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

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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 1.3%. By the end of trading, Eaton Corporation rose $0.84 (1.2%) to $72.97 on average volume. Throughout the day, 2,559,844 shares of Eaton Corporation exchanged hands as compared to its average daily volume of 2,902,400 shares. The stock ranged in a price between $71.75-$73.16 after having opened the day at $72.16 as compared to the previous trading day's close of $72.13. Other companies within the Electronics industry that increased today were: Microvision ( MVIS), up 97.8%, Applied Optoelectronics ( AAOI), up 19.7%, On Track Innovations ( OTIV), up 14.4% and Rubicon Technology ( RBCN), up 13.7%.

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 $34.4 billion and is part of the industrial goods sector. Shares are down 4.8% year to date as of the close of trading on Wednesday. Currently there are 12 analysts that rate Eaton Corporation a buy, no analysts rate it a sell, and 5 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, increase in stock price during the past year, 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, ClearSign Combustion ( CLIR), down 9.6%, Control4 ( CTRL), down 6.9%, Vimicro International Corporation ( VIMC), down 6.7% and LightPath Technologies ( LPTH), down 6.3% , were all laggards within the electronics industry with ABB ( ABB) 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).

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