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inthemoneystock (< 20)

Joy Global Could Be Telling Us Something

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February 08, 2012 – Comments (1) | RELATED TICKERS: JOY , BHP , CAT

Joy Global Inc (NYSE:JOY) is a leading manufacturer of mining and farming equipment. The stock has been selling off over the past two trading sessions. This morning, JOY stock is declining lower by $2.00 to $90.70 a share. When a market leader such as JOY stock declines it could be telling us that the mining business is beginning to slow down. BHP Billiton Ltd (NYSE:BHP) is also trading lower today by $1.15 to $80.62 a share. Earlier today. BHP reported earnings and guided slightly lower in 2012. It is important to note that mining and mining equipment related companies have lead the markets higher recently.

Leading mining and farm equipment manufacturers such as Caterpillar Inc (NYSE:CAT), Deere & Co (NYSE:DE), and Tractor Supply Co (NYSE:TSCO) are all trading lower. If the mining and mining equipment sectors starts to rollover it could tell us that the recent stock market rally is coming to an end.

Nicholas Santiago
InTheMoneyStocks.com

1 Comments – Post Your Own

#1) On February 08, 2012 at 12:26 PM, CMichaelCroston (< 20) wrote:

 

Because one stock drops in one morning the entire rally is over. Great reasoning.

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