Stocks: Why I Like Atmus Filtration (ATMU) Right Now!

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Several people here know that I follow the stock market closely. One deal I talked about back around Feb.-March was an exchange offer deal involving 2 companies (Cummins Engine (CMI) and Atmus Filtration (ATMU)). Just so you know that deal worked out REALLY WELL for those who did it.

Now, I have a different opportunity. Forget about Cummins- this deal is for buying shares of Atmus Filtration (ATMU) right now at around Thursday's closing price of $33.94.

Let me back up and say that during the exchange offer I made over $5,000 doing the Cummins/Atmus exchange. Since then I have traded ATMU close to 40 times (including 3 today where I made another $700+). I have made money on each and every ATMU trade, although I did have to double down on perhaps 3-5 or so of the trades.

The stock hit a new 52-week high today and I like the fact that it did it on only a bit more than half their average volume. That tells me this is a bit of a hidden gem and I do sincerely mean that. The stock, even after a nice move, sports a P/E (price to earnings) ratio of just 16. Wow! That is something, which, when discovered, could really run a bit. People like Gary Kaltbaum of Investor's Edge and Investor's Business Daily track strong stocks like this. If anyone like that notifies their clientele, watch for a continued move higher with larger volume than today.

Please, don't go in with everything you have and be vulnerable if it pulls back 10-20%. Any stock could do that! On the other hand, on Monday, August 5th, when the Japanese market had gone down 25% in just 2-3 days, this stock actually went UP! That is a really strong testament right there.

Oh yeah, this is my early nomination for Rookie of the Year for 2024. It has done really well this year and today hit a new high after going pretty much sideways for about 4 months. In other words, this stock was taking a breather after another sharp move up earlier this year.

[silverflake]

Thanks Steve, it's on the radar!