James Thorne Cummins CMI-N WATCH Feb 27, 2017

It is very cyclical and for some of them he thinks it is only mid way through the downturn. It is a good cash flow generator for sure.

Industrials usually show strength from January to May, but CMI-N has shown weakness earlier than expected. This has him worried about this company and this sector as a whole. Technical support has been broken as well, so he would not buy this.

Formerly made dirty truck engines, but now make EV chargers. The new CEO revealed their new zero-emission mandate.

A great industrial company that yields almost 3%, but industrials are selling off now because of higher interest rates. Cummins will come back, but it will take time, because a slowdown is hurting the industrials more than any sector.

A truck engine maker that has a subsidiary that makes hydrogen fuel cells. They're working on hydrogen-powered truck engines.

Industrials have outperformed the past few years. CMI's trucking has seen a modest improvement, but wants to see more. Earlier this year they went through a period of adjustment in freight.

They reported a blow-out quarter, sending shares 9% higher. They beat revenues in 4 of their 5 largest divisions, boasted expanded marginsThey are part of the transition to nuclear energy, even though it will likely get less support under Trump, at a pace that will match customer needs. Also, he likes their power systems business (generators, commercial power systems for buildings), timely during the data centre boom. Caveat: While only 9% of their sales come from China, those could be hit by Trump tariffs.