3 "Top Picks" From Wall Street That Are Magnificent Buys Right Now
UBS analyst Amit Mehrotra recently added Honeywell International (NASDAQ: HON) to his list of "top picks," which also includes industrials Johnson Controls (NYSE: JCI) and 3M (NYSE: MMM). All three have substantive potential to outperform, and these are the stocks investors should be looking at now.Simply put, Honeywell has the potential to outperform over the near and long term. The company has already reported on its first quarter, and management raised the midpoint of its full-year guidance based on an excellent set of results. Moreover, the guidance incorporates assumptions for the current level of tariffs.Of particular note is that its aerospace business benefits from the ongoing ramp-up in aircraft production, growth in flight departures, and building automation. Discussing the latter on the earnings call, CFO Mike Stepniak said, "second consecutive quarter of above double-digit growth in Building Solutions and mid-single-digit growth in Building Products." I'll come back to this point when discussing Johnson Controls. Continue reading
UBS analyst Amit Mehrotra recently added Honeywell International (NASDAQ: HON) to his list of "top picks," which also includes industrials Johnson Controls (NYSE: JCI) and 3M (NYSE: MMM). All three have substantive potential to outperform, and these are the stocks investors should be looking at now.
Simply put, Honeywell has the potential to outperform over the near and long term. The company has already reported on its first quarter, and management raised the midpoint of its full-year guidance based on an excellent set of results. Moreover, the guidance incorporates assumptions for the current level of tariffs.
Of particular note is that its aerospace business benefits from the ongoing ramp-up in aircraft production, growth in flight departures, and building automation. Discussing the latter on the earnings call, CFO Mike Stepniak said, "second consecutive quarter of above double-digit growth in Building Solutions and mid-single-digit growth in Building Products." I'll come back to this point when discussing Johnson Controls.
