2. As of noon trading, Cummins ( CMI) is up $1.14 (1.1%) to $106.62 on light volume Thus far, 729,947 shares of Cummins exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $105.27-$107.38 after having opened the day at $105.27 as compared to the previous trading day's close of $105.48.

Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, and engine-related component products worldwide. It operates in four segments: Engine, Components, Power Generation, and Distribution. Cummins has a market cap of $20.1 billion and is part of the industrial goods sector. The company has a P/E ratio of 11.1, below the S&P 500 P/E ratio of 17.7. Shares are up 20.3% year to date as of the close of trading on Thursday. Currently there are 8 analysts that rate Cummins a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Cummins as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, 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 sub par growth in net income. Get the full Cummins Ratings Report now.

EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass

If you liked this article you might like

Jim Cramer -- Caterpillar Earnings Aren't Likely to Be Good

5 Things You Must Know Before the Market Opens Wednesday

Markets Await Federal Reserve Decision on Wednesday

Week Ahead: Fed Takes Spotlight as Countdown Begins for Highly Anticipated Meeting

Slim Pickings for Thanksgiving in Value Land