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Cummins (CMI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Cummins (CMI) concluded the recent trading session at $292.70, signifying a +0.79% move from its prior day's close.
Since my article in December, shares of Cummins have sharply rallied and vastly outperformed the S&P 500 index. The industrial sector topped the analyst consensus for revenue while missing on adjusted diluted EPS in Q4. Cummins still boasts an A credit rating from S&P on a stable outlook.
Cummins (NYSE: CMI) stock price has silently surged to a record high, joining other industrial giants like Emerson Electric, Rolls-Royce, and Illinois Tool Works. It has jumped for three straight weeks, reaching a record high of $295.
It makes diesel engines but it also invests in practically everything else.
In the closing of the recent trading day, Cummins (CMI) stood at $294.69, denoting a +0.98% change from the preceding trading day.
In the most recent trading session, Cummins (CMI) closed at $281.01, indicating a -1.79% shift from the previous trading day.
The split-off represented a rare opportunity for small investors to get more lucrative terms than big investors.
Cummins (CMI) concluded the recent trading session at $270.24, signifying a +0.17% move from its prior day's close.
Jennifer Rumsey, Cummins CEO and Business Roundtable energy & environment committee chair, joins 'Squawk Box' to discuss the state of the economy, SEC's climate change disclosure rules, the company's commercial EV bet, workforce development, and more.