Can Eaton's Run Continue?
"Some stocks just don't know the meaning of the word quit," Cramer said Thursday.
Example? Eaton , an industrial manufacturer of fluid power systems, electrical control products, powertrain systems for trucks, fuel and emissions-reducing components for cars, as well as aerospace components—"current and futuristic devices," all of them, Cramer said. This isn't one of those stodgy, old smokestack companies of yesteryear.
He first blessed the stock back on Oct. 22, 2008, when it traded at $39, for its dividend yield, which at the time was 5.1 percent. Barely a year later, when CEO Sandy Cutler appeared on "Mad Money" on Nov. 30, 2009, ETN had soared 61 percent to almost $63. Cutler told viewers there was still more room to run, and he was right: After reporting a great quarter on Wednesday, Eaton hit yet another 52-week high today of $88.46, bringing its total two-year run to 143 percent, including dividends.
So, do you hold 'em or fold 'em when it comes to this stock? Cramer thought another chat with Cutler might help answer that question. Watch the video for the full interview.
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