Industrials continue to perform well. Engine maker, Cummins (CMI) is up 6% after easily beating earnings estimates while sales fell 1.6% to $8.32 billion, ahead of estimates. Cummins did not provide any guidance but expects their strong third quarter results to persist as demand remains strong for their power systems backup power for AI data centers getting built around the country. Cummins anticipates reinstating their financial guidance in February.

Under Armour (UAA) going the wrong way. The athletic apparel and shoe company is down 4% making a new 52 week low after swinging to a quarterly loss and lowering 2026 sales guidance. Under Armour is facing higher supply chain costs due to tariffs while also seeing slower demand with consumers switching to rival shoes and apparel. The stock has not performed well the last several years down 75% from the highs set last year.

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