3 Top Stocks to Buy if There Is a Market Pullback
With the market looking increasingly expensive, it's time to create watch lists of stocks to pick up if the market dips in 2022. In that vein, I think Honeywell International (NYSE: HON), United Parcel Service (NYSE: UPS), and Johnson Controls (NYSE: JCI) are well worth keeping an eye on. They are all excellently run businesses with strong long-term growth prospects.
Despite raising full-year sales, earnings, and free cash flow guidance from the start of the year to the third-quarter earnings release at the end of October, Honeywell stock lost 2% in 2021. The reason for the decline comes down to two things. First, the deteriorating full-year outlook in the key aerospace segment is leading investors to believe the company's overall growth prospects are weakening going into 2022.
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Source Fool.com
