Latest news with #CMI
Yahoo
3 days ago
- Business
- Yahoo
Goldman Sachs Upgrades Cummins (CMI) Stock to Buy, Raises PT
On May 27, analysts at Goldman Sachs upped Cummins Inc. (NYSE:CMI)'s stock from 'Neutral' to 'Buy,' raising its price objective to $431 from the prior target of $410. This upgrade stems from the expectations of structurally higher profitability in the company's Power Systems business, thanks to the new pricing structure extending beyond data centers. A mechanic standing proudly in a factory floor surrounded by the engines the company produces. The upgrade also comes after the favorable outlook related to the Environmental Protection Agency (EPA)'s regulations for 2027. Additionally, the firm highlighted the observation that US truck demand expectations are now significantly lowered. Cummins Inc. (NYSE:CMI) reported sales of $1.6 billion from its Power Systems segment. The revenues in North America went up by 15%, while international sales rose 22%, primarily because of higher power generation demand, mainly for the data center market. In its Power Systems business, Cummins Inc. (NYSE:CMI) witnessed strong performance in both EBITDA dollars and percentage in Q1 2025 as it continues to benefit from operational improvements and strong end markets. The company plans to invest over $1 billion in its engine and power systems manufacturing operations in the US over the next few years. The new price target demonstrates Goldman Sachs' confidence in the company's ability to tackle the current market conditions. As the company evaluates the current manufacturing footprint and the exposure to tariff regulations, Cummins Inc. (NYSE:CMI) believes that it remains well-placed because it mainly produces engines and gensets in the markets where it sells them. Cummins Inc. (NYSE:CMI) is the leading manufacturer of diesel engines used in commercial trucks, off-highway equipment, and railroad locomotives, apart from standby and prime power generators. While we acknowledge the potential of CMI to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CMI and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None.
Yahoo
22-05-2025
- Business
- Yahoo
3 Overrated Stocks with Questionable Fundamentals
The stocks featured in this article are seeing some big returns. Over the past month, they've outpaced the market due to new product launches, positive news, or even a dedicated social media following. But not every company with momentum is a long-term winner, and plenty of investors have lost money betting on short-term fads. On that note, here are three stocks that are likely overheated and some you should look into instead. One-Month Return: +15.7% With more than half of the heavy-duty truck market using its engines at one point, Cummins (NYSE:CMI) offers engines and power systems. Why Are We Cautious About CMI? Sizable revenue base leads to growth challenges as its 6% annual revenue increases over the last two years fell short of other industrials companies 10.2 percentage point decline in its free cash flow margin over the last five years reflects the company's increased investments to defend its market position Eroding returns on capital suggest its historical profit centers are aging At $322.96 per share, Cummins trades at 11.1x forward EV-to-EBITDA. If you're considering CMI for your portfolio, see our FREE research report to learn more. One-Month Return: +12.6% Born from a corporate spinoff in 2017 to focus on employee experience technology, Alight (NYSE:ALIT) provides human capital management solutions that help companies administer employee benefits, payroll, and workforce management systems. Why Is ALIT Risky? Customers postponed purchases of its products and services this cycle as its revenue declined by 1.9% annually over the last five years Earnings per share have dipped by 3.5% annually over the past two years, which is concerning because stock prices follow EPS over the long term Below-average returns on capital indicate management struggled to find compelling investment opportunities, and its decreasing returns suggest its historical profit centers are aging Alight is trading at $5.47 per share, or 8.6x forward P/E. Read our free research report to see why you should think twice about including ALIT in your portfolio, it's free. One-Month Return: +67.7% Pivoting from its origins in cryptocurrency mining to become a key player in the AI infrastructure boom, Applied Digital (NASDAQ:APLD) designs and operates specialized data centers that provide high-performance computing infrastructure for artificial intelligence and blockchain applications. Why Are We Wary of APLD? Historically negative EPS is a worrisome sign for conservative investors and obscures its long-term earnings potential Negative free cash flow raises questions about the return timeline for its investments Limited cash reserves may force the company to seek unfavorable financing terms that could dilute shareholders Applied Digital's stock price of $6.76 implies a valuation ratio of 11.8x forward EV-to-EBITDA. Dive into our free research report to see why there are better opportunities than APLD. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today for free. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
