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 more. And I’m adding Cummins to Jubak’s Picks today, May 5.

As I wrote in my post “And now for the good news (on the U.S. economy anyway)” http://jubakpicks.com/2010/05/05/and-now-for-some-good-news-on-the-u-s-economy-anyway/ the U.S. economic recovery is on track for decent if not spectacular growth. In that environment I want to own growth stories where the basic underlying positives of the U.S. economy get a rocket booster blast from pent-up demand that has built up during the Great Recession. (For more on that kind of growth stock see my post http://jubakpicks.com/2010/04/20/go-for-the-growth-and-where-to-find-it-at-a-reasonable-price/ )

You can find examples of that throughout Jubak’s Picks: Intel (INTC) and Microsoft (MSFT) are good examples. Cummins is another. Read more