I really like this one… Solstice emphasized that the company’s selling into some attractive end markets with strong secular trends, including the growth of advanced computing, the evolving energy landscape, as well as healthcare, personal safety and defense. All secular growers, as far as I’m concerned…

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

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