JOYG posts
FeedPosted Mar 15th 2011 11:00AM by Joseph Lazzaro (RSS feed)
Filed under: Stocks to Buy
As outlined a few months back, I first discussed Joy Global (JOYG) on June 15, 2009, at a price of $38.05. Since then, the stock has shot to over $90 earlier this year, but corrected following a test of major, psychological resistance at $100. Hence, if you took some profits then, you made the correct move.
Now, after the pullback, more upside is likely for JOYG, but the gains probably will not come as quick after the shares' impressive run.
Continue reading Has Joy Global's Pullback Created an Opportunity?
Posted Jan 12th 2011 12:30PM by Joseph Lazzaro (RSS feed)
Filed under: Stocks to Buy
When we last left Joy Global (JOYG), first discussed here on June 15, 2009, at a price of $38.05, it had cleared $60 resistance in October. At which time the view was "consider the shares now, or lose out on a decent gain in the current economic expansion."
If you considered the shares then, you made the correct move, as JOYG has powered higher, and is pushing the $90 level. Hence, now is good time to consider taking some profits, if you bought near $60. If bought at the $38.05, I'd cash out at least 50% of my position.
Continue reading Joy Global Powers Higher
Posted Dec 16th 2010 9:00AM by Steven Mallas (RSS feed)
Filed under: Earnings Reports, Technical Analysis

Joy Global (
JOYG) has done incredibly well over the last 12 months as a stock. Fundamentally, things appear okay, too. I noticed the move that the maker of mining equipment made Wednesday after it reported quarterly earnings and decided to have a look.
My colleague Connie Madon covered the
bullet points of the company's latest quarter. Shareholders surely enjoyed the numbers. The market responded accordingly, sending the stock up almost 7% to $85.78. To put that rise in perspective, the 52-week high is currently set at $87.11. In case you're wondering, yes, that 52-week high was hit during the intraday session.
Continue reading Joy Global: Buy, Hold or Take Profits?
Posted Dec 15th 2010 4:20PM by Jon Ogg (RSS feed)
Filed under: BP p.l.c. ADS (BP)
Moody's gave a warning to Spain and the Greeks rioted again. CPI showed tame inflation and industrial capacity was close to two-year highs. We also had at least four IPOs and the Senate passed the Bush tax-cut extension for two years. The markets looked set for a rally but the end of day trading again failed to materialize into a win for the bulls. Here were today's closing bell levels:
DJIA: 11,457.47, -19.07 (0.17%)
S&P 500: 1.235.23, -6.36 (0.51%)
NASDAQ: 2,617.22, -10.50 (0.40%)
Top Analyst Upgrades & Downgrades
Continue reading Closing Bell: Concerns Outweigh Tax Cuts (ARAY, BIDU, BP, CYPB, JOYG, FSLR)
Posted Nov 16th 2010 12:00PM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Coca-Cola (KO), PepsiCo (PEP), Sprint Nextel Corp (S), Coca-Cola Enterprises (CCE), Kimberly-Clark (KMB), Analyst Initiations
Analyst Upgrades
- Sprint (S) was upgraded to neutral from underweight at Piper Jaffray.
- Cree (CREE) was upgraded to outperform from market perform at Morgan Keegan.
- Brocade (BRCD) was upgraded to outperform from market perform at JMP Securities.
- JPMorgan upgraded WuXi PharmaTech (WX) to overweight from neutral.
- Barclays upgraded ITC Holdings (ITC) to overweight from equal weight.
- Centene (CNC) was upgraded to outperform from underperform at Oppenheimer.
- Senior Housing (SNH) was upgraded to buy from hold at Jefferies.
- UBS upgraded Hovnanian (HOV) to neutral from sell.
- GeoResources (GEOI) was upgraded to accumulate from neutral at Madison Williams.
- Compellent (CML) was upgraded to hold from sell at Canaccord.
Continue reading Analyst Calls: BRCD, CCE, DPS, HOV, JOYG, KMB, KO, PEP, S, ...
Posted Oct 12th 2010 2:30PM by Joseph Lazzaro (RSS feed)
Filed under: Stocks to Buy

