Honeywell International (HON) Surges 8.9%: Is This an Indication of Further Gains?

Honeywell International Inc. HON shares soared 8.9% in the last trading session to close at $199.10. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 12.3% loss over the past four weeks.Honeywell’s rally is buoyed by optimism regarding the Trump administration’s announcement of a temporary halt on reciprocal tariffs for dozens of countries. The market is also upbeat about the company’s recent corporate update. Honeywell appointed Su Ping Lu to be the new Senior Vice President, General Counsel and Corporate Secretary, effective May 5, 2025.This company is expected to post quarterly earnings of $2.21 per share in its upcoming report, which represents a year-over-year change of -1.8%. Revenues are expected to be $9.58 billion, up 5.2% from the year-ago quarter.While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.For Honeywell International, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on HON going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Honeywell International is part of the Zacks Diversified Operations industry. Griffon (GFF), another stock in the same industry, closed the last trading session 10% higher at $72.17. GFF has returned -5% in the past month.For Griffon, the consensus EPS estimate for the upcoming report has changed -0.1% over the past month to $1.13. This represents a change of -16.3% from what the company reported a year ago. Griffon currently has a Zacks Rank of #1 (Strong Buy).7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Honeywell International Inc. (HON): Free Stock Analysis Report Griffon Corporation (GFF): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks