On July 22, Honeywell rose 3.31% in regular trading, reaching $237.375 per share with turnover of $64.03 million, as multiple positive developments converged ahead of its Q2 earnings release scheduled for July 23.

The rally was supported by several catalysts. RBC Capital Markets highlighted that Honeywell Aerospace's auxiliary power unit portfolio is under-appreciated by investors, noting nearly 20,900 APUs in service across Airbus and Boeing aircraft with an anticipated 5% CAGR through 2030, equating to approximately 5,800 additional APU sales. Additionally, Honeywell secured a major contract to supply avionics and power systems for IndiGo's 810 new Airbus A320neo family aircraft, and Mexico's Aeromexico selected its runway safety technology for over 100 planes. The company also recently completed its $1.79 billion acquisition of Johnson Matthey's Catalyst Technologies business. Market expectations for the upcoming earnings report stand at EPS of $1.80, further fueling investor optimism.

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