Diamonds and Dogs

12/16/24

 

Honeywell (HON) jumps as the company looks to unlock value. The industrial conglomerate is higher by 4% not far from a 52-week high on pressure from activists like Elliot Management to spin off their aerospace unit similar to GE Aerospace to unlock value.

Steel Dynamic (STLD) not so dynamic. The steel stock is down a percent after lowering guidance for the quarter due to weak pricing and seasonally lower shipments and unplanned outage at one of their divisions. UBS downgraded the sector last week.

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