Jim Cramer Eyes GE and Honeywell as They Report Q1 Results Friday

TheStreet's Jim Cramer is keeping an eye on Honeywell and GE as both companies prepare to release quarterly results before the open Friday. Cramer is expecting an excellent quarter from Honeywell. He says this is a very good story if you believe Europe is coming back. As for General Electric, Cramer points to a story on TheStreet.com that GE is stuck with a $28 billion insurance liability -- following its announcement last week that it plans to sell most of its real estate and financial services assets. Cramer advises investors to let GE come in and then you'll get your second chance to buy. Cramer tells investors: buy Honeywell before the quarter, buy GE after the quarter.