U.S. equities powered to fresh record highs by midday Tuesday as blowout guidance from Palantir Technologies Inc. (NASDAQ:PLTR) and a Caterpillar Inc. (NYSE:CAT) earnings beat reignited the AI trade, while crude oil tumbled more than 5% on growing conviction that a deal to reopen the Strait of Horm…
Cummins Inc. (NYSE:CMI) stock traded lower Tuesday after the power solutions company reported second-quarter 2026 results, as an earnings miss outweighed record revenue and a raised full-year sales outlook.Revenue rose 9% to $9.457 billion from $8.643 billion and beat the $9.330 billion estimate. D…
Record Q2 sales and EBITDA were driven by robust global demand, especially in power generation and data centers. The company raised its 2026 revenue and margin outlook, announced major capacity expansions, and increased its dividend, while navigating regulatory and capacity challenges.Based on Cumm…
Cummins Inc. NYSE:CMI today reported results for the second quarter of 2026.“Cummins delivered record second-quarter results, reflecting robust customer orders for standby power for data centers and improving North American truck markets,” said CEO Jennifer Rumsey.“Rising demand and disciplined exe…
Cummins Inc. (NYSE: CMI) today announced updates to its Model Year 2027 North American on-highway product launch plans following its review of the U.S. Environmental Protection Agency’s recently proposed changes to upcoming emissions regulations.Based on the proposed rule, Cummins intends to use th…
What Happened? A number of stocks fell in the afternoon session after Iran's missile attack on commercial tankers near the Strait of Hormuz pushed oil prices higher and revived inflation fears, a double blow for the industrial sector squeezed simultaneously by rising fuel costs and rising borrowing…
The U.S. auto market held up better than many expected in the first half of 2026. June vehicle sales remain close to the pace seen over the previous three months, signaling a period of stability after a volatile start to the year. Despite geopolitical tensions, elevated fuel prices, and an uncertai…
(12:15 GMT) Cummins Price Target Raised to $901.00/Share From $815.00 by Truist Securities
