NEW YORK, NY--(Marketwire - Nov 9, 2012) - Companies within the diversified machinery industry turned in mixed results as a whole in the third quarter. Several impressed with wider margins, improved profits and increased revenues but also drew attention to uneven demand amidst global economic uncertainty. Specifically, recent results from Dover Corp. and Cummins Inc., were both encouraging while also giving reason to be cautious. StBulls.com has initiated technical analysis on Dover Corp. (
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Positive reports were frequently tempered by declining sales in certain markets. Namely, electronics, automotive and energy end-markets are all showing signs of weakness at this time. Machinery makers with strong ties to these are particularly vulnerable. Investors may want to look closely at revenue breakdowns to mitigate exposure to waning demand. Read our technical analysis on Dover Corp. by clicking on
Many are taking a proactive approach to demand uncertainty though. Projects are being delayed or canceled, workforces reduced, output cut and expenses slashed. These efforts should help soften the effects of uneven demand but will likely make significant gains difficult. Our technical analysis on Cummins Inc. is accessible at
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