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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Apple's App Store growth picked up in July thanks to China, says Morgan Stanley

9:53 am ET August 7, 2019 (MarketWatch)

Morgan Stanley's Katy Huberty wrote Wednesday that growth rates for Apple Inc.'s (AAPL) App Store picked up in July following a slowdown throughout the June quarter. The App Store grew revenue by 19% in July, Huberty said, based on her analysis of third-party data, compared with 14% growth in June and 18% growth in May. The July reacceleration was driven by strength in China, according to Morgan Stanley, where App Store revenue rose 20%. "It is admittedly too early to make a call on September-quarter App Store results, especially considering the current geopolitical environment, but July App Store results represent a positive start to the quarter," Huberty wrote. She rates Apple's stock at overweight with a $247 target price. The stock is down 1.4% in Wednesday trading but up 23% so far this year, compared with a 9.4% gain for the Dow Jones Industrial Average in that time.

-Emily Bary; 415-439-6400;

(END) Dow Jones Newswires

August 07, 2019 09:53 ET (13:53 GMT)

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