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The heavy truck market takes a another big step toward recovery–and that’s good for Cummins

Cummins ups dividend to annual $4.10

Cummins (CMI) announced today that it would increase its dividend to a quarterly $1.025 from the previous $0.957 payable on September 1 to shareholders of record as of August 22. That brings the foreword dividend yield to 3.45% from today’s closing price of...
The heavy truck market takes a another big step toward recovery–and that’s good for Cummins

Cummins (CMI)

When on April 30 Cummins (CMI) announced that the first quarter would mark the low point in revenue for 2013, markets ignored the news and instead focused on the company’s big first quarter earnings miss. (You have to admit missing by 37 cents a share and reporting a...

Update Cummins (CMI)

Just goes to show you that Wall Street can find a problem in any earnings report—if analysts really want to. Before the market opened yesterday, February 1, Cummins (CMI) reported fourth quarter 2010 earnings of $1.84 a share (12 cents a share above an analyst...

Update Cummins (CMI)

The heavy truck replacement cycle continues to play out exactly as Cummins (CMI) has outlined it over the last year. The pent-up demand created during the Great Recession when truck owners put off replacing aging trucks will turn into new orders as the economy...

Update Cummins (CMI)

I’m starting to see a new pattern in third quarter earnings reports.  Now to see if it continues through the end of earnings season. What’s the potential pattern? Companies that announce great earnings but that still don’t measure up to Wall Street expectations. The...

Update Cummins (CMI)

Right now, for this point in the economic recovery, I’d much, much rather own capital equipment stocks than consumer stocks. As I noted in my post on September 24, report on orders for durable goods, corporate customer are buying capital goods to expand and upgrade...

Update Cummins (CMI)

Notice something about the U.S. economy? Consumer confidence is plunging like a stone—in July the consumer confidence index fell to 50.4. That’s down from the 54.3 (revised) reading for June and the lowest reading since February. But corporate customers are...

Update Cummins (CMI)

The growth thesis for heavy-duty truck sales continued to play out in May. Net orders climbed by 84% from May of 2009. That growth thesis says that truck sales should boom in late 2010 and into 2011 as truck owners, who have put off buying during the recession, resume...
The heavy truck market takes a another big step toward recovery–and that’s good for Cummins

Buy Cummins (CMI)

Way back on April 20, I said that I’d like to add shares of Cummins (CMI) to Jubak’s Picks. Well, the stock ran away from me, I mean really ran, before I could get in a buy. Now thanks to the European debt crisis the shares have given up all that gain and a little bit...

3 technology stocks in the hot industrials sector

Here’s a quiz? Name three technology companies that no one has ever heard of. Apple (AAPL) is a great technology company. So is Google (GOOG). Cisco Systems (CSCO). Intel (INTC). And I’m sure that everybody would put them at the top of their list. But how about these...