The last several months have been dreadful for the stock market. The averages are in correction territory while most individual stocks are down over 20% of which is defined as a bear market, observes value investor Russ Kaplan, editor of Heartland Advisor.

In my 33 years as an investment advisor, and prior years as an individual investor, I have seen many corrections and bear markets. 

My experience and my study of stock market history show that this is a part of investing and will no doubt happen again in the future.

The good news is that they do not last very long and that bull markets are much longer and bring the averages—and especially good stocks—even higher than they had been before. I see no reason why this is not the case now.

Meanwhile, this is actually one of the few times in history when the interest from quality stocks is higher than the interest in bonds. 

Such is the case with my newest recommendation—Cummins (CMI)—which makes engines.  While that does not sound very exciting, lots and lots of the things we use need an engine in order to operate.

And while you may not think an engine is high tech, the engines of today are far different from the engines made when Cummins was founded in 1919.

Throughout this time period, Cummins has been in the forefront of technological change. For example, in 1934 Cummins came up with the first 100,000-mile warranty.

Cummins stock price is down because of a weak global economy and global sales account for 48% of the company's sales. 

A major thing I have noticed over the years is economies go up and down and a good time to buy is when things are down.

Cummins sold at a recent price of $88 compared to its all time high of $161 in 2014. This, to me, is an extreme overreaction. 

Despite the weak global economy Cummins had a return on equity of 22%, hardly a company on the verge of bankruptcy. 

With its Value Line financial ranking of A+, Cummins can ride out any recession. In addition, with a phenomenal dividend of over 4%, you can wait for this to happen.

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