ETN — Eaton

_Last updated 2026-10-29 16:00 ET from report. Screening/research, not investment advice._

Business

Electrical equipment: data-center and utility power distribution, plus aerospace and vehicle segments (Eaton IR).

Catalysts, guidance & news

2026-10-29 16:00 update

• 10-29: +0.19% while semis fell. Power and electrical held (GEV +1.15%; PWR beat and raised, +6% midday). After hours −1.6% on INTC (ρ 0.60) and AMZN (ρ 0.51). VRT ρ 0.81; VRT beat and raised on 10-28 (report). ETN reports 11-03 BMO (TRAI events).

• −6.33% Oct 22 (TRAI); not in a bucket today. Oct 23 12:05 ET: +0.29% after a −2.84% low (Yahoo 5m).
• Next earnings Tue Nov 3 BMO, call 11 AM ET (Eaton, 2026-10-20).
• Highest-correlated name to GEV (0.82) and VRT (0.81) — a good proxy for the cluster.

TRAI data (2026-10-23 8:53 AM ET premarket run; daily stats = Oct 22 session)

• Sector (TRAI): Industrials. Oct 22: -6.33%, relVol 1.75, ATR 4.44%, beta60 2.48, residualZ -1.53, indicated gap +0.01%, signals: none (TRAI /api/latest).
• Next earnings: 2026-11-03 BMO, gap risk none (outside 5-session window) (TRAI /api/events, asOf 2026-10-23).
• Typical earnings reaction (last 4): avg |gap| 5.97% (1.78 ATR), max |gap| 8.56%, gap fill rate 25%, continuation 0%, avg day-1 move in gap direction -3.22% (TRAI /api/events).
• Recent events: 2025-11-04 BMO: gap -6.71%, day-1 +4.74%, close-close -2.29%, EPS surprise 0.51%; 2026-02-03 BMO: gap -2.76%, day-1 +3.73%, close-close +0.86%, EPS surprise 0.34%; 2026-05-05 BMO: gap -5.84%, day-1 +3.29%, close-close -2.74%, EPS surprise 2.9%; 2026-07-31 BMO: gap +8.56%, day-1 -1.14%, close-close +7.32%, EPS surprise 2.39% (TRAI /api/events).
• Correlation cluster 1 (avg ρ 0.588, 60d): ON, MCHP, TXN, ADI, CAT, ANET, VRT, GEV, ETN, AVGO, MU, TSM, ASML, KLAC, AMAT, LRCX, MRVL, ARM, AMD, INTC, NVDA, ORCL, SMCI, DELL (TRAI /api/correlations, asOf 2026-10-22).
• Highest 60d correlations: GEV 0.82, VRT 0.81, ANET 0.78, CAT 0.73, TSM 0.70 (TRAI /api/correlations).

Sector note

• ai-power-infrastructure

Report links

• 2026-10-23 12:00 — AI power, industrials, healthcare
• 2026-10-29 16:00 — AI-infra momentum vs capex financing; INTC/AMZN after-close

2026-11-02 13:00 update

• MR fade-long, print eve. −6.03% on 10-30 (no ETN-specific news; AI-infra rout: GEV −3.38%, VRT −5.46%, HUBB −3.60%, CAT −3.81%). Today +0.33% at 13:10 ET, at VWAP, inside OR30, after giving back a +1.07% opening gap.
• Q3 on Tue 11-03 BMO, call 11:00 ET (Eaton IR).
• Company guide: organic +13.5–15.5%, segment margins 24.6–25.0%, adj. EPS $3.46–3.56; FY adj. EPS $13.40–13.60 (Q2 release).
• Consensus: EPS $3.54, revenue $8.53B (MarketBeat).
• Implied move ±7.48% (EarningsMoves, 10-30 snapshot).
• Reaction history (my calc, n 19): mean |gap| 3.04%; day-1 o→c went against the gap 12/19. After down-gaps ≤ −2.5% (n 7), day-1 o→c averaged +2.47%, 6 of 7 up (S-126).
• Gap risk: not relevant to a same-day trade, because TRAI is flat by 15:55 ET with no overnight holds.
• 2026-11-02 13:00 report

2026-11-03 09:00 update

• Q3 (BMO): adj EPS $3.68, rev ~$8.9B, beat; FY26 EPS $13.70–13.80 raised; data-center demand (Seeking Alpha) [S-1]. Pre-market +3.0%; GE (ρ .42) +1.0%.
• Report

2026-11-06 12:00 update — post-print cluster-1 bounce

• Primary Q3 already logged: 2026-11-03 beat/raise (sales $8.9B, +19% organic; adj. EPS $3.68; FY adj. EPS $13.70–13.80). TRAI reaction gap +3.68%, day-1 +3.20%, CC +7.0%.
• Still SM residual on 8:58 run (Thu −7.38%, residZ −0.05) — suspended. Yahoo ~12:10 ET ~+3.9% with VRT/ANET — cluster-1 path, not a sector-industrials trade.
• Next TRAI estimate 2027-02-02 BMO.
• Source: 2026-11-06 12:00 report.