economy

January 14, 2026

We're booking profits in a stock looking to cash in on a hot-yet-unprofitable investing craze

We're peeling off some shares, which were bucking Wednesday's broader market decline.

We're booking profits in a stock looking to cash in on a hot-yet-unprofitable investing craze

TL;DR

  • Jim Cramer's Charitable Trust is selling 40 shares of Honeywell at approximately $213 per share.
  • The trust's ownership of Honeywell will decrease to 410 shares, representing 2.25% of the portfolio.
  • Honeywell plans to pursue an IPO for its quantum computing company, Quantinuum.
  • This move is seen as a positive incremental step, allowing Honeywell to potentially monetize an asset and simplify its business.
  • Honeywell stock has performed well recently, gaining about 9% at the start of the year.
  • The trust is downgrading Honeywell to a 'hold-equivalent 2 rating'.
  • The sale is expected to realize a 20% gain on shares purchased in September 2022.
  • The sale will increase the portfolio's cash position to about 9%.
  • The trust previously exited its position in Solstice Advanced Materials, a Honeywell spinoff.

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