Better Buy: General Electric vs. Honeywell
General Electric (NYSE: GE) and Honeywell (NASDAQ: HON) had a disappointing 2021 and underperformed the S&P 500. Then again, the list of companies with heavy exposure to commercial aviation in the midst of a global pandemic that beat the market was pretty short. The resurgence of COVID-19 cases caused flight cancellations in 2021. Moreover, supply chain difficulties led to Honeywell missing out on "hundreds of millions of dollars worth of shipments" in the fourth quarter according to CFO Greg Lewis on the last earnings call. However, if you can look beyond the negative near-term headlines, stocks in the aviation sector look like a good value. So let's look at which of these industrial giants is a better value for 2022.
If you are looking for aviation plays specifically, it might make more sense to look at some purer ways to play the theme. GE and Honeywell both have heavy aerospace exposure, but they also offer investors the benefit of having some diversity in the end markets.
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Source Fool.com
