We recently published 10 Latest Stocks Jim Cramer Discussed In An Episode Examining Turnarounds. Eaton Corporation plc (NYSE:ETN) is one of the stocks Jim Cramer recently discussed.
Eaton Corporation plc (NYSE:ETN) is a power management products provider with exposure to the data center industry. Cramer has sporadically discussed the firm this year, and he disclosed in early September that his charitable trust owns the shares. He believes that the data center boom in the US is the biggest construction boom in America since the Second World War. For Eaton Corporation plc (NYSE:ETN), this means that the firm is benefiting from large orders. European data center builders ABB and Legrand are also important for the firm, believes the CNBC TV host. This time, he discussed Eaton Corporation plc (NYSE:ETN) in the context of President Trump’s announcement that firms will release earnings just twice a year. Cramer remarked on how a quarterly cycle affects the firm:
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“I mean look, Eaton today, upgraded by Melius, okay. Now Eaton does electrical transformation. They have, they’re building a new plant. They have to make more capacity. The plant doesn’t come on time. Next thing you know, everyone downgrades Eaton.”
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Disclosure: None. This article is originally published at Insider Monkey.