Maria Bartiromo's Investor Agenda
MARIA BARTIROMO NEWSLETTERS
MOST SHARED
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- Why Amazon Rules Retail
- Wave of Debt Payments Facing US Government
- HP Comes in As Expected; Is It Time to Buy?
- JAL Slides to Record Low on Bankruptcy Jitters
- Paul: Audit the Fed
- Prepare For Large Decline In Stocks, Next Year?
- Hewlett-Packard Profit Rises, Matches Guidance
- The Social Media Gaming Threat
- Holiday Travel Outlook
- Can Murdoch Help Bing Challenge Google and Shift the Content Equation?
- HP's Mark Hurd
- HP Comes in As Expected; Is It Time to Buy?
- 9 Stocks That Play Rising Water Costs: Strategists
- Weis' Deal Likely Won't Change Big Money Contracts
- Gold Prices Can Double in 3 Years: Portfolio Manager
- Nov. 23: Unusual Volume Leaders
- Help Wanted—Please Run $4 Billion University
- Apple Comes to AT&T's Rescue
- Obama says Boosting US Jobs is Top Priority
- More Consumers Giving 'Black Friday' the Cold Shoulder
- Prepare For Large Decline In Stocks, Next Year?
- Hewlett-Packard Earnings Rise, Match Guidance
- HP Comes in As Expected; Is It Time to Buy?
- Cramer: What Monday’s Housing Number Really Means
- Why the Dollar Will Likely Stay Weak for Some Time
- Bear, Lehman Execs Weren't Wiped Out by Crisis: Study
- How Real Estate Investors Skew Housing's Reality
MARIA BARTIROMO VIDEO
MARIA BARTIROMO'S NEW FREE NEWSLETTER
BUSINESSWEEK
RSS FEED
Text Size 
CNBC Senior Producer
Honeywell [HON
Loading...
()
] celebrates it 80th anniversary listed on the NYSE.
The diversified manufacturing company rang the opening bell at the big board this morning. Dave Cote, Chairman & CEO of Honeywell spoke exclusively to Maria Bartiromo today.
Cote has run Honeywell since 2002. In the past seven years Honeywell has made eight notable deals, including its acquisition $2.53 billion of Novar in December of 2004 and it's sale of Consumables Solution for $1.06 billion in June 2008.
Year-To-Date, Honeywell has enjoyed nice gains, up 13.3%. However, in the past three years, the stock is down 11.7%.
 |
S&P |
The Environment
Cote said the environment is more “hopeful now” versus three to four months ago. He didn’t point out anything specific but it was a general feeling from running one of the largest diversified technology and manufacturing business in the world.
End Market Demand
In terms of end market demand, Cote said it’s still mixed. “Industries like business jets and commercial OEM (Original Equipment Manufacturer) framers are still down in the next year and other things, while other things like our turbo business coming back pretty strongly,” said Cote.
The X-factor: How fast will the inventory be used up? At some point the companies will work through all the inventories and need to replenish these products. Cote expects to see more by 2010. It’s “tough to tell by industry when it'll happen. Not so much inventory replenishment as they've run down the inventory and need to meet that end market demand and can't do it by inventory anymore,” said Cote. 
Growth Mode?
GDP report where we saw 3.5% growth in the last quarter. Are we back in growth mode? Cote said, “The fact that it's positive, will stick. Will see positive numbers from here on out. We’ll see arguments about how much was stimulus and cash for clunkers and all those kinds of things but I think in the end, the trend is becoming more positive. This is the “sort of thing that will cause people will become more hopeful and start changing the attitude.”
_____________________________
_____________________________
Questions? Comments? Write to
Data is a real-time snapshot *Data is delayed at least 15 minutes