The Rising Influence of Rising Affluence

[DewDiligence]

Barron’s likes ETN, a diversified industrial multinational:

http://online.barrons.com/news/articles/SB52018153252431963983004580508271983209144

Today Eaton (ticker: ETN) is more diversified than ever, with a blend of businesses that do well during different parts of the economic cycle, and steady aftermarket sales provide an annuity-like income stream. Half of sales come from outside the U.S., split evenly between developed and emerging markets. “We’re just about perfectly balanced now,” Cutler told analysts last month.

…At 13.3 times projected earnings for the next four quarters, Eaton is now 21% cheaper than the S&P.

The stock also yields 3.3%.