An aircraft engine is being tested at Honeywell Aerospace in Phoenix.

Alwyn Scott | Reuters

My top 10 things to watch Monday, Dec. 16

1. Club name Honeywell said it is weighing a separation of its aerospace business split, exactly what activist investor Elliott wants. Would be huge for us. Another update on Honeywell’s strategic review will come alongside its fourth-quarter earnings release. Shares rose more than 3% Monday.

2. Is the market hostage to absurd growth plays like Palantir, Applovin and even bitcoin? In my Sunday column for Club subscribers, I explored this idea. Think about the new additions to the Nasdaq 100. It’s not just Palantir and corporate bitcoin holder MicroStrategy. A third one, Axon Enterprise, trades north of 100 times forward earnings. We’ll discuss this more during our December Monthly Meeting for Club members on Thursday at noon ET.

3. President-elect Donald Trump’s tariffs pledges are increasingly the only thing that business people will talk about, especially the potential for higher levies on goods coming into the U.S. from Mexico. That has been a particularly potent overhang on shares of Club holding Constellation Brands, which makes Corona and Modelo beer.



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