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

Joy Global ( JOY) pushed the Industrial industry higher today making it today's featured industrial winner. The industry as a whole closed the day up 0.3%. By the end of trading, Joy Global rose 94 cents (1.7%) to $57.15 on average volume. Throughout the day, 1.9 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 $55.34-$58.56 after having opened the day at $55.34 as compared to the previous trading day's close of $56.21. Other companies within the Industrial industry that increased today were: China Development Group Corporation ( CTDC), up 16%, Tecumseh Products Company ( TECUB), up 11.1%, Broadwind Energy ( BWEN), up 9.5%, and Twin Disc ( TWIN), up 9.2%.

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 $5.95 billion and is part of the industrial goods sector. The company has a P/E ratio of 8.3, below the average industrial industry P/E ratio of 8.6 and below the S&P 500 P/E ratio of 17.7. Shares are down 25% year to date as of the close of trading on Tuesday. 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, China Recycling Energy Corporation ( CREG), down 7%, China BAK Battery ( CBAK), down 6.7%, LSI Industries ( LYTS), down 6.2%, and Intellicheck Mobilisa ( IDN), down 6.1%, were all losers within the industrial industry with Cummins ( CMI) being today's industrial industry loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial industry could consider SPDR Dow Jones Industrial Average ( DIA) while those bearish on the industrial industry could consider ProShares UltraShort Industrials ( SIJ).
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