Honeywell's Split-Up Is Very Smart, Jim Cramer Says

TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer said Honeywell's (HON) - Get Report move to create two new stand-along publicly traded companies is a "very smart" move. 

Honeywell will be keeping its aerospace business, despite calls from activist investor Third Point to spin off that unit.

Jim Cramer has a lot more to say. He is sharing his insights exclusively with Action Alerts Plus members. It happens Wednesday at 11:30am ET and it's not too late to sign up. Just head to ActionAlertsPlus.com.

Watch all of Jim Cramer's latest videos, right here:

• Jim Cramer on General Electric: CEO John Flannery Had to Clean House
• Nvidia Chips Are Superior to Everybody Else's, Jim Cramer Says
• Walmart Has Been the Best Acting Retailer, Jim Cramer Says