CumminsNYSE: CMI

Several auto stocks are starting to stand out as new additions to the Zacks Rank #1 (Strong Buy) list this week.

Cummins (CMI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Here is how Cummins (CMI) and Honda Motor (HMC) have performed compared to their sector so far this year.

Since I last covered Cummins with a hold rating in April, shares have dipped 12%. The company's net sales and adjusted diluted EPS fell modestly in Q1, but the fundamentals arguably remain intact. Cummins' already impressive financial health is improving.

SAN DIEGO, CA / ACCESSWIRE / June 11, 2024 / Johnson Fistel, LLP is investigating potential claims on behalf of Cummins Inc. (NYSE:CMI) against certain of its officers and directors to hold them responsible for damages they allegedly caused the company to suffer. If you have continuously owned Cummins Inc. (NYSE:CMI) shares, you have certain legal rights as a shareholder.

Cummins has consistently achieved double-digit annual returns and dividend growth in a cyclical industry. Since January 2004, CMI shares have returned 17.6% annually, outperforming the S&P 500. Despite a decline in manufacturing demand, Cummins' shares have risen 11% since February 8, showcasing its resilience.

Many investors closely monitor insider buys, as they can provide a high level of confidence and conviction.

COLUMBUS, Ind.--(BUSINESS WIRE)-- #cummins--Accelera™ by Cummins, the zero-emissions business segment of Cummins Inc. [NYSE: CMI], has launched the next generation of several of its cutting-edge decarbonizing technologies that are shaping the future of clean transportation. New versions of its hydrogen fuel cell engines, a high efficiency eAxle, and its next-generation batteries are among the new products Accelera unveiled at this year's Advanced Clean Transportation (ACT) Expo on May 20 in Las Vegas. “Ac.

Cummins Inc. and Valvoline Global Operations honored Andrew McDougall at the Indianapolis Motor Speedway for winning the 2024 Louis Schwitzer Award for his Xtrac Electric Servo Actuator, now used in the NTT INDYCAR SERIES. McDougall also received a $10,000 prize from Cummins, Valvoline Global, and the Indiana Section of the Society of Automotive Engineers (SAE) International.