Great American Stocks to Buy – Cummins (CMI)
An engine manufacturer may not be the most riveting investment idea out there, but what Cummins (CMI) lacks in pizzazz it more than makes up for with raw marketability. Its engines are known for being reliable, which is why you’ll find them being used in a variety of ways, ranging from powering diesel generators to pulling tractor trailers around.
There’s nothing more American-picturesque than an 18-wheeler driving into the sunset.
What makes CMI one of the top American stocks to buy here and now, however? Not only are Cummins engines reliable, they’re now remarkably fuel-efficient.
The recently unveiled Cummins/Peterbilt tractor is reported to be 75% more fuel-efficient than other rigs on the road, achieving 10.7 miles per gallon of diesel fuel vs. the more typical 6 miles per gallon other heavy-duty hauling trucks get. That translates into a huge savings for trucking companies … another American ideal.
As of this writing, James Brumley did not hold a position in any of the aforementioned securities.