Why is Honeywell (HON) down?

Question

They beat earning expectation, also raise guidance, stock was traded 4% higher premarket and now it's in the red.

Can someone explain why? What kind of BS market is this?

Answer 1

Are you new to investing? With an impressive avatar like yours how could you be? Will you take a similar stance with Apple if they beat earnings and the stock drops? I blame the current market conditions on the lemming mentality of insecure investors, those people who shouldn't be in it at all. Then again, if those investors suddenly disappeared, there would be fewer chances to add to positions. There's an old Scottish saying, "Trees don't grow to the sky". There is another that says, "Much like fate, the market is a fickle b*tch".

Answer 2

Unfortunately the market doesn't follow logic, more on emotion.   HON is a good company, when it drops I look at it as a buying opportunity.