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Jim Cramer Is Watching Honeywell’s Quarterly Results on Friday

TheStreet’s Jim Cramer awaits earnings from Honeywell International which will be released before the markets open on Friday.
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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.

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