What's Sending Honeywell Higher?
Forget the midterm elections. Forget, too, the possibility of quantitative easing. No matter what, said Cramer Tuesday, some American manufacturers will continue to have attractive stocks.
Take Honeywell International , for example, a diversified industrial that makes everything from aerospace components to automation and climate control equipment to specialty materials and auto parts. The company reported better-than-expected quarterly earnings last month, having earned 64 cents per share for a 2-cent beat thanks to strength in its transportation, automation and control systems and specialty-materials divisions.
Honeywell's success is also thanks to CEO Dave Cote, said Cramer, who has done an "amazing job" of turning things around. A member of President Obama's deficit commission, Cote is also tasked with trying to get the country's long-term fiscal house in order. Cramer invited Cote to appear on "Mad Money" to talk about his success with Honeywell and thoughts on what needs to happen in Washington. Watch the video to see the full interview.
When this story was published, Cramer's charitable trust owned Honeywell.
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