Jim Cramer Discusses These 11 Stocks & President Trump

1. Honeywell International Inc. (NASDAQ:HON)

Number of Hedge Fund Holders In Q3 2024: 55

Honeywell International Inc. (NASDAQ:HON) is one of the largest American industrial conglomerates. Its shares gained a mere 9.4% in 2024 and were up primarily due to the November election proving to be a boon for industrial companies. Honeywell International Inc. (NASDAQ:HON) has been beset by a slowdown in its automation business and an overall sluggish environment. The firm’s narrative is driven by activist Elliot Management taking a stake and driving change. Honeywell International Inc. (NASDAQ:HON) announced that it was splitting into three businesses, and here’s what Cramer said about the affair:

“But this is the quarter you have to buy because you’re finally getting the three pieces. The aerospace business is fantastic. This chemicals business is of course a little bit better than the GDP.  And then you have this automation business which has been a disappointment.”

“For aerospace, they have the cockpit. They have a lot of intellectual property in a plane. They have obviously some service, I think that you do want to emulate. Now remember they’re in every plane. They’re in Bombardier, Airbus, they’re in Boeing. They’ve got a hammerlock on the group. Dave Cote put that together and I like that business. You may just say, hold your nose and buy. If you get that business.”

“That factory automation, David the warehouse business, that was bad. That was bad. . . That’s been a loser.”

“I’m totally with you. Which is why my trust owns it. We’ve been selling higher. Now I’m going to buy it back or hold on.”

HON is a stock Jim Cramer recently discussed. While we acknowledge the potential of HON as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than HON but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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