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

Eaton Corporation ( ETN) pushed the Industrial Goods sector higher today making it today's featured industrial goods winner. The sector as a whole closed the day up 1.7%. By the end of trading, Eaton Corporation rose $0.82 (1.2%) to $68.21 on average volume. Throughout the day, 3,204,082 shares of Eaton Corporation exchanged hands as compared to its average daily volume of 3,385,400 shares. The stock ranged in a price between $67.83-$68.63 after having opened the day at $68.38 as compared to the previous trading day's close of $67.39. Other companies within the Industrial Goods sector that increased today were: China BAK Battery ( CBAK), up 21.5%, NF Energy Saving ( NFEC), up 16.5%, Beazer Homes USA ( BZH), up 9.3% and DR Horton ( DHI), up 9.2%.

Eaton Corporation plc operates as a diversified power management company worldwide. The company operates through Electrical Americas, Electrical Rest of World, Cooper, Hydraulics, Aerospace, Truck, and Automotive segments. Eaton Corporation has a market cap of $32.2 billion and is part of the electronics industry. Shares are up 24.4% year to date as of the close of trading on Wednesday. Currently there are 11 analysts that rate Eaton Corporation a buy, 1 analyst rates 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 revenue growth, solid stock price performance, reasonable valuation levels, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the negative front, Erickson Air-Crane ( EAC), down 8.7%, Frontline ( FRO), down 5.4%, UQM Technologies ( UQM), down 4.2% and Innovative Solutions and Support ( ISSC), down 4.0%.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider Industrial Select Sector SPDR ( XLI) while those bearish on the industrial goods sector could consider ProShares Short Dow 30 ( DOG).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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