The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sector this year, spiked on Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
J.P. Morgan's chief quant says oil prices would start to hurt stock prices when they hit the $80 to $85 range.Market Insiderread more
Walmart said Monday it's relaunching the once-beloved trendy New York fashion brand, Scoop NYC, on its website nationwide and in select stores.Retailread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
The subpoeana from Manhattan District Attorney's Cyrus Vance Jr.'s , for President Donald Trump's tax returns, was issued last month to Trump's accounting firm, Mazars.Politicsread more
If you think this diversified manufacturer just put up a bad report, Cramer says think again.
Of course, Cramer understands your skepticism.
In its most recent release, Eaton said it expects an adjusted full-year profit of between $4.05 and $4.15 per share, down from its previous forecast of $4.05-$4.25 per share.
Analysts had expected $4.18 per share.
, citing weakness in the heavy-duty truck and hydraulic systems markets.
In addition, the company, whose products range from truck transmissions to aircraft fuel systems, said it expects its markets to be flat in 2013, compared with its previous estimate of a 1 percent growth.
All told, developments would seem rather bearish for Eaton – or at least Eaton shareholders.
However, Cramer sees results a little differently.
"Look underneath the headlines and you'll see that the quarter was actually far better than what most people expected," Cramer noted. "For example the company posted 3% organic growth and a 7% increase in bookings."
"Plus, on the conference call management raised its end market forecast from flat this year to up 3 to 4 percent in 2014," he said.
It's those kinds of results that Cramer believes will matter going forward.
Also, Cramer thinks a recent acquisition is about to pay off in spades.
Read More from Mad Money with Jim Cramer
Rejoice! DuPont just unlocked shareholder value
Something has gone awry in market: Cramer
2 tailor made retailers for growth investors
"About a year ago Eaton acquired Cooper Industries for $13 billion, and now that deal is really starting to generate synergies," Cramer said.
It's catalysts such as these, that lead Cramer to conclude that the path of least resistance remains higher.
The stock has gained 30% ytd, Cramer said. Yet, the global economy is showing signs of incremental improvement and that should bode well for Eaton.
*Disclosure: On Friday October 25, 2013 Cramer owned shares of Eaton on behalf of his charitable trust.
Call Cramer: 1-800-743-CNBC
Questions for Cramer? firstname.lastname@example.org
Questions, comments, suggestions for the "Mad Money" website? email@example.com