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CMI Analysis & Videos »
CMI: Bull or Bear?
Cummins has the right truck engines at the right time
CMI
+1.42%
in
26 days
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 r...
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Bookkeeping: Cummins Engine (CMI) Trade Working Well - We're Adding Back
CMI
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-30.69%
in
478 days
We scooted out of most of our Cummins Engine (CMI) last week and then immediately after an excellent earnings report yesterday [Cummins Engine Continues to Quietly Execute] with the last of the position sold out at $74. I wrote
<>Now as much as I like this story we see a potential top forming and everything good is to be sold in this trecherous market; all gains are erased quickly. So I'm taking this down to a 0.1% holding position and selling the remaining portion around $74. Frankly I didn't hold much since I sold on that spike to low $70s last week. And we will buy back on a pullback... or...
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Cummins Engine (CMI) Continues to Quietly Execute
CMI
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-3.45%
in
1 day
(closed on 07/31/08)
Cummins Engine (CMI) has been beaten down with the rest due to its subprime (err, that's not it)... due to its natural gas (err, that's not it)... well I don't really know why other than it opens on the stock exchange every day and hence should be sold. I continue to like this long term story, and earnings continue to shine through. The is a prototypical stock we want to own as it increasingly avoids America - overseas exposure continues to be very under estimated by the investing community. The stock is up 10% this AM. Full report here.
Folks at this point about 1/3rd through earnings s...
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Bookkeeping: Some Assorted Buys
CMI
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+5.70%
in
34 days
(closed on 07/30/08)
Still not seeing any capitulation in the generals but we are getting some nice selloffs in just about every other piece of the market. A few medium sized buys today and why - I'll use the edit and update this one post with any other buys today instead of creating new posts...
<>Research in Motion (RIMM) in $124s - believe this should get to $120 but I had a 0.1% stake so taking it up to 0.4% (almost too small to mention this purchase) I'll add more increments around $120.
<>DR Horton (DHI) in $11.90s - we sold this yesterday in the $13.30s so we got a 10.5% discount in 24 hours. Simply replaci...
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Bookkeeping: Selling off More Perfect World (PWRD) and Cummins Engine (CMI)
CMI
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-7.86%
in
13 days
(closed on 06/26/08)
I am selling off some more winners here from stocks we've discussed this morning and yesterday.
First Perfect World (PWRD) which we just discussed - as we just wrote we'd look for mid $25s to lay off more shares
The stock is now trading back to the mid $24s range, up 13% - as I outlined in the previous post on this stock I'll continue to cut back on this name as it approached resistance which in this time frame means mid $25s or so.
....and we got them within an hour (stock has hit $25.59), so I am cutting the shares I bought just last Friday in the $23.70 (which I had sold in the $26.20s). S...
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CMI
CMI
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-30.37%
in
545 days
<>
EARNINGS: 7-30-08
STATUS: Test 18 day EMA. Finished the week at the 18 day EMA on low volume. Looks as if that is the bottom of this test and looking for CMI to put the break higher in for us this week. To recap: Surged higher to end April, rallying on its earnings out of a 15 week base. Rallied to 74 on the breakout run and is now testing near support at the 18 day EMA (67.23), tapping that level on the low and rebounding to close flat. Nice low volume test shows few sellers. Looking for CMI to continue its move higher off of this test with a good shot of volume.
Volume: 2...
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Getting Technical with CMI
CMI
-19.35%
in
854 days
<> Cummins Inc. has had an unbelievable run so far this year. It is up 102% YTD versus 107% over the last 52-weeks. It is 17% above its 50-day moving average, and 58% above its 200-day. All technical measures indicate that CMI is overbought, and we should expect it to consolidate in the near future. More recently it appears that there has been some price resistance at $120, where it has made a double or even a triple top. Underlying this price resistance it ALSO appears that the stock has made a "bullish flag" since its rally on 7/9. You be the judge on the chart. <> Below we also...
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Buying CMI
CMI
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+74.77%
in
191 days
(closed on 09/15/07)
I've been looking at these boys from indiana for a while now... nice business... making diesel and natural gas engines.. selling to India and developing country.. buying back shares... inline with guidence...
I like CMI also because they are exporters and stand to gain from the continuing weak dollar...
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About Cummins Inc.
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