Investing Club: Core holding Honeywell is a recession-resilient industrial for 2023, Bank of America says
Club holding Honeywell is a diversified industrial giant that's well-positioned to weather a potential recession in the U.S. next year, according to Bank of America. And we largely concur, given Honeywell's strong backlog across a range of products and its exposure to the resurgent aerospace industry. Investors are increasingly turning their attention to the possibility of a recession next year, aided in part by the Federal Reserve's high interest rates meant to combat inflation.
is a diversified industrial giant that's well-positioned to weather a potential recession in the U.S. next year, according to Bank of America. And we largely concur, given Honeywell's strong backlog across a range of products and its exposure to the resurgent aerospace industry.
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