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☆ Honeywell forecasts increase in private jet deliveries over next decade
▼ + stars: | 2022-10-16 | by ( ) www.reuters.com time to read: +2 min

Oct 16 (Reuters) - Honeywell International Inc (HON.O) on Sunday lifted its outlook for business jet deliveries, as the COVID-19 pandemic brought in a wave of first-time users and buyers in the private flying market. Honeywell forecast up to 8,500 new business jet deliveries worth $274 billion from 2023 to 2032, up 15% from last year's outlook, while the usage in 2022 is expected to climb 9% higher. Private flying demand boomed during the pandemic as wealthier passengers opted for charter planes due to concerns about exposure to the virus. Register now for FREE unlimited access to Reuters.com RegisterPassengers who used to fly first class on a commercial airline have now increasingly switched to private flying. "Demand for new business jets is as high as we've seen it since 2015, and we expect high levels of demand and expenditures for new aircraft for several more years," said Heath Patrick, Honeywell Aerospace president, Americas aftermarket.

REUTERS/Joshua Schneyer/File PhotoOct 14 (Reuters) - Hyundai Motor Co's (005380.KS) air taxi unit has picked aerospace supplier Honeywell International Inc (HON.O) to develop avionics systems for its eVTOL (electric vertical take-off and landing) aircraft, the companies said, ahead of an announcement next week. "We want to see the FAA come out with its set of certification rules, quickly. Honeywell's collaboration with Supernal is its first with an air taxi firm established by an automaker. The company, which is a big supplier to Boeing Co (BA.N) and Airbus SE (AIR.PA), also has investments in other eVTOL firms - Lilium, Vertical Aerospace and Volocopter. The company expects the overall market for air taxis to be about $120 billion per year by 2030, Fymat added.

Companies Honeywell International Inc FollowNEW YORK, Oct 10 (Reuters) - Tech firm Honeywell International Inc (HON.O) will roll out technology that could increase supplies of lower-carbon aviation fuel produced from ethanol, the company said on Monday, as the Biden administration calls for the aviation industry to reduce emissions. Honeywell's technology can increase production efficiency of sustainable aviation fuel (SAF) to lower costs. Oil refiners have been trying to increase production of SAF to try to lower emissions. The new technology would also enable oil refiners and other fuel producers to convert current or idle facilities into SAF production plants, it said. Many producers have chosen to make sustainable aviation fuel from feedstocks with lower carbon-intensity, such as grease and animal fat.

☆ Honeywell roles out new sustainable jet fuel process
▼ + stars: | 2022-10-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHoneywell roles out new sustainable jet fuel processVimal Kapur, Honeywell President and COO, joins 'Closing Bell' to discuss Honeywell's new jet fuel innovation for sustainable aviation, the U.S. goal of achieving 100% sustainable aviation fuel by 2050, and finding business growth opportunities around the world.

We're buying 25 shares of Salesforce (CRM) at roughly $147.28 each and 25 shares of Honeywell (HON) at roughly $170.28. In a very oversold market, according to our trusted S & P Oscillator , we've making two more small buys Monday afternoon. The Oscillator reached an extreme oversold reading of minus 10.66% after last week's sharp declines. As a reminder, any time the Oscillator moves below minus 4%, it signals oversold conditions in the market, which could mean it's due for a bounce. However, the Oscillator (and the market) could, of course, go even lower from here, especially as equities take their cue from the bond market.

☆ FedEx inflamed recession fears. These are our least economically sensitive stocks
▼ + stars: | 2022-09-16 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +12 min

FedEx hasn't exactly been a perfect company in recent years, and Subramaniam acknowledged to Jim that FedEx needs to get its own house in order. However, the traditional recession playbook involves selling energy stocks due to fears of demand collapsing. Mixed bag The stocks discussed here have a mixture of economically resilient and sensitive characteristics to them, such as Microsoft (MSFT) and Apple (AAPL). (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

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.

☆ 3 takeaways from Tuesday's meeting: Stocks plunge, we're buying HON, but wait on COST, SBUX
▼ + stars: | 2022-09-13 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Stocks sink on hot CPI Looking to add some Honeywell Wait to buy Costco, Starbucks 1. Wait to buy Costco, Starbucks Jim was also talking about how inflation might impact Club holding Costco (COST). 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.

Earnings are a bit more subdued this week, but a number of Club stocks are in the news for other reasons. Here's our take on four headlines and whether they impact our investment thesis for each company. Meta Platforms The news: Meta Platforms (META) said Tuesday it successfully raised $10 billion in its first-ever corporate bond deal. 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 .

☆ Honeywell gets a well-deserved stock boost on terrific quarter, adequate guide
▼ + stars: | 2022-07-28 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Revenue at Honeywell rose 4% year over year organically to $9 billion for the quarter, exceeding expectations of $8.68 billion. However, full-year guidance was in-line to better-than-expected, with management raising its estimated midpoint for organic sales growth, adjusted earnings per share and segment margins. Honeywell generated operating cash flow of $789 million and free cash flow of $843 million, versus expectations of $892 million and $572 million, respectively. Starting with the third quarter, management forecasts sales of $8.9 billion to $9.2 billion, versus expectations of $9.14 billion. Full-year free cash flow guidance was unchanged at between $4.7 billion and $5.1 billion versus a $4.91 billion consensus.

☆ What Honeywell's CEO says about inflation, the chip shortage and the strong dollar
▼ + stars: | 2022-07-28 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

In addition to our full recap of Honeywell's second-quarter , here's what Adamczyk had to say. Honeywell's sizable exposure to the aerospace and energy industries is very beneficial right now, Adamczyk said, even as there's growing concerns about a broader recession. The aerospace industry accounts for about one-third of Honeywell's revenue, while oil and gas is about 12%, according to Bank of America analysts estimates. In the second quarter, Honeywell's aerospace sales rose 5% year over year on an organic basis. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

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