Jim Cramer Nailed These 11 Stock Picks

3. Honeywell International Inc. (NASDAQ:HON)

Number of Hedge Fund Holders: 67

Honeywell International Inc. (NASDAQ:HON) is an industrial and tech conglomerate with exposure to aerospace, automation, and energy efficiency. Cramer revealed he personally bought the stock on weakness, calling it a solid long-term bet.

“Yes, and it’s funny because we did buy some for ourselves. You know, on down days, I constantly bother Jeff Marks asking, ‘What do we do? What do you think about Honeywell?’ Finally, we decided, ‘You know what? The market is so low today, let’s put a little money to work.’ And we happened to choose Honeywell.”

The stock is now up 12%, a respectable return in a choppy market and a win for Cramer and his team.

Jim Cramer remains bullish on Honeywell International Inc. (NASDAQ:HON) and claims that the recent pullbacks are a good buying opportunity. Here’s what he said on the 6^th of February:

“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 to just say, old 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.”