Not only is the S&P 500 up almost 8% in 2023, but the Nasdaq 100 has gained nearly twice as much, jumping 15% in the first five weeks of the new year. While much of the growth for the tech-heavy index this year is being helped along by the performance of electric car stocks -- Lucid is up 70%, while Tesla is 54% higher -- the segment could face a rocky future with China dropping subsidies for all-electric cars. The following two tech stocks are your best bets to buy in February.
Honeywell's (HON) Q4 results benefit from strength in the Aerospace segment, owing to strong commercial aftermarket demand.
Thank you for standing by, and welcome to the Honeywell fourth quarter 2022 earnings conference call. On the call with me today are chairman and CEO, Darius Adamczyk; senior vice president and chief financial officer, Greg Lewis; president and chief operating officer, Vimal Kapur; and senior vice president, general counsel, Anne Madden. Honeywell also uses our website as a means of disclosing information, which may be of interest or material to our investors and for complying with disclosure obligations under Regulation FD.