Today, Brendan discusses some potentially bad news for manufacturing companies. Investors dumped Cummins after it cut its full-year revenue forecast from a 10% gain over the previous year, back to even. Although the company did increase its dividend and still feels optimistic about future potential, the near-term manufacturing state looks less promising. Headwinds in the manufacturing sector, especially in BRIC nations, could push Caterpillar, Deere, and other cyclical stocks down after earnings reports. Check out the video below for more on why, despite this, Brendan thinks these stocks are looking cheap, and might be even more attractive after earnings.
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