Diamonds and Dogs

7/28/20

Cummins (CMI) is reviving up their engines. The stock is up 5% to a 52-week high following better than expected earnings. Cummins easily beat estimates even as sales fell 38% to $3.85 billion. Cummins expects sales to improve in the third quarter as their facilities went from complete shutdown to producing record volumes by the end of the second quarter. Not bad.

3M (MMM) taking a hit. 3M is down 5% following disappointing earnings as sales fell 12% to $7.18 billion. Strong mask sales were not able to overcome the "significantly impacted" on other divisions by the COVID-19 pandemic.

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