February 12, 2019 @ 6:33 pm | Breaking News, CMI, Jubak Top 50 Portfolio |
Some companies you listen to because their stocks themselves are good investments–and because of their insight into a big chunk of the economy and trends in the economy. For example, I pay attention to what Deere (DE) says in its quarterly earnings report...
August 10, 2018 @ 7:48 pm | Breaking News, Buy, CMI, Dividend Income Portfolio |
In my on-going Special Report: 10 Best Stocks in 10 Sectors (running on my JubakAM.com subscription site) I laid out the case for buying Cummins (CMI) now a a dividend stock with the expectation that as the current depression over the share price of industrial...
October 4, 2017 @ 10:01 pm | Breaking News, CMI, Jubak Top 50 Portfolio, Update |
North American orders for Class 8 heavy trucks jumped 62% year over year in September and analysts and economists are predicting that a strong U.S. economy will push orders even higher in the fourth quarter. Net orders for heavy trucks, the semis that haul freight on...
August 29, 2017 @ 10:21 am | Breaking News, CMI, Jubak Top 50 Portfolio, Update |
I’m on vacation until September 7. I wrote this update on portfolio holding Cummins on August 22. Â On August 1 Cummins (CMI) reported second quarter earnings of $2.53 a share. That was 3 cents a share below Wall Street estimates. Revenue climbed 12% year over...
January 12, 2017 @ 7:55 pm | CMI, Dividend Income Portfolio, Sell |
After a 55.3% gain in 2016, shares of Cummins (CMI) no longer pay enough to remain in my Dividend portfolio. The huge appreciation of 2016 means the stock now yields just 2.98% and in this portfolio I look for yields of 4% or more. (With 5% as the ideal–but hey...
September 12, 2016 @ 5:19 pm | CMI, Dividend Income Portfolio, Jubak Top 50 Portfolio |
Update September 12. When on September 6 Volkswagen announced that it would take a 16.6% stake in Navistar International (NAV) for $256 million, it sent competitors in the truck market slipping lower. Shares of Cummins (CMI) fell 2.6% from September 8 to September 9...
August 17, 2016 @ 8:34 pm | Breaking News, CMI, Dividend Income Portfolio, Jubak Top 50 Portfolio |
Update August 17, 2016. New rules proposed by the Obama administration that would require up to a 25% reduction in carbon emissions from heavy-duty trucks over the next 10 years are good news in the long run for Cummins (CMI.) The proposed rules are 10% tougher than...
July 12, 2016 @ 7:15 pm | Dividend Income Portfolio |
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...
October 12, 2015 @ 8:00 pm | Buy, CMI, Dividend Income Portfolio |
Cummins (CMI) is a cyclical that’s good at being a cyclical. Which is why I’ll be adding the stock to my JubakPicks Dividend Portfolio tomorrow. The shares closed today, October 12, at $111.98, down from the top of its 52-week range at $151 (and not too far off the...
May 29, 2013 @ 7:31 pm | Buy, 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...
February 2, 2011 @ 2:29 pm | Update |
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...
January 7, 2011 @ 11:27 am | Update |
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...
October 27, 2010 @ 12:27 pm | Update |
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...
September 27, 2010 @ 3:10 pm | Update |
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...
August 12, 2010 @ 10:30 am | Update |
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...
July 8, 2010 @ 11:00 am | Update |
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...
May 5, 2010 @ 10:58 am | Buy, 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...
April 26, 2010 @ 6:51 pm | Leading Indicators |
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...