These picks incorporate secular themes and a lot to offer Wall Street as the economic landscape changes, he said. Cummins green energy efforts and said it has a strong power systems business that makes products for buildings, including data centers. Even if truck sales have slowed, he said the data systems business is doing well, as data centers — which need generators — continue to proliferate. The company reported higher-than-expected earnings earlier in August, and management indicated power systems drove sales that quarter. Dover topped expectations, but said Wall Street seems to be underestimating the stock at the moment.

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Persons: CNBC's Jim Cramer, Eaton Hubbell Parker, Hannifin Cummins, Hannifin Organizations: Cummins, Hubbell, Park Locations: Dover, Eaton