Cummins Inc (CMI): Today's Featured Industrial Goods Winner
(
) pushed the Industrial Goods sector higher today making it today's featured industrial goods winner. The sector as a whole closed the day up 1.3%. By the end of trading, Cummins rose $1.79 (1.6%) to $112.62 on light volume. Throughout the day, 1,354,906 shares of Cummins exchanged hands as compared to its average daily volume of 1,888,600 shares. The stock ranged in a price between $111.33-$113.17 after having opened the day at $111.40 as compared to the previous trading day's close of $110.83. Other companies within the Industrial Goods sector that increased today were:
China Recycling Energy Corporation
(
), up 16.2%,
(
), up 11.1%,
(
), up 9.6% and
(
), up 9.4%.
Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, and engine-related component products. It operates in four segments: Engine, Components, Power Generation, and Distribution. Cummins has a market cap of $21.0 billion and is part of the industrial industry. Shares are up 2.3% year to date as of the close of trading on Monday. Currently there are 8 analysts that rate Cummins a buy, no analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
Cummins
as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.
- You can view the full Cummins Ratings Report.
On the negative front,
(
), down 10.6%,
(
), down 9.7%,
(
), down 6.8% and
(
), down 6.4% , were all laggards within the industrial goods sector with
(
) being today's industrial goods sector laggard.
- Use our industrial goods section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider
(
) while those bearish on the industrial goods sector could consider
(
).
- Find other investment ideas from our top rated ETFs lists.
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