Jim Cramer says Honeywell's (HON) outgoing CEO Dave Cote has "done a remarkable job," but he's not a fan of owning shares in companies where he doesn't know who the new CEO will be. Cramer says, "I'm not familiar with the work of the new CEO and this often makes me pause about liking a stock."
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How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
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.