"Go Buy Eaton (ETN)" Says Jim Cramer

We recently published 11 Latest Stocks Jim Cramer Talked About. Eaton Corporation plc (NYSE:ETN) is one of the stocks Jim Cramer recently discussed.

Eaton Corporation plc (NYSE:ETN) is an industrial equipment company that provides power management and delivery products. The firm shook things up yesterday after it announced that it would spend $9.5 billion to buy Boyd Corp’s thermal business from Goldman Sachs Asset Management. Cramer discussed how the deal provides Eaton Corporation plc (NYSE:ETN) with exposure to the data center sector:

“Yeah now here’s 9.5 billion dollar deal that probably won’t mean that much initially to people. Eaton which is a power management company, very big in the data center, is buying Boyd Corporation. This is the Boyd Thermal business of Boyd Corporation, from Goldman Sachs. Now thermal cooling is what’s needed, in order to be able to make it so that your data center doesn’t overheat. A lot of people felt that initially you needed the kind of air cooled. This is liquid cooled. And liquid cooled is very, very important in terms of the next generation. Stock’s going to go up on this because this gives them an even deeper footprint within the data center, which we know from Eaton this morning. Is just the ultimate, I don’t know it’s the greatest construction story every told. “Boyd Thermal forecasted sales of 1.7 billion for 2026 of which 1.5 billion is in liquid cooling. Liquid cooling is going to be in the data center. So that is very good news for Eaton, it’s much better than. . .it’s a really well run company, go buy Eaton, a big charitable trust position, I feel great about it.”

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Disclosure: None. This article is originally published at Insider Monkey.