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?

Has Joy Global's Pullback Created an Opportunity? originally appeared on BloggingStocks on Tue, 15 Mar 2011 11:00:00 EST. Please see our terms for use of feeds.

This week we turn the calendar page, and that change brings with it a raft of economic data. Scheduled for release on Monday are pending home sales and personal income numbers for January, as well as the Chicago PMI and car and truck sales data for February.

On Tuesday, look for the ISM Manufacturing Index for February and construction spending numbers for January. That's followed on Wednesday by the week's first employment data: the Challenger Job-Cuts announcement and the ADP employment report for February. Federal Reserve Chairman Ben Bernanke will deliver his semiannual monetary policy testimony before Congress on both days.

Continue reading Week in Preview: Unemployment Rate, Retail Earnings, Bernanke Testimony

Week in Preview: Unemployment Rate, Retail Earnings, Bernanke Testimony originally appeared on BloggingStocks on Sun, 27 Feb 2011 12:30:00 EST. Please see our terms for use of feeds.

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

Joy Global Powers Higher originally appeared on BloggingStocks on Wed, 12 Jan 2011 12:30:00 EST. Please see our terms for use of feeds.

Continue reading Joy Global: Buy, Hold or Take Profits?

Joy Global: Buy, Hold or Take Profits? originally appeared on BloggingStocks on Thu, 16 Dec 2010 09:00:00 EST. Please see our terms for use of feeds.

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)

Closing Bell: Concerns Outweigh Tax Cuts (ARAY, BIDU, BP, CYPB, JOYG, FSLR) originally appeared on BloggingStocks on Wed, 15 Dec 2010 16:20:00 EST. Please see our terms for use of feeds.

Here's an interesting company. Joy Global (JOYG) is the only worldwide surface and underground mining equipment company. With underdeveloped countries screaming for raw materials, Joy Global is in a sweet spot, providing equipment to mining companies around the globe.

The Wall Street Journal (subscription required) reported that Joy Global's fourth quarter earnings were up 18% year over year. Profit was at $146.3 million or $1.39 a share, up from $124 million of $1.20 a share last year. Revenue rose to $1.05 billion. Gross margin rose 37.9% from 32.4%.

Continue reading Joy Global Profits Up on Surge in Bookings, Overseas Demand

Joy Global Profits Up on Surge in Bookings, Overseas Demand originally appeared on BloggingStocks on Wed, 15 Dec 2010 11:30:00 EST. Please see our terms for use of feeds.

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, ...

Analyst Calls: BRCD, CCE, DPS, HOV, JOYG, KMB, KO, PEP, S, ... originally appeared on BloggingStocks on Tue, 16 Nov 2010 12:00:00 EST. Please see our terms for use of feeds.

Continue reading Joy Global's Train Is Leaving the Station

Joy Global's Train Is Leaving the Station originally appeared on BloggingStocks on Tue, 12 Oct 2010 14:30:00 EST. Please see our terms for use of feeds.

• 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

Analyst Calls: GS, HCN, NLY, YHOO, GILD, BBG, WLL, JOYG, BUCY originally appeared on BloggingStocks on Wed, 21 Jul 2010 11:00:00 EST. Please see our terms for use of feeds.

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 ...

Analyst Calls: AMAT, AMRI, BP, BUCY, DB, FDO, GS, ISIL, THO ... originally appeared on BloggingStocks on Tue, 06 Jul 2010 11:30:00 EST. Please see our terms for use of feeds.

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, ...

Analyst Calls: CPSI, JOYG, MAKO, POWI, PXD, RIMM, STR, TUP, ... originally appeared on BloggingStocks on Fri, 25 Jun 2010 11:20:00 EST. Please see our terms for use of feeds.

Continue reading Is Now a Good Time to Scoop Up Shares of Joy Global?

Is Now a Good Time to Scoop Up Shares of Joy Global? originally appeared on BloggingStocks on Mon, 07 Jun 2010 17:00:00 EST. Please see our terms for use of feeds.

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 ...

Analyst Calls: CNK, CP, EIX, FL, MCD, NBR, NE, NLC, STP, X, YUM ... originally appeared on BloggingStocks on Fri, 04 Jun 2010 11:00:00 EST. Please see our terms for use of feeds.

The shares of Joy Global (JOYG), which I first wrote about on June 15, 2009, at a price of $38.05, overcorrected with the Dow's late January/early February correction -- dipping below the key, 50-day moving average.

Had the stock remained there, that would have been a danger sign. However, JOYG found support near $45 and has since pushed back up the 50-day moving average, keeping the uptrend intact.

Continue reading Capitalize on Globalization with Joy Global

Capitalize on Globalization with Joy Global originally appeared on BloggingStocks on Mon, 08 Mar 2010 12:40:00 EST. Please see our terms for use of feeds.