21-05-2025
- Entertainment
- Cision Canada
Snotty Nose Rez Kids & Aysanabee Headline Kamamooshkaming Sagiiwehwining - A FREE Indigenous Music & Arts Festival in Downtown Toronto
MAY 30-31, 2025 SANKOFA SQUARE TORONTO, May 21, 2025 /CNW/ - With just over a week to go, the Gord Downie & Chanie Wenjack Fund (DWF), in partnership with Canada's Music Incubator (CMI) and Sankofa Square (formerly Yonge-Dundas Square), is thrilled to unveil the full lineup, schedule, and market details for Kamamooshkaming Sagiiwehwining: Indigenous Music & Arts Festival, taking place May 30 and 31, 2025, at Sankofa Square in the heart of downtown Toronto. Gifted the Anishinaabemowin name Kamamooshkaming (kah-ma-moosh-kaa-ming) Sagiiwehwining (sah-gee-way-winning) – meaning "Coming Together in a Good Way" – this FREE, all-ages festival brings together artists, musicians, Elders, Knowledge Keepers, and community members for two days of performances, workshops, and celebration. On Friday, May 30, DWF will welcome schools and youth from across Toronto for a half-day of interactive learning and cultural connection, featuring special performances by DWF Artist Ambassadors. Students will explore various learning stations focused on Indigenous history, language, and culture. The educational experience will set the stage for a weekend of free public concerts, showcasing JUNO Award-winning artists alongside emerging and established Indigenous talent. Kamamooshkaming Sagiiwehwining is funded in part by the Government of Canada, through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario). We are grateful to all of our partners and sponsors who have made this event possible, including Emerging Artist Sponsor OLG, Venue & Production Sponsor Sankofa Square, and ReconciliACTION Sponsors Metrolinx and PATTISON Outdoor. "We're honoured to once again collaborate with CMI and Sankofa Square to mark the beginning of Indigenous History Month with Kamamooshkaming Sagiiwehwining. The festival is a powerful reminder of the role that music, art, and coming together can play in moving reconciliation forward. By centring Indigenous voices and experiences, we're strengthening relationships between Indigenous and non-Indigenous people and creating opportunities for everyone in Canada to learn, reflect, and connect." — Sarah Midanik, President & CEO, the Gord Downie & Chanie Wenjack Fund "Red Music Rising is so excited to play a role in Kamamooshkaming Sagiiwehwining, alongside DWF, CMI and Sankofa Square. What a pleasure to have members of our roster among the incredible talent on offer this year. Chiimiigwetch to all the event partners, sponsors and artists – we can't wait to celebrate with you!" Matt Maw, President, Lead Artist Manager, Red Music Rising "Sankofa Square is delighted to be the gathering place for Kamamooshkaming Sagiiwehwining, a truly meaningful event that embodies the spirit of coming together in a good way. This festival resonates with our commitment to being a vibrant and inclusive public space, and we are proud to be one of the partners on this exciting initiative to showcase the incredible talent and rich culture of Indigenous artists." — Julian Sleath, General Manager, Sankofa Square Join us May 30–31 for Kamamooshkaming Sagiiwehwining at Sankofa Square – where we'll be coming together in a good way with music, art, and education. Visit for artist bios, vendor details, and more. GORD DOWNIE & CHANIE WENJACK FUND Holly Claeys Lead, Marketing and Communications [email protected] | 519-964-0393 ext. 10 CANADA'S MUSIC INCUBATOR Sara Gómez CMI Live Coordinator (and contact for interviews with Sebastian Gaskin) [email protected] SANKOFA SQUARE Marnie Grona Manager, Marketing and Communications [email protected] | 416-979-0060 ext. 125 PARTNER INFORMATION: ABOUT THE GORD DOWNIE AND CHANIE WENJACK FUND: Inspired by Chanie's story and Gord's call to build a better Canada, the Gord Downie & Chanie Wenjack Fund aims to build cultural understanding and create a path toward reconciliation between Indigenous and non-Indigenous peoples. Our goal is to improve the lives of Indigenous people by building awareness, education, and connections between all peoples in Canada. ABOUT CANADA'S MUSIC INCUBATOR: Canada's Music Incubator (CMI) is a national not-for-profit organization specializing in professional development, live events, and ongoing mentorship for emerging artists, managers, and music companies. CMI curates live performance opportunities nationally to spotlight artists of all genres, with an emphasis on community, diversity, inclusion, and accessibility. ABOUT SANKOFA SQUARE: Sankofa Square (formerly Yonge-Dundas Square) is a bustling gathering place for millions of visitors each year. Established in 2004, the Square hosts hundreds of diverse events, including community-based festivals, concerts, public art, and commercial experiences. The Square is an open space that welcomes everyone. It