Bullish Case: Recent Zacks #2 (Buy) rating upgrade and positive earnings forecast suggest improved business fundamentals and potential for price appreciation.


Bearish Case: Elevated price-to-book ratio and historical mean-reverting price action imply risk of a pullback if market sentiment shifts.


Potential Outcomes:

1. Continued bullish sentiment sustains price (60% chance).

2. Market reassessment triggers mean reversion, price pullback (40% chance).


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February 21, 2024


Honeywell International Forecast

[HON]  Honeywell International
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)



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HON Balanced News:
















Correlated Stock Forecasts

Assets that tend to move strongly with HON



AXTA Forecast + Options Trading Strategies   [AXTA]  Axalta Coating Systems (0.88)


XYL Forecast + Options Trading Strategies   [XYL]  Xylem (0.85)


RRR Forecast + Options Trading Strategies   [RRR]  Red Rock Resorts (0.84)


EFX Forecast + Options Trading Strategies   [EFX]  Equifax (0.82)


XLRE Forecast + Options Trading Strategies   [XLRE]  Real Estate Select Sector SPDR (0.8)



Uncorrelated Stock Forecasts

Assets with little price relationship to HON



STAA Forecast + Options Trading Strategies   [STAA]  Staar Surgical (0.0)


ON Forecast + Options Trading Strategies   [ON]  ON Semiconductor (0.0)


DQ Forecast + Options Trading Strategies   [DQ]  Daqo New Energy (0.0)


CBOE Forecast + Options Trading Strategies   [CBOE]  Cboe Global Markets (-0.0)


PDD Forecast + Options Trading Strategies   [PDD]  Pinduoduo (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against HON



TUR Forecast + Options Trading Strategies   [TUR]  BlackRock Institutional Trust Company N.A. - iShares MSCI Turkey (-0.61)


TZA Forecast + Options Trading Strategies   [TZA]  Direxion Daily Small Cap Bear 3X Shares (-0.62)


DRV Forecast + Options Trading Strategies   [DRV]  Direxion Daily Real Estate Bear 3X Shares (-0.78)


SRS Forecast + Options Trading Strategies   [SRS]  ProShares UltraShort Real Estate (-0.79)


REK Forecast + Options Trading Strategies   [REK]  ProShares Short Real Estate (-0.81)


HON News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.

Most Recent HON News






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