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Cummins Soars to the Stratosphere

Truck engine/power generation system manufacturer Cummins Inc. (CMI), which I first wrote about on April 3, 2009, at a price of $29.70, has simply soared in the second half of 2010 to more than $90, and if you haven't already, now would be a good time to consider taking some profits off the table with CMI.

Further, I'd raise the sell/stop loss to $69 from $58, making this a 140% profitable trade at the $69 stop price. Not bad.

Even so, there's more upside ahead for Cummins. Cummins will likely post a 10% to 12% revenue gain in 2010, followed by a probable 11% to 14% increase in 2011.

Continue reading Cummins Soars to the Stratosphere

Cummins: Is Now a Good Time to Take Some Profits off the Table?

The chart of truck engine/power generation system manufacturer Cummins (CMI), which I first wrote about on April 3, 2009 at a price of $29.70, appears to be forming a bearish head-and-shoulders formation, hence it may be prudent to take some profits off the table.

However, those investors who can tolerate the risk can hold on to their full position, and go for an even bigger gain.

Look for Cummins to post a 10-12% revenue gain in 2010, followed by likely 11-14% increase in 2011.

Continue reading Cummins: Is Now a Good Time to Take Some Profits off the Table?

Cummins: Impressive Uptrend

Truck engine/power generation system manufacturer Cummins Inc. (CMI), first discussed here on April 3, 2009 at a price of $29.70, continues to impress.

Look for Cummins to post a 7-10% revenue gain in 2010, followed by likely 10-12% increase in 2011.

Continue reading Cummins: Impressive Uptrend

Cummins Is in an Uptrend

Cummins Inc. (CMI) has broken-through key resistance due to the global economic recovery, and I'm obviously reiterating my buy rating for the company's shares, first recommended on April 3, 2009, at a price of $29.70. If you bought Cummins in April, you're up an impressive 70%.

With more than 50% of its revenue from international sources, Cummins is obviously well-positioned for the global recovery, and look for the company to register an impressive FY2010 revenue gain, on sales gains of its efficient truck engine and infrastructure-based power generation equipment. Basically, institutional investors (IIs) have looked past CMI's FY2009 revenue decline, and have bid-up the company's shares since March 2009 on the U.S./global economic recoveries.

Continue reading Cummins Is in an Uptrend

Cummins has the right truck engines at the right time

The global recovery is underway, and that's goods news for Cummins, Inc. (NYSE: CMI), which is why reiterating my Buy rating for the company's shares, first recommended on April 3, 2009 at a price of $29.70. If you bought CMI in April, you're up an impressive 57%.

Look for Cummins, with more than 50% of its revenue derived from international markets, to register an impressive FY2010 revenue gain, on sales gains of its efficient truck engine and infrastructure-based power generation equipment. Basically, institutional investors (IIs) have looked beyond CMI's FY2009 revenue decline, and have bid-up the company's shares since March, on the U.S./global economic recoveries.

Continue reading Cummins has the right truck engines at the right time

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Last updated: May 26, 2012: 03:13 PM

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