5. Joy Global ( JOYG) engages in the manufacture and servicing of mining equipment for the extraction of coal, ores, and other minerals. The company's operations are structured into two segments: underground mining machinery, and surface mining equipment. These are used to mine coal, copper, iron ore, oil sands and other minerals worldwide. For the second quarter of 2011, Joy reported revenue of $1.06 billion, up from $8936.2 million recorded in the year-ago quarter. Net income stood at $162 million or $1.52 per share vs. $120.4 million or $1.15 per share in the same quarter a year earlier. Second quarter bookings increased by $477 million over the year-ago quarter. At the end of the second quarter, backlog increased by $462 million to $2.6 billion. The company went ex-dividend recently with shareholders becoming eligible for a dividend of 17 cents per share. Additionally, Joy announced signing a definitive agreement to acquire 100% ownership interest in LeTourneau Technologies from Rowan Companies for $1.1 billion in cash. With this transaction, Joy enters the lucrative oil and gas drilling business and offsets stiff competition in its main market. For fiscal year ending Oct. 2011, Joy has raised its estimates and forecasts earnings of $5.30 to $5.60 per share on $4.1 to $4.3 billion in revenue, compared to the earlier forecast of $5.10 to $5.40 earnings per share on revenue of $4 billion to $4.2 billion. The company believes that miners will advance their expansion plans, led by the strong belief that the current capacity must be upgraded to match demand growth. Of the 18 analysts covering the stock, 61% recommend a buy and the rest advise a hold. There are no sell ratings on the stock. According to Bloomberg consensus, the stock will gain an average 24.3% to $111.92 in the upcoming 12 months.