At a meeting at the New York Stock Exchange, Cummins Inc. (CMI) has revealed that it expects to top its 2008 sales record of $14 billion during 2012. For 2014, the Indiana-based manufacturer and distributor of diesel and natural gas engines, electric power generation systems and engine-related components, fuel systems, controls and air handling systems has set a target of $20 billion in sales and Earnings before Interest and Taxes (EBIT) of 12.5% of sales.

Cummins’ optimism is based on several favorable trends in the long term. First, the emerging regulation of fuel economy and tightening of emission standards will help the company to boost its Engine and Components sales. Cummins’ Engine segment manufactures products for trucks, buses and recreational vehicles as well as for various industrial applications including construction, mining, agriculture, marine, oil and gas, rail and military. The company’s Components segment manufactures filtration and exhausts systems for industrial and

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I have no idea why Cummins Engine (CMI) is up 14% this AM to the $72s; I do see a news event involving Caterpillar (CAT), and Navistar but fail to see a direct connection - I could be missing the forest for the trees. Either way I am going to use this opportunity to cut back my position from a 1.6% stake to 0.6% (I actually bought some yesterday as it spiked downward to its 50 day moving average, but not enough of a stake to mention, so sort of lucked out on those shares)If anyone can decipher why that news is good for Cummins or if there is something else going on behind the scenes with this name, feel free to add a comment. We'll buy back on future pullbacks.[Apr 30: Cummins Engine Excellent Report on Strong International Sales]...

I am doing about 2 weeks worth of transactions in 1 day... exhausting. Just to avoid being a pig I am taking down my Cummins Engine (CMI) by 1/3rd. I restarted this position April 18 as a weak dollar, undervalued US multinational [Apr 18: Restarting Cummins Engine as the Rest of the World Moves on Without USA] in the $53s. I am now looking back at old holdings that are industrial in nature and am going back to Cummins Engine (CMI) - which has great exposure to India and China. This was a previous fund position, that I closed in November [Nov 13: Closing Cummins Engine] correctly anticipating a selloff and weak period for these type of names. Since then, on April 30th it reported excellent earnings [Apr 30: Cummins Engine Excellent Report on Strong International Sales] at which point I sold 200 of my 500 shares in ...