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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Joy Global ( JOY) pushed the Industrial industry higher today making it today's featured industrial winner. The industry as a whole closed the day down 0.2%. By the end of trading, Joy Global rose $1.59 (3.2%) to $51.10 on average volume. Throughout the day, 2,711,741 shares of Joy Global exchanged hands as compared to its average daily volume of 2,027,900 shares. The stock ranged in a price between $49.32-$51.71 after having opened the day at $49.54 as compared to the previous trading day's close of $49.51. Other companies within the Industrial industry that increased today were: Middleby Corporation ( MIDD), up 13.1%, Research Frontiers ( REFR), up 12.1%, Olympic Steel ( ZEUS), up 9.3% and THT Heat Transfer Technology ( THTI), up 8.3%.

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 $5.1 billion and is part of the industrial goods sector. Shares are down 22.4% year to date as of the close of trading on Thursday. Currently there are 10 analysts that rate Joy Global a buy, no analysts rate it a sell, and 8 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 attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, unimpressive growth in net income and feeble growth in the company's earnings per share.

On the negative front, IntriCon Corporation ( IIN), down 18.8%, Capstone Turbine Corporation ( CPST), down 14.7%, Coleman Cable ( CCIX), down 7.6% and Compx International ( CIX), down 6.5% , were all laggards within the industrial industry with Stratasys ( SSYS) 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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
null

If you liked this article you might like

Jim Cramer -- Caterpillar Earnings Aren't Likely to Be Good

5 Things You Must Know Before the Market Opens Wednesday

Markets Await Federal Reserve Decision on Wednesday

Week Ahead: Fed Takes Spotlight as Countdown Begins for Highly Anticipated Meeting

Slim Pickings for Thanksgiving in Value Land