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Stocks C / Cummins Engine Company


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.

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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