Eaton Corp.’s (ETN) share price has entered into oversold territory with a stochastic value of 19.84. The Zacks Consensus Estimate on the company’s full-year earnings has jumped 50 cents over the past 2 months to $2.47 per share. Eaton is a Zacks #1 Rank (“Strong Buy") company."ETN" Free Stock Analysis: Buy? Sell? Hold?Zacks Investment Research

Here are the stocks added to the Zacks #1 Rank ("strong buy") List today:

3M Co (MMM) AMCOL International Corp (ACO) Archer-Daniels-Midland Co (ADM) Arena Resources Inc (ARD) Bell Microproducts Inc (BELM) Bio-Rad Laboratories Inc (BIO) BNP Paribas (BNPQY) Boston Beer Co Inc (SAM) Conmed Corp (CNMD) Crosstex Energy Inc (XTXI) Deutsche Bank AG (DB) Dover Corp (DOV) Dow Chemical Co (DOW) Eaton Corp (ETN) FBL Financial Group Inc (FFG) Fuel Systems Solutions Inc (FSYS) Genoptix Inc (GXDX) ...

Electrical equipment maker Eaton Corp. (ETN) reported third quarter earnings of $1.21 per share, beating its own guidance of 80-90 cents per share and the Zacks Consensus Estimate of 91 cents per share. Better-than-expected earnings in the quarter were primarily a result of substantial reduction in costs.   However, quarterly earnings were down 38% from the year-ago profit of $1.95 per share. The company’s cost-cutting efforts were more than offset by lower sales and a stronger dollar.   Eaton’s revenues fell 26.4% year over year to $3 billion. The revenue decline was a result of 23% decline in core sales and a 3% negative impact of foreign exchange translation.   The company witnessed double digit sales decline across its segments. The truck and the Hydraulic segments posted sales decline of 35% and 34%, respectively. These segments witnessed more than 40% decline in the U.S. markets. Hydraulic markets outside ...

Warren Buffett’s Berkshire Hathaway Inc (NYSE:BRK.A) is finally starting to offload its 20% stake in ratings agency Moody’s Corporation (NYSE.MCO).

Here are listed sales in the filing, courtesy of 24/7WallStreet.com:

· 7/20/09… 1,817,000 at $28.7269 average in open market sale.

· 7/21/09… 3,915,100 at $26.9188 average in open market sale.

· 7/22/09… 2,254,200 at $26.6425 average in open market sale.

What took Buffett so long to start selling Moody’s? We have no idea. Moody’s runs one of the biggest scams on Wall Street. It charges the companies whose securities it rates (just like Standard & Poor’s and Fitch also do).

So what do you think these ratings agencies did when presented with a whole load of junk mortgage-backed securities to rate? They assigned them investment grade status and pocketed the cash.

If these ratings agencies had instead acted honestly and responsibly (rather than pimping

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A couple of names of note reporting this morning, Eaton Corp. and Johnson Controls Inc.br /br /EATON (a href="http://www.reuters.com/article/hotStocksNews/idUSTRE56J1ZE20090720"via Reuters/a)br /br /-Diversified manufacturer Eaton Corp, a maker of hydraulics, electrical control systems and truck transmissions, reported higher-than-expected quarterly profits on Monday, but slashed its earnings forecast, citing weakness across its markets.br /br /-Eaton cited weak truck production, steep declines in European electrical markets and shutdowns at U.S. automakers. It said it expected its end-markets to decline at a faster rate than it had forecast in April.br /br /-But the company said span style="font-weight: bold;"cost cuts made it possible to deliver second-quarter earnings/span per share close to its original forecast.br /br /-Net earnings fell to $31 million, or 17 cents a share, from $337 million, or $2.03 per share, a year earlier. Revenue fell 32 percent to $2.9 billion, compared with Wall Street forecasts of $3 billion.br /br /-Eaton said ...

Here are the stocks added to the Zacks #5 Rank ("strong sell") List today:

American Oil & Gas Inc (AEZ) Baker Hughes Inc (BHI) The Bank of New York Mellon Corp (BK) Callwave Inc (CALL) Capital Trust Inc (CT) Chunghwa Telecom Co Ltd (CHT) Concho Resources Inc (CXO) Daimler AG (DAI) DreamWorks Animation SKG Inc (DWA) Eaton Corp (ETN) Ensco International Inc (ESV) Fairfax Financial Holdings Ltd (FFH) Hartford Financial Services (HIG) Hawaiian Electric Industries Inc (HE) JDA Software Group Inc (JDAS) Lennox International Inc (LII) Nordson Corp (NDSN) Northern Trust Corp (NTRS) Reliance Steel & Aluminum (RS) S&T Bancorp Inc (STBA) Teck Cominco Ltd (TCK) Teleflex Inc (TFX) Weingarten Realty Investors (WRI) View the entire Zacks #5 Rank List.

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Eaton Corp. (ETN) pulled back on its 2009 earnings guidance once again after posting a smaller-than-expected first-quarter loss.

Shares are down more than 10% today. Volume is at 2.4 million, slightly higher than the average at 2.2 million.

The company now expects operating earnings between $2.50 and $3, for the year. Analysts have been expecting $3.48, which was lowered from $3.61 a month ago. During this period, 5 out of 18 covering analysts pulled back on expectations.

Eaton indicated that the economic conditions in the US and Western Europe will not begin to recover until next year. It sees continued declines in the auto, aerospace and hydraulics markets in 2009.

Eaton's loss for the first quarter, excluding items, came in at 22 cents per share, 3 cents narrower than the consensus. Sales dipped 20% to $2.8 billion.

Eaton is currently a Zacks #3 Rank ("Hold") company.

"ETN" ...

Eaton Corp. (ETN) cut its fourth-quarter earnings estimate as the Cleveland-based industrial manufacturer battles deteriorating economic conditions.

For the fourth quarter, Eaton is looking for a profit in the range of $1.00 and $1.10, excluding certain costs. In October, the company had expected earnings between $1.70 and $1.80.

Analysts expect Eaton to earn a profit of 1.71 in the current quarter.

The company now projects earnings of $6.75 to $6.85 a share for the full year, while analysts see profit of $7.46.

Eaton is currently a Zacks #3 Rank ("Hold") company.

"ETN" Free Stock Analysis: Buy? Sell? Hold?Zacks Investment Research