On CNBC's "Halftime Report Final Trades," Kevin Simpson of Capital Wealth Planning said Honeywell International Inc. (NASDAQ:HON) bought back 10% of their float over the last five years.
Honeywell will release its second-quarter financial results, before the opening bell on Thursday, July 25. Analysts expect the Charlotte, North Carolina-based company to report quarterly earnings at $2.41 per share, up from $2.23 per share in the year-ago period. Honeywell is seen posting revenue of $9.41 billion, compared to $9.17 billion a year earlier, according to data from Benzinga Pro.
Don't forget to check out our premarket coverage here
Joshua Brown of Ritholtz Wealth Management said Corning Incorporated (NYSE:GLW) had a big rally and has been consolidating. "I think waiting for the next leg up," he noted.
On July 8, Corning increased its second-quarter core sales guidance. The company now projects core sales to be approximately $3.6 billion (vs. consensus of $3.41 billion), an increase from the previous guidance of $3.4 billion. Core EPS is expected to reach the high end of, or slightly exceed, the management's guided range of $0.42 to $0.46 (vs. estimate of $0.45).
Jenny Van Leeuwen Harrington of Gilman Hill Asset Management said Kinder Morgan, Inc. (NYSE:KMI) has a 5.3% yield. Earnings were "perfectly great," she added.
On July 17, Kinder Morgan reported second-quarter FY24 revenue of $3.57 billion, missing the consensus of $4.12 billion.
Stephanie Link of Hightower said Truist Financial Corporation (NYSE:TFC) topped earnings and revenue estimates.
On July 22, Truist Financial posted better-than-expected quarterly earnings. The company reported quarterly earnings of 91 cents per share which beat the analyst consensus estimate of 82 cents per share. The company reported quarterly sales of $5.018 billion which beat the analyst consensus estimate of $4.805 billion.
Price Action:
- Corning shares fell 0.6% to close at $44.06 on Tuesday.
- Honeywell shares gained 0.2% to settle at $217.38 during Tuesday's session.
- Kinder Morgan shares fell 1.1% to close at $21.62 on Tuesday.
- Truist Financial shares gained 0.9% to settle at $44.15 on Tuesday.
- US Stocks End Lower As Investor Optimism Decreases Ahead Of Big Tech Earnings