Honeywell (HON) flat on Q1 earnings

{ Posted on Jan 30 2009 by Brent Archer }
Categories : All, BloggingStocks

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HON logoHoneywell (NYSE: HON - option chain) shares are just about unchanged this morning after the company posted a fourth-quarter profit of $707 million, or 97 cents per share, on revenue of $8.7 billion. Analysts had been looking for a profit of 97 cents per share on revenue of $8.97 billion. In an environment like this, flat on earnings is actually pretty good in my book. 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.

HON opened this morning at $32.72. So far today the stock has hit a low of $32.50 and a high of $34.24. As of 11:55, HON is trading at $32.48, down 19 cents (0.6%). The chart for HON looks bullish and S&P gives HON a positive 4 STARS (out of 5) buy ranking.

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Honeywell (HON) flat on Q1 earnings originally appeared on BloggingStocks on Fri, 30 Jan 2009 13:28:00 EST. Please see our terms for use of feeds.

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