Jim Cramer Is Watching Honeywell’s Quarterly Results on Friday

TheStreet’s Action Alerts PLUS Portfolio Manager Jim Cramer awaits earnings from Honeywell International (HON), released before the markets open on Friday. Analysts expect the Morris Plains, NJ-based conglomerate, which makes navigational systems for aircraft, to report net income of $1.58 a share on sales of almost $10 billion. During the same quarter a year ago, the company posted profits of $1.43 a share with revenue of almost $10.3 billion. Cramer wonders if Honeywell is United Technologies (UTX) or Boeing (BA). ‘I put it like that because we had a kind of downbeat cash flow number from Boeing on Wednesday and it took a lot of people away because the aerospace cycle has not peaked,’ Cramer said. ‘But then United Technologies, which is agnostic – they are in Airbus too – made you think that maybe this is a share game and that Airbus is getting far more orders because they are priced in euros.’ Lockheed Martin is a holding of his charitable trust, Action Alerts PLUS.