Joy Global Inc. (JOY): Today's Featured Industrial Goods Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Joy Global (JOY) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day down 0.3%. By the end of trading, Joy Global fell 70 cents (-1%) to $67.70 on light volume. Throughout the day, 1.2 million shares of Joy Global exchanged hands as compared to its average daily volume of two million shares. The stock ranged in price between $67.54-$68.25 after having opened the day at $68.03 as compared to the previous trading day's close of $68.40. Other companies within the Industrial Goods sector that declined today were: Clean Diesel Technologies (CDTI), down 7.1%, NF Energy Saving (NFEC), down 6.2%, CECO Environmental (CECE), down 5.7%, and Euro Tech Holdings Company (CLWT), down 5.7%.

• EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Joy Global Inc. engages in the manufacture and servicing of mining equipment for the extraction of coal, copper, iron ore, oil sands, and other minerals. It operates in two segments, Underground Mining Machinery and Surface Mining Equipment. Joy Global has a market cap of $7.23 billion and is part of the industrial industry. The company has a P/E ratio of 9.5, below the S&P 500 P/E ratio of 17.7. Shares are up 7% year to date as of the close of trading on Tuesday. Currently there are 14 analysts that rate Joy Global a buy, one analyst rates it a sell, and three rate it a hold.

TheStreet Ratings rates Joy Global as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

• You can view the full Joy Global Ratings Report.

• Use our industrial goods section to find sector-relevant news.
• Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider Industrial Select Sector SPDR (XLI) while those bearish on the industrial goods sector could consider ProShares Short Dow 30 (DOG).

• Find other investment ideas from our top rated ETFs lists.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.

For more information on Joy Global Inc. click any of the following:

• Joy Global Inc. Stock Price

• Joy Global Inc. Analyst Ratings

• Joy Global Inc. Key Stats & Profile

• Joy Global Inc. Earnings

• Joy Global Inc. Ratio Comparison

• Joy Global Inc. Growth Rates

• Joy Global Inc. Balance Sheet

• Joy Global Inc. Cash Flow

• Joy Global Inc. Income Statement