Cramer's 'Mad Money' Recap: Opportunities Abound (Final)
Executive DecisionIn the "Executive Decision" segment, Cramer once again spoke with Sandy Cutler, chairman and CEO of Eaton (ETN) , a stock he owns for his charitable trust, Action Alerts PLUS. Shares of Eaton are up 9% for the year and yield 3.2%.
Cutler painted a mixed picture for Eaton, saying that while the company still expects sales to be up 7% for the year, with profits up 14%, they see challenges in many overseas markets. Cutler called out Europe in particular, noting that forecasts for a third-quarter recovery in Europe are now expected in the fourth quarter.
Cutler was also bearish on the Chinese recovery, as loosening credit and lower interests rates have yet to spark renewed growth. Brazil also remains a weak spot for Eaton, noted Cutler, with sales expected to be down 10% for the year.
Turning to the U.S., however, Cutler was more bullish, saying that the company's largest division, electrical systems in the Americas, is seeing continued growth and recovery in the construction markets. Cutler predicted a multiple-year expansion in U.S. construction.