In this article, we discuss 5 Best Stocks to Buy in 2021 According to Louis Navellier. If you want to read our detailed analysis of Navellier‘s history and hedge fund performance, go directly to 10 Best Stocks to Buy in 2021 According to Louis Navellier.
5. Cummins Inc. (NYSE: CMI)
Navellier’s Stake Value: $2,493,000
Percentage of Louis Navellier’s 13F Portfolio: 0.44%
No. of Hedge Fund Holders: 37
Cummins Inc. (NYSE: CMI) deals with the manufacturing of natural gas and diesel engines, as well as hybrid and electric powertrains.
The company reported a $603 million net income in Q1 2021, equivalent to $4.07 per diluted share. It performed better than the Q1 2020 net income of $511 million, or $3.41 per diluted share. Cummins declared a healthy quarterly dividend of $1.35 per share. FY 2021 revenue guidance has been raised to 20-24% compared to estimates of 12.26%
Cummins Inc. (NYSE: CMI) is optimistic that the ongoing COVID19 vaccinations will help restore economic activity, including the demand for its products. Its EBITDA forecast for 2021 is between 15.5% to 16.0%.
In April, the stock was upgraded at Jefferies to “Buy” from “Hold” with a price target of $325.