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Benzinga
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Jim Cramer Recommends Staying Long On This Industrial Stock

1. Watts Water beat earnings estimates, posting $3.09 per share. 2. Cramer supports holding Watts Water due to its strong manufacturing base. 3. Taiwan Semiconductor plans a new fabrication plant with $16.49 billion production value. 4. BofA raised Western Digital's price target despite recent share decline. 5. Overall, mixed sentiment on recommended stocks could influence S&P 500.

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FAQ

Why Bullish?

Watts Water's strong earnings growth indicates positive trends for industrial stocks, influencing S&P 500 positively.

How important is it?

Positive earnings from a strong manufacturer like Watts Water can elevate sentiment in the S&P 500, though mixed signals from other stocks temper this impact.

Why Short Term?

Recent earnings announcements often lead to immediate market reactions; ongoing earnings seasons may heighten this effect.

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