Two Ways To Play: Honeywell's Big. Yeah, yeah, yeah!
Strengthen your portfolio in good times and bad.
The company issued upside guidance for FY 2008 with earnings per share in the range of $3.75-3.85, above prior guidance of $3.70-3.80 and analysts' expectations of $3.79 per share.
In a statement, the company said it's well positioned with long-term macro trends such as safety, security, energy efficiency and energy generation. Great positions in good industries and "continued flawless execution" will help the company deliver consistent growth even through tough global economic conditions.
From the Bull Pen: Is IBM (IBM) the better upside vehicle? A tech play reaching a new 52 week high in this market? Pullbacks to the $124 level could have some fresh bulls emerging.
From the Bear Cave: Shares were lower for much of the session for Honeywell as investors were concerned over margins in a few of its businesses. Bears could play the downside with a $44-$46 target in mind.
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