© Reuters. Paccar vs. Cummins: Which Stock is a Better Buy?
With many auto stocks on fire over the past couple months, Patrick Ryan though it would interesting to compare Paccar (NASDAQ:) and Cummins (NYSE:). PCAR sells trucks, while CMI makes engines. But which is the better buy now? Read more to find out.Paccar (PCAR) and Cummins (CMI) are auto industry stocks with considerable potential. Both of these stocks have steadily increased over the past six months. Check out the charts for PCAR and CMI across the prior year, and you will find both ascended during that time as well.
Now that life is gradually returning to normal, the demand for vehicles and their components will increase. PCAR and CMI both stand to benefit from the return to normalcy as many more people will be hitting the road for travel, vacation, etc.
Will PCAR or CMI fare better than the other in the months ahead? Or will both of these stocks continue to ascend? Below, we attempt to answer these questions.
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