Jim Cramer says buy Eaton if you don't own it after its puzzling post-earnings drop

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Tuesday's key moments. U.S. stocks declined Tuesday, the last day of April, as Wall Street digested another worrisome inflation report. The employment cost index, a measure of wages for civilian workers, came in hotter than expected — one day before the Federal Reserve's interest rate decision.

Instead of holding out for a run higher, we should've held our discipline and trimmed our GEHC position sooner when shares were up. Eaton stock fell 4% on Wednesday despite a better-than-expected earnings release. Management raised full-year guidance on continued strength in the firm's data center business. The industrial stock's decline presents a buying opportunity for new investors, Jim said. "If you don't own it, you're going to have to buy something," he added.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jim Cramer's top 10 things to watch in the stock market ThursdayWall Street is looking lower, especially the Nasdaq on Meta Platforms' earnings-driven 15% slide and higher inflation data.
Source: CNBC - 🏆 12. / 72 Read more »

Jim Cramer's favorite investment themes in this rough market and 3 stocks he likes nowJim Cramer and Jeff Marks offered their thoughts on Wells Fargo, secular investment themes and more during the April Monthly Meeting.
Source: CNBC - 🏆 12. / 72 Read more »

Jim Cramer's top 10 things to watch in the stock market TuesdayThe S&P 500 and Nasdaq try for two in a row Tuesday, one day after breaking their six-session losing streaks.
Source: CNBC - 🏆 12. / 72 Read more »

Jim Cramer's top 10 things to watch in the stock market WednesdayThe S&P 500 and the Nasdaq are trying to extend their winning streaks to three sessions.
Source: CNBC - 🏆 12. / 72 Read more »