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Stocks C / Cummins Engine Company

URL:  https://boards.fool.com/truck-orders-fall-32233495.aspx

Subject:  Truck Orders Fall Date:  5/5/2016  6:43 PM
Author:  jhawker85 Number:  83 of 86

I think that CMI has some downside right now. A little surprised at its recent run up. May be some good buying opportunities later if it does pull back based on current forecasts.

http://www.wsj.com/articles/truck-orders-fall-in-april-14623...

Engine maker Cummins Inc. said on Tuesday it doesn’t expect any improvement in the truck market later in the year. It now expects heavy-duty truck production in North America to be at 210,000 vehicles this year, down 5% from its earlier view and down 28% from 2015’s actual volume. Cummins’ first-quarter sales of diesel engines to the heavy-duty truck market dropped 17% from a year earlier to $631 million.

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