DIRS.INFO The most relevant business & tech news

☆ Chip stocks soar — plus, this lagging industrial is due for a catch-up trade
▼ + stars: | 2024-03-07 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. In fact, about half of the S & P 500's industrial stocks have hit records high since the start of 2024. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Powell, Jerome Powell, Jim, Shrugging, Eli Lilly, It's, Lilly, Cramer, Linde, TJ Maxx, we'll, Jim Cramer's, Alwyn Scott Organizations: CNBC, Federal, Qualcomm, Broadcom, Nvidia, Arm Holdings, Devices, Novo Nordisk, Club, Palo Alto, Palo, Honeywell, Aerospace, Berenberg, Eaton Corp, Burlington Stores, Marshalls, TJX Companies, Costco, Marvell Technology, Inc, Bloomberg, Jim Cramer's Charitable, Honeywell Aerospace Locations: cybersecurity, America, Phoenix

☆ GE halves LEAP engine delivery growth target for 2024
▼ + stars: | 2023-10-24 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +2 min

In an interview, CEO Larry Culp said the company is aiming for a 20% to 25% year-on-year increase in the engine deliveries in 2024, lower than a revised 40% to 45% annual growth this year. Still, hitting the target will not be easy as it requires quarter-on-quarter improvements in the supply chain, he said. LEAP engines, which GE produces in a joint venture with France's Safran (SAF.PA), power the narrowbody aircraft of Boeing Co (BA.N) and Airbus (AIR.PA). It forced GE to trim the delivery growth target for LEAP engines this year by at least 5 percentage points and push out some of the deliveries into 2024 and 2025. But the demand for both aftermarket services and new engine deliveries is so strong that GE and its suppliers need to do more, Culp said.

Persons: Larry Culp mingles, Alwyn Scott, Larry Culp, France's Safran, delinquencies, Pratt, Culp, airframers, " Culp, Rajesh Kumar Singh, Jonathan Oatis Organizations: Electric Co, REUTERS, Rights, General, Reuters, GE, Boeing Co, Airbus, Boeing, Thomson Locations: Tarrytown , New York, U.S

As part of a recent slate of diversified purchases, we're adding to our position in industrial giant Honeywell on the assumption that the new CEO, Vimal Kapur, is in the process of scrutinizing the company to unlock value . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer's, Vimal Kapur, Kapur, Morgan Stanley Laguna, Jim Cramer, Jim, Alwyn Scott Organizations: Honeywell International, Honeywell, Morgan, industrials, Electric, GE, RTX Corp, CNBC, Honeywell Aerospace Locations: oversold, Phoenix

"Potentially, that means between 48 and 96 aircraft being taken out of service whilst airlines arrange for the parts to be removed," Reeve added. They asked the High Court on Tuesday to order AOG and Zamora Yrala to preserve relevant documents and to disclose sales documents relating to CF6 and CFM56 engines since February 2015. "Everybody now knows that AOG parts are not necessarily to be taken to be the claimants' parts," he said. The CFM56 jet engine powers the previous generation of Boeing 737s and about half of the previous generation of Airbus A320s. Britain's Civil Aviation Authority said in August it was "investigating the supply of a large number of suspect unapproved parts" through London-based AOG Technics.

Persons: Alwyn Scott, Matthew Reeve, Safran, AOG Technics, Reeve, Jose Zamora Yrala, AOG, Zamora, Zamora Yrala, Tom Cleaver, Sam Tobin, Tim Hepher, Tomasz Janowski Organizations: General, Co, REUTERS, Jet, CFM, General Electric, London's, Court, GE, Britain's Civil Aviation Authority, Boeing, Airbus, European Union Aviation Safety Agency, Bloomberg, Thomson Locations: Boston , Massachusetts, U.S, British, London, AOG

We're buying 25 shares of Honeywell (HON), at roughly $188 each. Following Tuesday's trade, Jim Cramer's Charitable Trust will own 505 shares of HON, increasing its weighting in the portfolio to 3.3% from 3.14%. Honeywell's largest segment aerospace had a strong quarter with organic sales up 16% year-over-year and margin expansion of 120 basis points. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Jim Cramer, Jim, Alwyn Scott Organizations: Honeywell, Cub, Caterpillar, Technologies, Solutions, JPMorgan, CAT, CNBC, Honeywell Aerospace Locations: Phoenix

We're buying 25 shares of Honeywell (HON), at roughly $193.20 each. Following Tuesday's trade, Jim Cramer's Charitable Trust will own 480 shares of HON, increasing its weighting in the portfolio to 3.17% from 3.01%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. An aircraft engine is being tested at Honeywell Aerospace in Phoenix.

Persons: Jim Cramer's, Jim Cramer, Jim, Alwyn Scott Organizations: Honeywell, CNBC, Honeywell Aerospace Locations: Phoenix

☆ We're giving Honeywell a new rating after shares tank on mixed quarterly results
▼ + stars: | 2023-07-27 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Shares of Honeywell (HON) fell Thursday after the industrial conglomerate reported disappointing second-quarter earnings and forward guidance. The segment margin, similar to an adjusted operating income margin, expanded 158 basis points year over year to 22.4%, edging out analysts' forecasts of a 22.3% margin. Quarterly results Along with strong numbers for its aerospace division, management said the outlook is the strongest its ever been. Though the safety and productivity solutions business remains pressured, we are pleased to see significant improvement in segment margin, even if it came in below expectations. Guidance On a full-year basis, these targets (see chart) represent slight increases at the midpoint, as the lower-end forecasts for sales, segment margin, and earnings were all upwardly revised.

