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NEW YORK ( TheStreet) -- Nobody wants to hear about opportunities on big down days in the markets, Jim Cramer told "Mad Money" viewers Monday.
That's because for most investors, down days are a time to wallow in the European morass and focus on losses. But for smart investors, down days are nothing more than the markets putting great companies on sale.
Executive DecisionIn the "Executive Decision" segment, Cramer spoke with Sandy Cutler, chairman and CEO of Eaton (ETN - Get Report), a company that delivered an earnings beat of six cents a share but also cut its full-year guidance amid a slowing global economy. Despite the weakness, shares of Eaton soared 9% in Monday's trading and are up 9% since Cramer reiterated his buy on the stock a month ago. Cutler said that despite some global weakness, Eaton still saw a strong quarter with higher margins thanks to its new, innovative products. Here in the U.S., he noted, non-residential construction was up 4% and looks to be beginning a multiple-year run to the upside. Aerospace is also bother area of strength for Eaton.
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