Sunday, March 20, 2016

Joy Global Reports Earnings, Caterpillar Investors Take Note

When a competitor's stock jumps 40% in a week, it's usually time to start looking at what's going on. Caterpillar's (NYSE:CAT) end markets include mining machinery, and Joy Global's (NYSE:JOY) recent surge must have had investors thinking Caterpillar could follow suit in due course. So let's take a look Joy Global's results and what they mean to the investment thesis for Caterpillar stock.
JOY Chart
JOY data by YCharts.

READ THE FULL EQUITY RESEARCH ARTICLE LINKED