Honeywell Shares Rally on Quantinuum Listing; Cramer Urges Wait for Pullback
Jim Cramer says Honeywell’s shares have surged on its planned Quantinuum listing and recommends waiting for a further pullback to secure a better price. He plans to hold through Honeywell’s multi-part split into aerospace, automation and quantum units, noting the stock’s recent short-term peak.
1. Jim Cramer's Recommendation
Jim Cramer notes that Honeywell’s stock has experienced a strong run driven by the upcoming Quantinuum spin-off, and he advises investors to allow for an additional pullback before initiating new positions while maintaining his own through the split.
2. Quantinuum Spin-Off Details
Honeywell plans to list shares of its quantum computing unit, Quantinuum, retaining majority ownership. This anticipated public offering has fueled recent gains as traders bet on the unit’s growth potential.
3. Multi-Part Split Structure
The company will separate into three segments—aircraft systems, industrial automation and control, and quantum technologies—giving investors targeted exposure but risking fragmented demand across each business.
4. Anticipated Stock Volatility
Cramer warns that Honeywell shares often decline after earnings releases and expects that skepticism over individual segments could trigger short-term volatility before and after the split is completed.