Honeywell (HON) Offering Possible 25% Return Over the Next 22 Calendar Days

Honeywell's most recent trend suggests a bullish bias. One trading opportunity on Honeywell is a Bull Put Spread using a strike $220.00 short put and a strike $215.00 long put offers a potential 25% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $220.00 by expiration. The full premium credit of $1.00 would be kept by the premium seller. The risk of $4.00 would be incurred if the stock dropped below the $215.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Honeywell is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Honeywell is bullish.

The RSI indicator is at 46.45 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Honeywell

Honeywell, Denso Partner to Target Electric Aircraft Components Market
Tue, 25 May 2021 08:00:54 +0000
Honeywell (HON) and Denso have identified a business opportunity in the electric aircraft components market, and they are pursuing it by teaming up to build electric propulsion systems for aircraft. Their electrified power sources will help provide cleaner, quieter and more environmentally-friendly transportation in and between cities. The partners plan to deliver flight test configurations of the electric propulsion systems in 2022. The companies said they had initiated talks with potential customers about integrating the new electric propulsion systems into their aircraft. They are initially targeting aircraft used to deliver packages and fly passengers across cities, which comprise a segment called urban air mobility (UAM). Denso is a specialist in auto components and technology that supplies nearly every vehicle on the road today. Honeywell operates a diversified business, and its aerospace division builds engines, mechanical systems, and electronics for aircraft. “Honeywell technologies have helped power human flight for more than 100 years, and as electric propulsion for aircraft takes shape, Honeywell will be at the forefront,” commented Dave Marinick, president of Engines & Power Systems, Honeywell Aerospace. In addition to making money selling these systems, Honeywell and Denso count on the partnership to reduce the environmental impact of their operations. Both companies have committed to make their operations carbon neutral by 2035. (See Honeywell stock analysis on TipRanks) JPMorgan analyst Stephen Tusa reiterated a Buy rating on Honeywell stock but did not assign it a price target. Tusa believes investors have not fully understood Honeywell’s growth potential. “Investors underappreciate the many growth initiatives Honeywell has embedded in its portfolio that are on the cusp of bearing fruit in the middle of key early stage secular trends,” noted Tusa. Consensus among analysts on Wall Street is a Moderate Buy based on 8 Buy and 5 Hold ratings. The average analyst price target of $237.82 implies 5.70% upside potential to current levels. HON scores a “Perfect 10” on TipRanks’ Smart Score rating system, implying the stock will likely outperform the market. Related News: Uber Partners with White House to Offer Free COVID-19 Vaccination Rides Tinder Partners with White House to Accelerate COVID-19 Vaccinations Tesla Faces Norwegian Fine over Slow Charging; Stock Jumps 4.4% – Report More recent articles from Smarter Analyst: Palantir Strengthens Ties with U.S Space Force Tesla Faces Norwegian Fine over Slow Charging; Stock Jumps 4.4% – Report Uber Partners with White House to Offer Free COVID-19 Vaccination Rides Liminal Biosciences Completes Plasma Centers Sale; Stock Jumps 4.65%

DENSO, Honeywell Ascend Into Urban Air Mobility With Expanded Alliance
Mon, 24 May 2021 13:00:00 +0000
DENSO, a leading mobility supplier, has signed a long-term agreement with aerospace leader Honeywell (NASDAQ: HON), establishing an alliance focused on electric propulsion units to meet new aerospace needs. Drawing from their automotive and aerospace backgrounds, the companies will develop and manufacture electric propulsion systems for aircraft, initially prioritizing the urban air mobility (UAM) segment with a focus on air taxis and delivery vehicles.

Honeywell Is Continuing Its Software Transformation With SAP
Wed, 19 May 2021 15:42:00 +0000
The companies unveiled a software product for commercial building operators, one of the first to emerge from a partnership announced in June.

Honeywell, SAP Launch Connected Buildings Solution To Help Operators Make Smarter Real Estate Decisions
Wed, 19 May 2021 15:00:00 +0000
Honeywell (Nasdaq: HON) announced today the launch of a cloud-based solution that streamlines and combines operational and business data for building owners and managers to support better decision-making, drive greater efficiencies and reach sustainability goals. The new solution, Honeywell Forge Real Estate Operations, extends the capabilities of Honeywell Forge enterprise performance management software and was jointly developed with SAP on the SAP Business Technology Platform.

5 Stocks to Make the Most of Smart Home Market Growth
Wed, 19 May 2021 11:57:11 +0000
Adoption of smart home tech is constantly rising and investors should watch out for Google (GOOGL), Johnson Controls (JCI), Honeywell (HON), Alarm.com (ALRM) and Resideo Technologies (REZI)

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