Cramer said he would take an old-fashioned, metal-bending, electrical powerhouse over a social media play any day, depending on the price. Shares of Eaton have been hammered mercilessly as the company remains hostage to Europe and the business cycle, Cramer said. Facebook, on the other hand, is still trading between 15 and 16 times earnings, even after Monday's declines. That puts it ahead of companies such as Apple and Google (GOOG), but short of the valuation given Amazon.com (AMZN).
Cramer said value investors will be salivating over the value being created at Eaton, which is why that company is the better play for right now.
--Written by Scott Rutt in Washington, D.C.
To contact the writer of this article, click here: Scott Rutt.Follow TheStreet on Twitter and become a fan on Facebook. To submit a news tip, send an email to: firstname.lastname@example.org. To watch replays of Cramer's video segments, visit the Mad Money page on CNBC. Click here to sign up for Jim's Daily Booyah to get the Mad Money recap delivered to your inbox.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV