Was Jim Cramer Right About These 10 Stocks?

9. Eaton Corporation plc (NYSE:ETN)

Number of Hedge Fund Holders: 88

During that older episode, a caller asked Cramer about Eaton Corporation plc (NYSE:ETN) and whether it was too late to increase his position as the time. Cramer did not hide how much he likes the stock and encouraged his viewer to buy, although cautiously, saying:

“Eaton is a great stock. It trades erratically, so that means that there are these moments where it goes down like four or five and you get to buy it. You have to put in an order for if it drops four or five — you can buy some for that day. Don’t put it good-til-canceled, just that day. And then if it falls even more than that, you can buy some more. But you got to wait — ’cause it’s a crazy trader. So we got to wait for it to decline.”

This wasn’t a great call, as the stock ended up barely moving since then, gaining just 0.68%

Eaton Corporation plc (NYSE:ETN) is a diversified industrial company that provides energy-efficient electrical, hydraulic, and mechanical power management solutions for a wide range of industries. On the 2^nd of May, Cramer gave his latest thoughts on the stock, saying:

“Now Eaton is a charitable trust name and I told Jeff Marks today, I’m losing my patience. Now the stock was up seven yesterday but Eaton was a good quarter. They have a lot of business that are in big mega cycles. But they do have a EV business that was down. I say, enough already. These, some of these are too hard to own.

“[on full year organic sales raise] I know and I was [inaudible]. . . .one of the reasons I’m sick of it is because I did buy it as a data center play. And, if you want a data center play, stick to Vertiv or get out. And I’m trying to understand all the megacycles. I hope Craig Arnold, I hope he tells a good game. I know he’s, he’s retiring. But Eaton really hurts. And I just think Eaton is better than this stock. The company is better than the stock. There. There.”