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Honeywell Stock Is at the Bottom Of the Dow After Split News

The article from Kiplinger discusses Honeywell International Inc. (HON) and its performance following its earnings report. Despite beating earnings expectations, Honeywell's stock experienced a significant drop, making it the worst performer in the Dow Jones Industrial Average on the day of the report. The company reported a 6% year-over-year revenue increase to $9.19 billion, but this was overshadowed by concerns over future growth, particularly in its aerospace segment which saw a 14% sales increase. However, the market reacted negatively due to a lower-than-expected full-year sales guidance, which was set at $36.5 billion to $37.3 billion, below the consensus estimate of $37.9 billion. This guidance reflected ongoing supply chain issues and a cautious outlook on the global economic environment, leading investors to sell off shares. The article also mentions that Honeywell's CEO, Darius Adamczyk, highlighted the company's resilience and strategic positioning for future growth, but this was not enough to prevent the stock's decline.

Read the Full Kiplinger Article at:
[ https://www.kiplinger.com/investing/stocks/honeywell-hon-worst-dowstock-split-earnings ]