If there is such a thing as an investing based game show, then heavy engine manufacturer Cummins
is a strong candidate for a trivia question. The stock is up over 30%
in the last year, after recording flat revenue and an operating income
decline of 6.7% in 2013. In addition, customers in its truck engine
segment Paccar and Navistar (also a rival) are up around 40% and 50% respectively. What exactly is going on, and can it continue?
Cummins, Paccar, and Navistar
The answer to the trivia question above isn't as obvious as it may seem. A surging stock market has certainly helped pull these stocks higher, but they also rose for some stock-specific reasons. The main thing they have in common, is that the outlook for the North American trucking market is better than in 2013.
The answer to the trivia question above isn't as obvious as it may seem. A surging stock market has certainly helped pull these stocks higher, but they also rose for some stock-specific reasons. The main thing they have in common, is that the outlook for the North American trucking market is better than in 2013.
No comments:
Post a Comment