Cummins has the right truck engines at the right time

Filed under: Stocks to Buy

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.

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Cummins has the right truck engines at the right time originally appeared on BloggingStocks on Tue, 27 Oct 2009 18:00:00 EST. Please see our terms for use of feeds.

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