Sell Rockwell Automation and Buy Emerson Electric, Jim Cramer Says
Amid a CNBC report that Rockwell Automation has rebuffed offers by Emerson Electric, TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer said this would be an opportunity to scoop up shares of Emerson.
Amid a CNBC report that Rockwell Automation (ROK) - Get Report has rebuffed offers by Emerson Electric (EMR) - Get Report , TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer said this would be an opportunity to scoop up shares of Emerson.
"It is similar to when Honeywell (HON) - Get Report went after United Technologies ," Cramer said. "UTX spiked and then you had to sell United Technologies.
Cramer would be a seller of Rockwell Automation and a buyer of Emerson Automation.
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