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]...

Say no more, General Electric's (NYSE:GE) beat up shares finally caught the attention of Barron's.  GE is of course the second largest U.S. company and Barron's sees limited downside as investors can now make a better case for buying the stock.  You have to pay Barron's to read the article but thanks to Reuters for informing the masses. The company's shares, which are down about 18 percent year-to-date, have fallen out of favor with investors, Barron's said, but are now trading in line with the price-to-earnings multiples of companies in comparable industries. The article also said that GE Chief Executive Jeff Immelt continues to buy shares. The chief executive of General Electric Co  bought 115,000 shares of the conglomerate on May 28th, according to a regulatory filing. In a U.S. Securities and Exchange Commission filing, Jeffrey Immelt said he bought the ...