With the Nasdaq Composite (NASDAQINDEX: ^IXIC) falling into correction territory, I think blue-chip industrial conglomerate Honeywell International (NASDAQ: HON) and advanced materials company Hexcel (NYSE: HXL) are terrific stocks to buy now. Having already announced plans to spin off one segment, Honeywell management went a step further last month and said the company would split into three separate businesses, all of which will be publicly traded. There's a case for all of them to outperform in the future as individual companies -- not based on a sum-of-the-parts evaluation, but because some of Honeywell's peers have already set a profitable example.