Wall Street is bracing for a big round of second-quarter earnings reports that few expect to deliver good news for the state of corporate America.

Honeywell says it will sell a unit that makes aerospace fasteners and provides logistical services to B/E Aerospace for $1.05 billion, including at least $800 million in cash and the rest in B/E common stock.

Diversified manufacturer Honeywell International, the world's leading maker of cockpit electronics, Monday reaffirmed its sales and profit forecasts for the year, and said US economic weakness so far has had minimal impact on its businesses.

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Markets aren't stagnant today, and your portfolio shouldn't be either. To give investors an edge, CNBC asked the market experts for their best stock picks now.

Where do you put your money now? CNBC asked the experts what stocks they would pick

To give investors an edge, CNBC asked the market experts for their best trades going into the weekend. 

Investors will have seen enough corporate results by the end of the week to determine if the recent string of encouraging earnings was a real sign stocks can weather the credit crisis.

Stocks rallied Friday amid hope that the worst is over for financials and after solid earnings from multinationals.

Stocks soared Friday amid renewed hope that the worst is over for financials and solid earnings from the industrial and tech sectors.

U.S. stocks opened sharply higher Friday as a string of powerful earnings reports showed blue-chip corporate strength that belied fears of a crumbling economy.

Diversified U.S. manufacturer Honeywell International said on Friday profit rose 22.2 percent, topping Wall Street's expectations, on strong demand from the aviation and commercial construction sectors.

U.S. stocks opened sharply higher Friday as a string of powerful earnings reports showed blue-chip corporate strength that belied fears of a crumbling economy.