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Eaton Corporation PLC (ETN): Today's Featured Electronics Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Eaton Corporation ( ETN) pushed the Electronics industry higher today making it today's featured electronics winner. The industry as a whole closed the day up 1.7%. By the end of trading, Eaton Corporation rose $1.41 (1.9%) to $74.79 on light volume. Throughout the day, 2,325,610 shares of Eaton Corporation exchanged hands as compared to its average daily volume of 3,334,500 shares. The stock ranged in a price between $73.38-$74.84 after having opened the day at $73.54 as compared to the previous trading day's close of $73.38. Other companies within the Electronics industry that increased today were: Pixelworks ( PXLW), up 15.1%, Aehr Test Systems ( AEHR), up 11.3%, Maxwell Technologies ( MXWL), up 9.4% and GigOptix ( GIG), up 9.4%.

Eaton Corporation plc operates as a power management company worldwide. Eaton Corporation has a market cap of $34.9 billion and is part of the industrial goods sector. Shares are down 3.6% year to date as of the close of trading on Tuesday. Currently there are 12 analysts that rate Eaton Corporation a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Eaton Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, growth in earnings per share and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins.

On the negative front, LGL Group ( LGL), down 3.8%, Bel Fuse ( BELFA), down 2.6%, Aetrium Incorporated ( ATRM), down 2.6% and Viasystems Group ( VIAS), down 2.6%.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the electronics industry could consider iShares Dow Jones US Technology ( IYW) while those bearish on the electronics industry could consider ProShares Ultra Short Semiconductor ( SSG).

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