Action Alerts Plus Co-Portfolio Managers Jim Cramer and Stephanie Link say recent industrial stock downgrades are bad calls by Wall Street analysts because the companies in the sector have more room to move higher. Cramer says Honeywell and Eaton have done a good job of cutting costs over the past several years and are now positioned to take advantage of growth in sales and maintain strong margins. Cramer, who recently wrote “Get Rich Carefully,” says stocks like Honeywell and Eaton have the potential to trade at 16-18 times earnings and are stocks investors should not be trading daily.
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