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

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 industry higher today making it today's featured industrial winner. The industry as a whole closed the day up 0.2%. By the end of trading, Joy Global rose 72 cents (1.2%) to $62.93 on average volume. Throughout the day, 2.9 million shares of Joy Global exchanged hands as compared to its average daily volume of 2.6 million shares. The stock ranged in a price between $61-$64.13 after having opened the day at $61.84 as compared to the previous trading day's close of $62.21. Other companies within the Industrial industry that increased today were: A123 Systems ( AONE), up 53.9%, Cascade Corporation ( CASC), up 18%, NF Energy Saving ( NFEC), up 5.7%, and Edwards Group ( EVAC), up 5.7%.
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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 $6.66 billion and is part of the industrial goods sector. The company has a P/E ratio of nine, below the average industrial industry P/E ratio of 9.3 and below the S&P 500 P/E ratio of 17.7. Shares are down 17% year to date as of the close of trading on Friday. Currently there are 11 analysts that rate Joy Global a buy, two analysts rate it a sell, and six rate it a hold.

TheStreet Ratings rates Joy Global as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share and expanding profit margins. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year.

On the negative front, Euro Tech Holdings Company ( CLWT), down 11.4%, Manitowoc ( MTW), down 6.4%, Calgon Carbon Corporation ( CCC), down 5.6%, and Broadwind Energy ( BWEN), down 5.1%, were all laggards within the industrial industry with Stanley Black & Decker ( SWK) being today's industrial industry laggard.

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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