Cummins Inc
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Industrials : Machinery | Large Cap ValueCompany profile

Cummins Inc. designs, manufactures, distributes and services diesel and natural gas engines and engine-related component products. The Company's segments include Engine, Distribution, Components and Power Systems. The Engine segment manufactures and markets a range of diesel and natural gas powered engines under the Cummins brand name, as well as certain customer brand names, for the heavy and medium-duty truck, bus, recreational vehicle (RV), light-duty automotive and agricultural markets. The Distribution segment consists of the product lines, which service and/or distribute a range of products and services, including parts, engines, power generation and service. The Components segment supplies products, including aftertreatment systems, turbochargers, filtration products and fuel systems for commercial diesel applications. The Power Systems segment consists of businesses, including Power generation, Industrial and Generator technologies.

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GE's stock sinks on heavy volume a day after announcing earnings, CFO departure

2:11 pm ET August 1, 2019 (MarketWatch)

Shares of General Electric Co. (GE) sank 3.9% in very active afternoon trading, extending the pullback in the wake of second-quarter results and the selloff in the broader stock market. Trading volume swelled to 49.5 million shares, enough to make GE's stock the most actively traded on major U.S. exchanges. On Wednesday, the stock had rallied as much as 2.6% in intraday trading after GE beat profit expectations ( but said Chief Financial Officer was stepping down after less than 2 years in the role. Gimme Credit analyst Carol Levenson reiterated her underperform rating on GE, saying she questioned the timing of the departure of Chief Financial Officer Jaimer Miller, but reversed course to close down 0.7%, weighed down by a sharp late selloff in the broader market ( on the back of disappointing rhetoric from the Federal Reserve. "We wonder about all these things, especially if things really are looking up, as management contends," Levenson wrote in a research note. On Thursday, the Dow Jones Industrial Average fell 193 points, reversing earlier intraday gains of as much as 311 points. GE's stock has now lost 0.6% over the past three months, while the Dow has gained 1.0%

-Tomi Kilgore; 415-439-6400;

(END) Dow Jones Newswires

August 01, 2019 14:11 ET (18:11 GMT)

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