is managed by the Sankofa Square Board of Management, a City of Toronto agency. ABOUT FEDDEV ONTARIO: For nearly 16 years, the Government of Canada, through FedDev Ontario, has worked to advance and diversify the southern Ontario economy through funding opportunities and business services that support innovation, growth and job creation in Canada's most populous region. The Agency has delivered impressive results, which can be seen in southern Ontario businesses that are creating innovative technologies, improving productivity, growing revenues, creating jobs, and in the economic advancement of communities across the region. Learn more about the impact the Agency is having in southern Ontario by exploring our investment profiles, our Southern Ontario Spotlight, and FedDev Ontario's X, Facebook, Instagram and LinkedIn accounts
Yahoo
21-05-2025
- Entertainment
- Yahoo
Snotty Nose Rez Kids & Aysanabee Headline Kamamooshkaming Sagiiwehwining - A FREE Indigenous Music & Arts Festival in Downtown Toronto
MAY 30-31, 2025SANKOFA TORONTO, May 21, 2025 /CNW/ - With just over a week to go, the Gord Downie & Chanie Wenjack Fund (DWF), in partnership with Canada's Music Incubator (CMI) and Sankofa Square (formerly Yonge-Dundas Square), is thrilled to unveil the full lineup, schedule, and market details for Kamamooshkaming Sagiiwehwining: Indigenous Music & Arts Festival, taking place May 30 and 31, 2025, at Sankofa Square in the heart of downtown Toronto. Gifted the Anishinaabemowin name Kamamooshkaming (kah-ma-moosh-kaa-ming) Sagiiwehwining (sah-gee-way-winning) – meaning "Coming Together in a Good Way" – this FREE, all-ages festival brings together artists, musicians, Elders, Knowledge Keepers, and community members for two days of performances, workshops, and celebration. ARTIST LINEUP SNOTTY NOSE REZ KIDS ⧫ AYSANABEETIA WOOD ⧫ SEBASTIAN GASKIN ⧫ DRIVES THE COMMON MANJULIAN TAYLOR ⧫ SHAWNEE KISHREUBEN AND THE BULLHORN SINGERSTHEA MAY ⧫ DJ CLASSIC ROOTS ⧫ NOELLE ⧫ ILA BARKERWITH HOST THELAND KICKNOSWAY ARTISAN MARKET VENDORS RIKSWORKS ⧫ NEECHI BY NATURE ⧫ PACHA INDIGENOUS ART COLLECTIONBEADWORK BY NANCY AND FAMILY ⧫ TREY ROBINSON ART WORKSNISH BISH DESIGNS ⧫ INDIGENOUS BIJOUX ⧫ LITTLE WIGGLY ARTPRE&PERI ⧫ 2-SPIRITED PEOPLE OF THE 1ST NATIONS ⧫ PETER BIDGETTY ART On Friday, May 30, DWF will welcome schools and youth from across Toronto for a half-day of interactive learning and cultural connection, featuring special performances by DWF Artist Ambassadors. Students will explore various learning stations focused on Indigenous history, language, and culture. The educational experience will set the stage for a weekend of free public concerts, showcasing JUNO Award-winning artists alongside emerging and established Indigenous talent. Kamamooshkaming Sagiiwehwining is funded in part by the Government of Canada, through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario). We are grateful to all of our partners and sponsors who have made this event possible, including Emerging Artist Sponsor OLG, Venue & Production Sponsor Sankofa Square, and ReconciliACTION Sponsors Metrolinx and PATTISON Outdoor. "We're honoured to once again collaborate with CMI and Sankofa Square to mark the beginning of Indigenous History Month with Kamamooshkaming Sagiiwehwining. The festival is a powerful reminder of the role that music, art, and coming together can play in moving reconciliation forward. By centring Indigenous voices and experiences, we're strengthening relationships between Indigenous and non-Indigenous people and creating opportunities for everyone in Canada to learn, reflect, and connect." — Sarah Midanik, President & CEO, the Gord Downie & Chanie Wenjack Fund "Red Music Rising is so excited to play a role in Kamamooshkaming Sagiiwehwining, alongside DWF, CMI and Sankofa Square. What a pleasure to have members of our roster among the incredible talent on offer this year. Chiimiigwetch to all the event partners, sponsors and artists – we can't wait to celebrate with you!" Matt Maw, President, Lead Artist Manager, Red Music Rising "Sankofa Square is delighted to be the gathering place for Kamamooshkaming Sagiiwehwining, a truly meaningful event that embodies the spirit of coming together in a good way. This festival resonates with our commitment to being a vibrant and inclusive public space, and we are proud to be one of the partners on this exciting initiative to showcase the incredible talent and rich culture of Indigenous artists."