Joy Global Inc. (JOY): Today's Featured Industrial Goods Winner - TheStreet

Joy Global

(

JOY

) pushed the Industrial Goods sector higher today making it today's featured industrial goods winner. The sector as a whole was unchanged today. By the end of trading, Joy Global rose $2.02 (3.9%) to $53.93 on average volume. Throughout the day, 2.1 million shares of Joy Global exchanged hands as compared to its average daily volume of 2.5 million shares. The stock ranged in a price between $51.30-$54.01 after having opened the day at $51.39 as compared to the previous trading day's close of $51.91. Other companies within the Industrial Goods sector that increased today were:

Presstek

(

PRST

), up 15.2%,

Valence Technology

(

VLNC

), up 11.4%,

Flow International Corporation

(

FLOW

), up 7.9%, and

Intellicheck Mobilisa

(

IDN

), up 7.9%.

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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. The company operates in two segments, Underground Mining Machinery and Surface Mining Equipment. Joy Global has a market cap of $5.49 billion and is part of the

industrial

industry. The company has a P/E ratio of 7.6, below the average industrial industry P/E ratio of 7.9 and below the S&P 500 P/E ratio of 17.7. Shares are down 30.8% year to date as of the close of trading on Wednesday. Currently there are 12 analysts that rate Joy Global a buy, no analysts rate it a sell, and five 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, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the negative front,

A123 Systems

(

AONE

), down 12.9%,

China Ming Yang Wind Power Group

(

MY

), down 12.9%,

UQM Technologies

(

UQM

), down 11.4%, and

Highway Holdings

(

HIHO

), down 11.2%, were all losers within the industrial goods sector with

Ametek

(

AME

) being today's industrial goods sector loser.

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

).

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