Eaton has a long history of dominating its markets, said Cramer, and he sees no reason for that trend not to continue. Shares of Eaton currently trade at just 7.7 times earnings, while historically shares fetch on average 13.1 times earnings. With Eaton's exposure to the fast-growing energy efficiency and aerospace markets, Cramer said that Eaton is most certainly a buy at these levels.
Here's what Cramer had to say about caller's stocks during the "Lightning Round":
Las Vegas Sands (LVS): "I am worried about Chinese slowing, but it is the best of the bunch."Fortinet (FTNT): "I like it longer term, but let's wait and see. I can't recommend it here." Rosetta Stone (RST): "That is way too speculative for me." Isis Pharmaceuticals (ISIS): "I like this kind of stock. It has no economic sensitivity." Gentex (GNTX): "No. I am very worried about them. There are real issues there."
Executive DecisionIn the "Executive Decision" segment, Cramer spoke with Kelcy Warren, chairman and CEO of Energy Transfer Partners (ETP - Get Report), a pipeline master limited partnership with an 8% yield. Cramer currently owns shares of Energy Transfer for his charitable trust,
No Huddle OffenseIn his "No Huddle Offense" segment, Cramer opined on the sudden change in fortunes for Celgene (CELG - Get Report) after the company pulled its European application for Revlimid, its primary cancer-fighting drug. Meanwhile, rival Onyx Pharmaceuticals (ONXX) received approval for a similar drug. Has an old star fallen while a new one is being born, asked Cramer?
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