Skip navigation
MOST POPULAR RELATED TAGS
  • TOPICS
  • SECTORS
  • COMPANIES

MAD MONEY FEATURES

Podcasts PODCASTS
Watch the Lightning Round whenever and wherever you want.




Widget OFFICIAL MAD MONEY WIDGET
Grab this all-in-one application and get recaps of the show sent right to your desktop or blog.




Soundboard CRAMERS SOUNDBOARD
Admit it: You've always wanted to hit the "They
know nothing!" button. Here’s your chance.




Mad Money PhotosCHECK OUT OUR PHOTOS
Check out Cramer on set, back to school, behind the scenes and more.




ShopSHOP FOR MAD MERCHANDISE
Buy Cramer books, bobbleheads and other Mad Money merchandise.




Ringtones RING TONES
Pick up the phone! It's Cramer! New Mad Money sounds for your cell phone.




Mobile AlertTEXT MESSAGE ALERT
Mad Money's mobile. Get show highlights sent to your phone.







Text Size
Jul.15
6:48 PM ET
Tuesday, 15 Jul 2008
Eaton CEO: Market is Overreacting

Remember Eaton [ETN  Loading...      ()   ], the maker of fuel-efficient transmissions, hybrid engines and power systems that Cramer got behind as his original new-tech play back in the spring? Well, the stock took an absolute beating on Tuesday after the company lowered its full-year guidance and growth expectations. Should you be worried?

Eaton CEO Sandy Cutler told Cramer on Tuesday’s show that Tuesday’s stock drop was an overreaction by a jumpy market, and in fact the company is still projecting it will grow earnings next year.

We’re in a slowing economy, Cutlet said. There’s no two ways about it. Because of that, Eaton had to refine its outlook, but the company is still seeing “extraordinary performance” considering the turmoil in the credit and housing markets.

On Europe, where Eaton recently completed three acquisitions, Cutler acknowledged that the economy could be slowing, although the continent is still likely to see positive growth.

The bottom line is that this is a trading-driven market right now, Cutler said. It’s volatile and it’s nervous, and because of that, a relatively minor guidance cut can send an otherwise healthy stock down 7% in a session.

Cramer couldn’t agree more. He said he’d be a buyer of Eaton on days like this. “This is a great American company that’s here to stay,” he said.


Questions for Cramer?

Questions, comments, suggestions for the Mad Money website?

© 2009 CNBC, Inc. All Rights Reserved

Tools:
PrintEmailAdd This share icon
Next Post
  • digg share
ADD COMMENTS
Remaining characters


Current DateTime: 01:43:38 16 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 01:37:49 16 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 01:37:49 16 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 01:37:49 16 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters