Jim Cramer Says Buy These 5 Industrial Stocks Before Rate Cuts — And 5 Other Stocks He’s Talking About

2. Eaton Corporation PLC (NYSE:ETN)

Number of Hedge Fund Investors: 93

Cramer highlighted in a latest program yet again that Eaton Corporation PLC (NYSE:ETN) is a part of his charitable trust’s portfolio. He said the company makes electrical power management systems as well as components for autos and aerospace.

“These guys benefit as the government makes major investments in the electric grid which you know cannot handle all the power that needs to be produced right now. You also need their equipment to move manufacturing back to the US, that’s a megatrend, and of course their power management systems are essential for, yes, the data center.”

Cramer said that stock was off to a good start this year but has “stalled big time” because of worries about a slowing economy. Cramer said this stock has been down a “huge amount” from its highs and it’s a good opportunity for investors to buy it.

Ave Maria World Equity Fund stated the following regarding Eaton Corporation plc (NYSE:ETN)  in its first quarter 2024 investor letter:

“Eaton Corporation plc (NYSE:ETN) is an intelligent power management company. The company is a long-term beneficiary in the trend towards electrification, energy transition and digitalization. Eaton is also benefiting from unprecedented global stimuli such as the Inflation Reduction Act, Infrastructure Investment and Jobs Act, the Chips and Science Act and the EU recovery plan known as the NextGenerationEU.”