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Parker-Hannifin Bears Just Need a Little Patience

Parker-Hannifin Bears Just Need a Little Patience

Why aren't shares of Parker-Hannifin Corp. going down, even though the company has received six analyst downgrades in a row? During Wednesday night's Mad Money program Jim Cramer said it's because investors are following the Federal Reserve. Cramer has often reminded viewers of Mad Money that they cannot fight the Fed and they cannot fight the market, both of which are helping to boost Parker-Hannifin, which manufactures industrial equipment and gets nearly half of its sales from overseas.