Jim Cramer Got These 10 Stocks All Wrong

6. Eaton Corporation plc (NYSE:ETN)

Number of Hedge Fund Holders: 88

Eaton Corporation plc (NYSE:ETN) is a power management company deeply embedded in industrial electrification and data center infrastructure. Cramer had called it one of his Charitable Trust’s top picks last year, citing its role in reshoring and U.S. industrial revival at the time.

“As for Eaton, it’s my Charitable Trust favorite industrial because it’s involved in the reindustrialization reshoring of so many industries and it dominates the non-tech part of the data centers.”

However, the stock has slipped 18.7% since then, as industrial demand slowed and capital expenditure plans were dialled back across key sectors.

During a show that aired on the 4^th of March, Jim Cramer expressed his disbelief at the company’s disappointing performance, saying:

“It’s unbelievable… It is unbelievable. That quarter was not that bad. I can’t believe what’s happened to the stock. I was talking with Jeff Marks today. We think it should be bought and bought right now.”