Jim Cramer praises power management firm Eaton for an amazing quarter and Wall Street agrees
Publishing timestamp: 2023-11-01 10:34:17
Summary
Eaton had a strong quarter in the industrials sector, beating analysts' estimates for profits. The company is adapting well to the industry's transition to renewable energy and plans to invest over $1 billion to support this growth. Shares of Eaton were up over 3% on Wednesday. Jim Cramer also highlighted the positive outlook for peer company Caterpillar (CAT) due to increased government infrastructure spending.
Sentiment: POSITIVE
Keywords: caterpillar inc, eaton corporation plc, breaking news: markets, stock takes, investingclubsample, business news, investment strategy, jim cramer, markets,