Quickly, Get Some Honeywell Stock While Nasdaq Still Shows Volatility!
Earlier this week, it was reported that the Nasdaq Composite Index was dealing with volatility rates. Not any sort of volatility rates, but those that can eventually become a risk.
To protect your interests, it’s recommended for you to find some sturdy stocks that can go through this event unaffected, preferably with some decent prospects for growth.
Don’t know where to start looking? Don’t worry. We’ve got you covered. Honeywell International (NYSE:HON) is the stock you’re looking for.
Honeywell Is Set for a Strong 2022
Honeywell International finds its leading business venture in the aerospace market. However, this same venture took a big hit due to COVID-19 restrictions and has yet to fully recover. But then again, it is not the only thing Honeywell has to show for it.
This is an American company focusing on four different areas of business: aerospace, building technologies, performance materials, and safety solutions. And when one of them fails, the others are right there to lend a helping hand.
In short, being that these ventures serve many functions of the industrial sector, it stands to reason that there’s a demand for such services. A significant demand, mind you. Because of it, Honeywell stands as the third-most valuable industrial stock in the U.S.
As of today, management expects their final report of 2021 to show the following milestones:
- Full-year sales of $34.4 billion.
- An earnings-per-share ratio of $8.05.
- Free cash flow rates of $5.45 billion.
Compared to some of its competitors, these numbers can be seen as weak. But it would be best if you didn’t forget about the struggles Honeywell is currently facing. In the grander scale of things, these numbers are desirable, and they show proper handling of the situation and excellent prospects for full-scale recovery.
In other words, these numbers alone give us faith for a strong 2022. Best case scenario, Honeywell might find itself in the best shape it’s ever been.