'Ain’t gonna happen.' That’s the takeaway TheStreet’s Jim Cramer took from his recent interview with United Technologies’ (UTX) CEO Greg Hayes in regards to a possible United Technologies-Honeywell (HON) tie-up. He shot down rumors of this Honeywell merger 'nine ways to Sunday,' added Cramer, the co-manager of the Action Alerts PLUS portfolio. Investors hoping that perhaps this is just a bargaining chip shouldn’t hold their breath. Hayes’ interview was basically a blueprint for antitrust regulators who would look to squash this deal, Cramer explained. 'I think this one is dead unless [Honeywell CEO] Dave Cote comes back with some very strict divestitures,' Cramer said, adding that the interview with Hayes was truly 'breathtaking.' Earlier in the day, Cramer made bullish comments about the potential for United Technologies’ earnings potential in 2017. Shares of Honeywell declined on the rumors that surfaced midday Monday, while shares of United Technologies climbed higher. So far, shares of Honeywell are flat on the year, while United Technology stock is down 5% so far in 2016.
More from Video
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.
Breaking down an approach to the long side of this biotech stock.