Continue reading Joy Global really likes the recovery in emerging markets

Joy Global really likes the recovery in emerging markets originally appeared on BloggingStocks on Wed, 16 Dec 2009 15:00:00 EST. Please see our terms for use of feeds.

Analyst upgrades:

• Barclays upgraded Exxon (XOM) to overweight from equal weight based on a higher production growth outlook. The firm, which raised its target to $92 from $90, expects Exxon to have organic growth of more than 3% in 2010 and an average growth rate of 2.6% between 2009 and 2013.
• Kaufman Bros. upgraded Palm (PALM) to buy from hold citing the recent pullback in shares and indications that Verizon (VZ) will carry webOS phones as early as 1H10. The firm has a $16 target on the stock.
• Piper Jaffray raised Medicis (MRX) to neutral from underweight and raised its target to $20 from $16. Following a management meeting, Piper said they have increased confidence in Soldyn risk and LipoSonix's safety profile.
• Illinois Tool Works (ITW) was upgraded to buy from neutral at UBS.
• Devon Energy (DVN) was upgraded to outperform from market perform at Wells Fargo.
• Carmike Cinemas (CKEC) was upgraded to buy from neutral at Merriman.

Continue reading Analyst upgrades, downgrades and initiations: DELL, NFLX, PALM, SPWRA, XOM ...

Analyst upgrades, downgrades and initiations: DELL, NFLX, PALM, SPWRA, XOM ... originally appeared on BloggingStocks on Tue, 17 Nov 2009 11:40:00 EST. Please see our terms for use of feeds.

From TheStreet.com Network

• UPS Sees Improved Holiday Demand
• Bank of America's Lewis Stays Positive

Continue reading Cramer on BloggingStocks: China's industrial focus helps lots of U.S. names

Cramer on BloggingStocks: China's industrial focus helps lots of U.S. names originally appeared on BloggingStocks on Wed, 11 Nov 2009 09:30:00 EST. Please see our terms for use of feeds.

• American Express (NYSE:AXP) was upgraded to Market Perform from Underperform at FBR Capital, as the firm sees limited near-term downside in the stock. The firm raised its target price on the shares to $37 from $25.
  
• RBC Capital upgraded Estee Lauder (NYSE:EL) to Outperform from Sector Perform. Target to $44 from $34. UBS upgraded Nestle on expectations the company will begin returning cash to shareholders via buybacks and dividends.
  
• Piper Jaffray raised Dicks Sporting (NYSE:DKS) to Neutral from Underweight following positive channel checks and raised its target on the shares to $28 from $18.
  
• Sohu.com (NASDAQ:SOHU) was upgraded to Neutral from Sell by Pali Capital.
  
• Halliburton (NYSE:HAL) was raised to Buy from Hold by Natixis.
  
• Sunpower (NASDAQ:SPWRA) was upgraded to Neutral from Underperform at Macquarie.
• China Automotive (NASDAQ:CAAS) was upgraded to Buy from Neutral at Merriman.

Continue reading Analyst upgrades, downgrades and initiations: AXP, HAL, EL, MAT, CAT....

Analyst upgrades, downgrades and initiations: AXP, HAL, EL, MAT, CAT.... originally appeared on BloggingStocks on Mon, 19 Oct 2009 12:50:00 EST. Please see our terms for use of feeds.

Analyst upgrades:

• Credit Suisse upgraded Stancorp (NYSE: SFG) to Outperform from Neutral citing relative valuation and EPS visibility.
• Jefferies upgraded Cypress Semiconductor (NYSE: CY) to Hold from Underperform after its channel checks indicated the company's capacitive touch screen solution has design traction. The firm raised its target on shares to $10 from $7.50.
• FBR Capital upgraded Pacific Sunwear (NASDAQ: PSUN) to Outperform from Market Perform to reflect improving store channel checks, the company's brand focus and controlled inventory, as well as the firm's belief that guidance could be conservative. FBR raised its target on shares to $9 from $6.
• Advanced Micro (NYSE: AMD) was upgraded to Market Perform from Underperform at JMP Securities.
• Lam Research (NASDAQ: LRCX) was upgraded to Overweight from Equal Weight at Barclays.
• Philips Electronics (NYSE: PHG) was upgraded to Buy from Hold at RBS.

Continue reading Analyst upgrades, downgrades and initiations: AMD, C, GAP, GS, MET, PSUN, USB ...

Analyst upgrades, downgrades and initiations: AMD, C, GAP, GS, MET, PSUN, USB ... originally appeared on BloggingStocks on Tue, 13 Oct 2009 11:10:00 EST. Please see our terms for use of feeds.

From TheStreet.com Network

• Banking on Earnings: Coming Week
• Bulls Back Banks: TheStreet Says

Continue reading Cramer on BloggingStocks: It's a mistake to fade 'em now

Cramer on BloggingStocks: It's a mistake to fade 'em now originally appeared on BloggingStocks on Mon, 12 Oct 2009 09:50:00 EST. Please see our terms for use of feeds.