Diamonds and Dogs
Honeywell (HON) is coming up sweet. The Industrial giant is up a percent today and up 32% year to date thanks to better than expected guidance for 2018. The company guidance earnings to the high end of the range and raises sales guidance for next year. For next year, Honeywell sees new investments, products and restructuring efforts driving growth. Honeywell said in October it would spin off its homes and global distribution and transportation systems businesses. Honeywell is targeting free cash flow of more than 20 percent and would buy back nearly $1.5 billion of its shares.
Riot Blockchain (RIOT) taking a hit today. The biotech company, now cryptocurrency investor is down 10% today, but up big since September. Back in the summer, the company decided to change its name and stock symbol to align its strategic shift to focus on blockchain technologies. The company has no profits or sales in blockchain or crypto currencies, but that has not stopped investors from lifting the stock from $5 to its current $24 or nearly fivefold gains in three months.
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