This may be your last chance to scoop-up shares of Joy Global (
JOYG), first discussed here
on June 15, 2009 at a price of $38.05, and earn an out-sized gain during the current economic expansion.
JOYG, a manufacturer and servicer of mining equipment, is on-track to capitalize on the development of emerging markets, and that should drive impressive gains in orders, revenue, and margins.
Joy's management has prudently restructured production capacity to meet slower growth conditions, and also transferred production to lower-cost regions. Joy's shares should outperform the Dow and S&P, assuming credit markets continue to heal.
Continue reading Joy Global's Train Is Leaving the Station
Posted Jul 21st 2010 11:00AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Yahoo! (YHOO), Cintas Corp (CTAS), Goldman Sachs Group (GS), Hormel Foods (HRL), Analyst Initiations, Gilead Sciences (GILD)
Analyst upgrades:
- Keefe Bruyette upgraded Goldman Sachs (GS) to Outperform from Market Perform with a $190 price target following the company's Q2 results. The firm believes the company's settlement with the SEC removes an overhang on shares.
- Stifel Nicolaus upgraded Health Care REIT (HCN) to Buy from Hold based on valuation and added shares to the Stifel REIT Income List. The firm has a $47 target on the stock.
- FBR Capital upgraded Annaly Capital (NLY) to Outperform from Market Perform citing the company's surprise dividend increase. The firm has a $20 target on the stock.
- Devon Energy (DVN) was upgraded to Overweight from Equal Weight at Barclays.
- Overseas Shipholding (OSG) was upgraded to Overweight from Underweight at JP Morgan.
- Cintas (CTAS) was upgraded to Neutral from Underperform at Baird.
Continue reading Analyst Calls: GS, HCN, NLY, YHOO, GILD, BBG, WLL, JOYG, BUCY
Posted Jul 6th 2010 11:30AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Goldman Sachs Group (GS), BP p.l.c. ADS (BP), Analyst Initiations
Analyst Upgrades
- Soleil upgraded Thor Industries (THO) to buy from hold after the company said its accounting review will not lead to changes to previously taken accounting positions. The firm raised its target for shares to $45 from $28.
- Citigroup upgraded Family Dollar (FDO) to buy from hold, citing valuation and its positive view on the dollar store industry. The firm upped its target for shares to $47 from $44.
- Wells Fargo upgraded Albany Molecular (AMRI) to outperform from market perform, citing valuation and a stabilizing core business.
- Goldman Sachs (GS) upgraded to overweight from neutral at JPMorgan.
- Patterson-UTI Energy (PTEN) was upgraded to equal weight from underweight at Barclays.
- BP (BP) was raised to buy from hold at RBS.
Continue reading Analyst Calls: AMAT, AMRI, BP, BUCY, DB, FDO, GS, ISIL, THO ...
Posted Jun 25th 2010 11:20AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Research in Motion (RIMM), Analyst Initiations
Analyst Upgrades
- JPMorgan upgraded Tupperware (TUP) to overweight from neutral, but lowered its price target to $57 from $58. The firm cites valuation and organic growth for the upgrade.
- William Blair upgraded Computer Programs (CPSI) to outperform from market perform. The firm noted that the company's Systems bookings have significantly exceeded its Systems revenue in recent quarters while the firm thinks the company will benefit from accelerated EHR adoption by small hospitals in coming years.
- RBC Capital upgraded Questar (STR) to outperform from sector perform and raised its price target to $49 from $52. The firm believes the separation of QEP Resources from Questar will create shareholder value.
- Pinnacle Financial (PNFP) was upgraded to buy from hold at Wunderlich.
- Power Integrations (POWI) and Volterra (VLTR) were upgraded to strong buy from buy at Needham.
- Realty Income (O) was upgraded to neutral from underperform at Baird.
Continue reading Analyst Calls: CPSI, JOYG, MAKO, POWI, PXD, RIMM, STR, TUP, ...
Posted Jun 7th 2010 5:00PM by Joseph Lazzaro (RSS feed)
Filed under: Stocks to Buy

The shares of Joy Global Inc. (
JOYG), first discussed here
on June 15, 2009, at a price of $38.05, have pulled-back in-sync with the Dow's recent downdraft, but that doesn't change the company's promising future. Here's why:
A manufacturer and servicer of mining equipment, Joy Global is on-track to capitalize on the development of emerging markets, and that should drive impressive gains in orders, revenue, and margins. Even with sovereign debt issues clouding the European GDP growth story, global GDP growth still should be adequate, with impressive growth in Asia, provided Europe's woes do not substantially decrease the supply of credit globally.
Continue reading Is Now a Good Time to Scoop Up Shares of Joy Global?
Posted Jun 4th 2010 11:00AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, McDonald's (MCD), Yum Brands (YUM), U.S. Steel (X), Analyst Initiations
Analyst Upgrades
- Weeden upgraded Nabors Industries (NBR) to buy from hold on expectations that U.S. land drillers will likely benefit from a more restrictive deepwater Gulf of Mexico drilling environment.
- Macquarie upgraded Cinemark (CNK) to outperform from neutral and has a $20 price target on the stock. The firm cites valuation, market share stabilization and Latin American pricing power.
- RBC Capital upgraded Edison International (EIX) to outperform from sector perform with a $43 target. The firm cited valuation and its belief that the company's unregulated businesses are well-positioned to accelerate as reasons for the upgrade.
- Canadian Pacific (CP) was upgraded to buy from hold at Stifel Nicolaus.
- FirstEnergy (FE) was upgraded to buy from hold at Citigroup.
- Joy Global (JOYG) was upgraded to buy from neutral at Longbow.
Continue reading Analyst Calls: CNK, CP, EIX, FL, MCD, NBR, NE, NLC, STP, X, YUM ...
Posted Dec 16th 2009 3:00PM by Joseph Lazzaro (RSS feed)
Filed under: Stocks to Buy

Joy Global Inc. (
JOYG), manufacturer and servicer of mining equipment, is on-track to capitalize on the development of emerging markets, which is a major reason I'm reiterating my buy rating for the company's shares, first recommended
on June 15, 2009 at a price of $38.05. If you bought JOYG in June, you're up about 40%.
When the global economic expansion hits take-off stage, it will most likely be led by emerging markets, who are building-out their infrastructure networks and using more energy on a per capita basis, yearly. And that means they'll need mining equipment, which benefits JOYG. Firmness in the commodity market provides an additional tailwind.
Continue reading Joy Global really likes the recovery in emerging markets
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