The Smartest Industrials Stock to Buy With $500 Right Now
Investors might do well to pay more attention to Eaton (NYSE: ETN) . The power equipment maker, based in Ireland, generated a record $8.5 billion in sales in the second quarter, an increase of 21% year over year. Organic sales, which exclude acquisitions and currency fluctuations, grew 14%, while free cash flow jumped 22% to $874 million. The company's electrical equipment businesses are benefiting from surging demand for data centers, grid modernization, and power infrastructure. Unlike some companies riding the artificial intelligence boom , Eaton already has a profitable business with substantial orders and a growing backlog. With shares closing at $381.98 on Oct. 20, a $500 investment is enough to purchase one share and still have money left over. Here's why Eaton is my pick for investors looking to put $500 into an industrial stock today. Continue reading