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Is Cummins Inc. (CMI) A Good Stock To Buy Now?

Is CMI a good stock to buy? We came across a bullish thesis on Cummins Inc. on Jimmy’s Journal’s Substack by Jimmy Investor. In this article, we will summarize the bulls’ thesis on CMI. Cummins Inc.'s share was trading at $685.87 as of June 26th. CMI’s trailing and forward P/E were 35.63 and 23.98 respectively according to Yahoo Finance.

[caption id="attachment_520300" align="aligncenter" width="750"] Copyright: zenstock / 123RF Stock Photo[/caption]

Cummins Inc. offers various power solutions worldwide. CMI is increasingly being re-rated from a cyclical diesel engine...