Persons: —, we've, Jim Cramer's, Jim Cramer, Jim, Alwyn Scott Organizations: Honeywell, Revenue, Refinitiv, Management, CNBC, Honeywell Aerospace Locations: Phoenix

☆ This industrial stock is getting a trim as stocks rally on weaker inflation data
▼ + stars: | 2023-07-12 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

We are selling 60 shares of Honeywell (HON) at roughly $208.97. Following the trade, Jim Cramer's Charitable Trust will own 455 shares of HON, decreasing its weighting in the portfolio to 3.35% from 3.77%. We are making a small trim of our Honeywell (HON) position into Wednesday's rally, bringing our cash position up to roughly 10%. We are therefore downgrading our rating on HON shares to a 2. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Jim Cramer, Jim, Alwyn Scott Organizations: Honeywell, Reserve, CNBC, Honeywell Aerospace Locations: Phoenix

☆ Boeing investors seek answers after latest 737 production glitch
▼ + stars: | 2023-04-24 | by ( Valerie Insinna | ) www.reuters.com time to read: +2 min

Investors are clamoring for details on the extent of the problem, which Boeing said involves a “significant” portion of the 737 fleet where two brackets were improperly installed. But Wall Street has received little information from Boeing on its plan to fix the problem and the overall financial impact. “I'd like to have some numbers and some scale of the materiality of this, whether it affects deliveries, cash flow and all the rest,” Vertical Research Partners analyst Robert Stallard said. Calhoun said last week that Boeing will not revise current plans to increase MAX production this summer. However, the company has slowed 737 MAX deliveries, and the resulting delivery delay will remove approximately 9,000 seats from airlines’ summer schedules.

☆ Honeywell reported a challenging Q4, but the industrial giant's fundamentals remain strong
▼ + stars: | 2023-02-02 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Industrial conglomerate Honeywell International (HON) on Thursday reported suboptimal fourth-quarter results, sending shares lower in midday trading. However, we remain confident in the Club holding's management team and would see any further weakness as a potential buying opportunity. Supportive of this outlook is strong demand in Honeywell's aerospace division, where growth has been held back on the supply side. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. An aircraft engine is being tested at Honeywell Aerospace in Phoenix.

☆ UBS gets it wrong on Honeywell, Emerson Club holdings are prepared
▼ + stars: | 2023-01-04 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Wall Street Wednesday turned sour on industrial conglomerates Honeywell (HON) and Emerson Electric (EMR) . UBS double-downgraded Honeywell to sell from buy, while reducing the stock's price target to $193 a share from $220. "These are precisely the stocks you need to be in because they are not as cyclical as people think," Jim said of Honeywell and Emerson during the "Morning Meeting." The Club take Our industrial holdings, Honeywell and Emerson Electric, have seen a positive run lately, outperforming the market — a testament to their strength heading into a deepening slowdown. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Core holding Honeywell is a recession-resilient industrial for 2023, Bank of America says
▼ + stars: | 2022-12-13 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Club holding Honeywell (HON) is a diversified industrial giant that's well-positioned to weather a potential recession in the U.S. next year, according to Bank of America. Bank of America on Monday chose Honeywell as one of 7 top industrial picks for 2023, calling the conglomerate a "top-tier operator." "The company has strong pricing power... and has offset supply chain shortages and Russia-related headwinds," BofA analysts wrote in a research note. We also see its product volume improving as supply chain disruptions ease. An aircraft engine is being tested at Honeywell Aerospace in Phoenix.

☆ Honeywell deftly navigates economic pressures to deliver Q3 earnings beat
▼ + stars: | 2022-10-27 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Profit margins expanded in every operating segment, operating cash flow was better than expected and Honeywell's adjusted free cash flow conversion ratio came in at 124%. Segment Q3 results Aerospace Sales rose 9% year-over-year, to $2.98 billion, ahead of the $2.92 billion predicted by analysts. The segment margin climbed 40 basis points on an annual basis, to 27.5%. Organic sales growth was up 19% compared with the same period last year. The overall segment margin is expected to come in between 22.8% and 23.2%, versus a 22.9% consensus estimate.

We're buying 50 shares of Honeywell International (HON) at roughly $188.29 each. Following Tuesday's trade, Jim Cramer's Charitable Trust will own 625 shares of HON, increasing its weighting to 4.06% from 3.75%. From an end market perspective, about 65% of the company's sales are focused on late cycle end markets like commercial aviation, defense, oil & gas, and nonresidential construction. We believe these end markets are less likely to have material earnings revision risks and better positioned to weather a softening macro environment. With this buy, we're repurchasing the full 25 shares we sold at around $198 in late-March plus an additional 25.

Search resuls for: "Alwyn Scott"

14 mentions found