On July 24, Honeywell Aerospace Inc rose 3.02% in regular trading, trading at $201.795/share, with turnover of $125 million. The stock rebounded after falling 4.71% in the prior session and accumulating over 10% losses in the past week following a post-Farnborough Airshow sell-the-news pattern.
On the news front, parent company Honeywell Technology reported its Q2 earnings, revealing new orders surging 16% year-over-year with a backlog reaching approximately $20 billion, signaling robust downstream demand. This indirectly validates the growth outlook for the aerospace business following its spin-off as an independent public company. Honeywell Aerospace is scheduled to release its first standalone quarterly earnings on August 5, with market consensus EPS expected at $2.07.
Within the Aerospace & Defense sector, among individual stocks, Rocket Lab USA down 5.86%, Lockheed Martin up 1.77%, GE Aerospace up 2.26%, RTX Corp up 1.92%, Boeing up 1.21%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
Comments