Honeywell, Kinder Morgan, Truist Financial And A Tech Stock: CNBC's 'Final Trades'

On CNBC's “Halftime Report Final Trades,” Kevin Simpson of Capital Wealth Planning said Honeywell International Inc. 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.

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Joshua Brown of Ritholtz Wealth Management said Corning Incorporated 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. 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 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.

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