Market recap: Honeywell shares rise as earnings beat estimates

Earnings bounce: Honeywell shares rose 3.8 percent to $153.13 Friday after the company reported a better-than-expected quarterly profit and raised its 2018 profit forecast for the third time as it benefits from increased demand for aircraft parts and services.

Band-aid: Johnson & Johnson shares rose 3.1 percent to $128.57 Tuesday after it said second-quarter profit grew thanks to better results from its prescription drug business. Sales were also higher than analysts expected. The stock closed Friday at $125.85.

Rolling along: CSX shares rose 6.3 percent to $68.47 Wednesday after the railroad operator said its profit climbed 72 percent in its latest quarter as it kept cutting costs and improving operations. The results were stronger than analysts expected. Shares closed the week at $69.46.

Canned: Aluminum producer Alcoa sank 14.1 percent to $41.21 Thursday after it forecast a smaller pretax profit. It said the tax on imported aluminum is costing it $12 million to $14 million a month. The shares closed Friday at $40.32.

Bank on it: Bank of America rose 3.7 percent to $29.62 Monday after reporting second-quarter profits jumped 33 percent. Like other big banks, it received a big boost from the corporate tax cut that passed at the end of 2017 and from higher interest rates. The stock closed Friday at $30.13.

Highflier: United Continental shares rose 8.7 percent to $78.92 Wednesday after the carrier hiked its profit forecast for 2018, citing an increase in average fares and traffic. Shares closed the week at $80.91.

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