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 0.6%. By the end of trading, Eaton Corporation rose $0.94 (1.4%) to $70.43 on average volume. Throughout the day, 2,723,323 shares of Eaton Corporation exchanged hands as compared to its average daily volume of 2,625,200 shares. The stock ranged in a price between $68.96-$71.28 after having opened the day at $69.03 as compared to the previous trading day's close of $69.49. Other companies within the Electronics industry that increased today were: Daqo New Energy ( DQ), up 61.1%, Trio-Tech International ( TRT), up 10.2%, Applied Materials ( AMAT), up 9.1% and Kopin Corporation ( KOPN), up 8.8%.

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 $33.4 billion and is part of the technology sector. Shares are up 30.3% year to date as of the close of trading on Monday. Currently there are 13 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 robust revenue growth, solid stock price performance, reasonable valuation levels, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the negative front, Enphase Energy ( ENPH), down 5.5%, Advanced Photonix ( API), down 5.1%, Aehr Test Systems ( AEHR), down 5.0% and Electro-Sensors ( ELSE), down 4.5% , were all laggards within the electronics industry with Cypress Semiconductor Corporation ( CY) being today's electronics industry laggard.

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).

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

If you liked this article you might like

Jim Cramer: The Surprising Stock Market Winners That Investors Are Chasing

Jim Cramer: The Surprising Stock Market Winners That Investors Are Chasing

Jim Cramer: Good Cyclical Stocks to Buy Are in Short Supply

Jim Cramer: Good Cyclical Stocks to Buy Are in Short Supply

Here's Why General Electric Should Hold Onto Baker Hughes

Here's Why General Electric Should Hold Onto Baker Hughes

Video: Jim Cramer on Cummins, Eaton, General Electric and Tyson Foods

Video: Jim Cramer on Cummins, Eaton, General Electric and Tyson Foods

Buying Opportunity Is Knocking: Cramer's 'Mad Money' Recap (Monday 10/16/17)

Buying Opportunity Is Knocking: Cramer's 'Mad Money' Recap (Monday 10/16/17)