Jason Brown talks about today’s Big 3 and walks through example trades for each of his picks. He highlights Cummins (CMI) by pointing to an opportunity to participate in the AI boom. Jason also discusses Boeing (BA), questioning if they can maintain quality while expanding their plane building portfolio. He sees Marsh &amp; McLennan (MRSH) as an opportunity with shares nearing 52-week lows. Charles Schwab&#x27;s Kevin Horner walks us through the stock chart technicals. ======== Schwab Network ======== Empowering every investor and trader, every market day. Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6D Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185 Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7 Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore Watch on DistroTV - https://www.distro.tv/live/schwab-network/ Follow us on X – https://twitter.com/schwabnetwork Follow us on Facebook – https://www.facebook.com/schwabnetwork Follow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

The Big 3: CMI, BA, MRSH

Schwab Network

# Full Transcript

**Podcast:** Schwab Network

## Participants

- **Marlee Kaden** (Schwab Network)
- **Kevin Horner** (Charles Schwab)
- **Jason Brown** (thebrownreport.com)

## Transcript

Welcome back to Trading 360. I'm Marlee Kaden. It's time for the Big 3. We've got three stocks, three charts and three trades for you. Kevin Horner joining us to take us through the charts today. Here to take us through the trades, Jason Brown, stock market expert at thebrownreport.com and the author of Five Year Millionaire. Great to have you both with us. Jason, we've got a nice green day to close out the week here. We've got a new Fed chair. We've got peace. I'm crossing my fingers there because it hasn't been signed yet. What are your thoughts here on this market action we're seeing today?

Yeah, so we've got the holiday trading short week here. And with the market sitting near all-time highs, even though it's slightly green today, it's bigger than it was yesterday, we're still having an inside day. So I'm bullish, but I'm cautiously bullish at these all-time highs. But we'll take it. We've got good news with the peace deal, or at least the discussion to be discussed, the discussion of the peace deal. And so we hope that manifests into something more material and long-term and we can move past this.

All right, that's more caution than I usually hear from you. So interesting take there. All right, let's dive into the big three here. You've got Cummins as your first pick. My second day in a row talking about them. They got their upgrade yesterday from Wells Fargo. We saw a really nice pop on this name. It's continuing to move higher this morning. So take me through your thoughts here. Yeah, so what I like about Cummins is most people are known for their diesel engines and trucks and buses and heavy-duty equipment.

So they're pretty much known for making the engines and generators and power systems that help move goods across the world. But recently they announced a partnership with Circle Energy to supply natural gas generators for AI data centers through 2030. And what that does is it gives them a growth trajectory and an opportunity to participate in this AI boom. And they don't have to be a manufacturer of chips.

I've said this before on the show that the picks and shovels play is the people who are the ones that provide the energy and infrastructure to the ones who want to create the chips, as well as the ones who want to build data centers that people can run the applications on the back of. But I love that Cummins doesn't have to sell their product or service or build the best software. They can help support the people that want to do that. So I love this path of growth for the company.

And then technically speaking, I know he's going to get into the charts, but we got a nice W pattern bounce off the 50-day moving average. The stocks appear to be breaking above its 52-week high, so I see more upside from here. All right. So, Kevin, as we look at ...

The Big 3: CMI, BA, MRSH

Transcript

Built for investment professionals

Every day you wait, your competitors are finding
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The Big 3: CMI, BA, MRSH

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.