— Julian Sleath, General Manager, Sankofa Square Join us May 30–31 for Kamamooshkaming Sagiiwehwining at Sankofa Square – where we'll be coming together in a good way with music, art, and education. Visit for artist bios, vendor details, and more. MEDIA CONTACTSPlease note: At this time, only English-speaking artists are available for interviews. GORD DOWNIE & CHANIE WENJACK FUNDHolly ClaeysLead, Marketing and Communicationsholly@ | 519-964-0393 ext. 10 CANADA'S MUSIC INCUBATORSara GómezCMI Live Coordinator (and contact for interviews with Sebastian Gaskin)sara@ SANKOFA SQUAREMarnie Grona Manager, Marketing and Communicationsmarnie@ | 416-979-0060 ext. 125 PARTNER INFORMATION:ABOUT THE GORD DOWNIE AND CHANIE WENJACK FUND: Inspired by Chanie's story and Gord's call to build a better Canada, the Gord Downie & Chanie Wenjack Fund aims to build cultural understanding and create a path toward reconciliation between Indigenous and non-Indigenous peoples. Our goal is to improve the lives of Indigenous people by building awareness, education, and connections between all peoples in Canada. ABOUT CANADA'S MUSIC INCUBATOR: Canada's Music Incubator (CMI) is a national not-for-profit organization specializing in professional development, live events, and ongoing mentorship for emerging artists, managers, and music companies. CMI curates live performance opportunities nationally to spotlight artists of all genres, with an emphasis on community, diversity, inclusion, and accessibility. ABOUT SANKOFA SQUARE: Sankofa Square (formerly Yonge-Dundas Square) is a bustling gathering place for millions of visitors each year. Established in 2004, the Square hosts hundreds of diverse events, including community-based festivals, concerts, public art, and commercial experiences. The Square is an open space that welcomes everyone. It is managed by the Sankofa Square Board of Management, a City of Toronto agency. ABOUT FEDDEV ONTARIO: For nearly 16 years, the Government of Canada, through FedDev Ontario, has worked to advance and diversify the southern Ontario economy through funding opportunities and business services that support innovation, growth and job creation in Canada's most populous region. The Agency has delivered impressive results, which can be seen in southern Ontario businesses that are creating innovative technologies, improving productivity, growing revenues, creating jobs, and in the economic advancement of communities across the region. Learn more about the impact the Agency is having in southern Ontario by exploring our investment profiles, our Southern Ontario Spotlight, and FedDev Ontario's X, Facebook, Instagram and LinkedIn accounts SOURCE The Gord Downie & Chanie Wenjack Fund View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
20-05-2025
- Business
- Globe and Mail
Insiders are Buying These 3 Stocks
Investors closely monitor insider buys, as they can give hints surrounding the long-term picture. But it's critical to note that insiders have a longer holding period than most, and many strict rules apply to their transactions. Recently, insiders of several companies – Cummins CMI, Caterpillar CAT, and Southwest Airlines LUV – have made splashes, acquiring shares. Let's take a closer look at the transactions for those interested in trading like the insiders. CMI Shares Soar A director of Cummins recently acquired 1k CMI shares, with the total transaction value totaling just under $340k. CMI shares have been notably strong over the last month thanks to its latest set of better-than-expected results, up more than 20% and widely outperforming relative to the S&P 500. Still, despite the positivity concerning the recent insider buy, the stock's EPS outlook remains under pressure, and investors would be better off waiting until positive earnings estimate revisions hit the tape consistently. We've begun to see some positive revisions trickle in already for its current fiscal year, with the current $20.95 Zacks Consensus EPS estimate up from the original $20.77 per share estimate at the beginning of May. LUV Insider Steps In A director of Southwest Airlines stepped up big in early May, acquiring roughly 3.7k LUV shares at a total cost of $100k. It was a sizable purchase, increasing their total shares held by nearly 25%. Similar to CMI, Southwest shares have been red-hot over the past month thanks to its latest set of quarterly results, up more than 35% compared to the S&P 500's 15% gain. CAT Keeps Paying Shareholders A director of Caterpillar recently acquired 375 CAT shares at a total transaction value of roughly $120k. It's worth noting that the same director has consistently bought shares over recent years, underpinning their confidence in the long-term outlook of the company. CAT has long displayed a shareholder-friendly nature, holding the ranks of a Dividend Aristocrat. Shares currently yield a solid 1.6% annually, with the company also sporting a 7.7% five-year annualized dividend growth rate. Below is a chart illustrating the company's dividends paid on an annual basis. Bottom Line Many investors closely monitor insider buys, looking to receive insights into the longer-term picture. The transactions shouldn't be relied on for near-term performance, as insiders' holding periods are longer than most, and many strict rules apply. Rather, investors can see insider buys as an overall net positive concerning the longer-term outlook. All large-cap stocks above – Cummins CMI, Caterpillar CAT, and Southwest Airlines LUV – have seen recent insider activity. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Caterpillar Inc. (CAT): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report Cummins Inc. (CMI): Free Stock Analysis Report
