In the "Executive Decision" segment, Cramer spoke with Sandy Cutler, chairman and CEO of Eaton (ETN), a company leading the way in power management solutions. The stock has doubled since Cramer first recommended Eaton on Oct. 22, 2008.
Cutler called power management one of the bankable mega trends for the coming years as the price of energy gets more and more expensive. He said Eaton has terrific leverage in helping its customers use less energy and use it more safely. That's why the company was able to deliver sales growth of 16% and was able to boost its dividend by 16%.
When asked about sales Europe, Cutler said the old metaphor of comparing eastern Europe to western Europe no longer applies. Instead, he said, it's more accurate to compare northern Europe, which is stronger with its ability to export more thanks to a weaker euro, to southern Europe, where the countries are considerably weaker. But no matter how to divide the continent, he said, there is still growth to be found.Cutler said two other bright spots for the company are its datacenter business, where Eaton helps prevent energy waste, and trucking, which will be a strong propellant for growth. While Cutler conceded that this recovery is a lot slower than any other since World War II, he said there are still hot segments out there, and Eaton has found them. Cramer agreed, calling the company's quarterly results "the greatest industrial quarter I've ever seen."