Date updated:10-16-2008
Cramer said any industrial company with a strong balance sheet might be on the hunt for acquisitions now that banks will lend again.

-
IR
Ingersoll Rand Lt - $35.82
- +0.70%
- $35.52
A name like Ingersoll (IR) might work for investors, too. That company reported disappointing earnings and lowered estimates, but still the stock is down only about 50 cents. A stronger company in another sector, Cramer said, might have dropped lower.

-
ETN
Eaton Cp - $65.41
- +2.28%
- $64.18
He mentioned Eaton(ETN), SPX(SPW) and Danaher(DHR) but said he doesn't think they're "there" yet. "Perhaps industrials represent some value," he said.

-
SPW
S P X Cp - $54.02
- +0.09%
- $53.99
He mentioned Eaton(ETN), SPX(SPW) and Danaher(DHR) but said he doesn't think they're "there" yet. "Perhaps industrials represent some value," he said.

-
DHR
Danaher Cp - $71.98
- +0.21%
- $71.61
He mentioned Eaton(ETN), SPX(SPW) and Danaher(DHR) but said he doesn't think they're "there" yet. "Perhaps industrials represent some value," he said.

-
EMR
Emerson Elec Co - $42.32
- +0.17%
- $42.23
Ingersoll-Rand [IR] and Emerson [EMR] are too cheap right now, making them likely targets for Eaton [ETN], SPX [SPW] and others.
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