Technical Analysis on Dover Corp. and Cummins Inc. - Cloudy Outlook
for Diversified Machinery
NEW YORK, NY -- (Marketwire) -- 11/09/12 -- Companies within the
diversified machinery industry turned in mixed results as a whole in
the third quarter. Several impressed with wider margins, improved
profits and increased revenues but also drew attention to uneven
demand amidst global economic uncertainty. Specifically, recent
results from Dover Corp. and Cummins Inc., were both encouraging
while also giving reason to be cautious. StBulls.com has initiated
technical analysis on Dover Corp. (NYSE: DOV) and Cummins Inc. (NYSE:
CMI) which serves the Diversified Machinery industry. These reports
are free upon registration. Rest assured that there is no financial
commitment to sign up on
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Positive reports were frequently tempered by declining sales in
certain markets. Namely, electronics, automotive and energy
end-markets are all showing signs of weakness at this time. Machinery
makers with strong ties to these are particularly vulnerable.
Investors may want to look closely at revenue breakdowns to mitigate
exposure to waning demand. Read our technical analysis on Dover Corp.
by clicking on
Many are taking a proactive approach to demand uncertainty though.
Projects are being delayed or canceled, workforces reduced, output
cut and expenses slashed. These efforts should help soften the
effects of uneven demand but will likely make significant gains
difficult. Our technical analysis on Cummins Inc. is accessible at
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