Analyst Study on Joy Global Inc. and Bucyrus International Inc. - A Recovering Farm & Construction Machinery Industry
November 02 2010 - 8:57AM
Marketwired
www.wallstreetequityresearch.com brings investors market knowledge
on the aspects moving the farm & construction machinery stocks,
and offers complete analytical research on companies like
Joy Global Inc. (NASDAQ: JOYG) and
Bucyrus International Inc. (NASDAQ: BUCY). Register
with www.wallstreetequityresearch.com today to gain full access to
our complimentary research on these farm & construction
machinery stocks.
Companies have seen increased demand across the board in the
Farm and Construction Machinery sector. Several factors are
combining to create a good earnings season for many companies
within the sector. Emerging and developed markets have both seen
strong growth in the recent quarter. While many companies have
focused most of their investments on emerging economies like China,
Latin America has actually been one of the strongest markets
recently. Countries there, especially Argentina and Brazil, have
experienced high double digit growth in equipment sales as compared
to last year. Some economists predict the global economy will grow
3.5% next year, with 6.5% growth in emerging markets. The weak U.S.
dollar has also been helping sales for American companies.
www.wallstreetequityresearch.com is a specialized website where
investors can have specific access to complimentary reports on farm
& construction machinery industry; traders looking for analysis
on Joy Global Inc., Bucyrus International Inc. and other players in
the industry are welcomed to sign up for free at
http://www.wallstreetequityresearch.com/.
On the agricultural side of things, machinery companies have
seen a huge boost from growing corn prices. Demand for corn has
been high due to a projection that 37% of this year's crop will be
used for bio-fuels. It's expected that the profits gained from high
prices should trickle down to the Farm and Construction Machinery
sector as farmers look to upgrade and repair equipment they had
been putting off due to weak markets. Visit us at
http://www.wallstreetequityresearch.com/ to understand the
catalysts and forces driving or affecting companies in the farm
& construction machinery industry.
Renewed levels of spending are also taking place in the mining
equipment industry. After putting off upgrades and repairs due to
weak commodity prices, miners are beginning to spend money on
equipments now that coal, copper, and iron ore prices have
recovered.
Looking at earnings posted so far for the Q3 2010, Joy Global
Inc. was amongst the early birds with earnings released back in
September. The company reported net income of $118.5 million.
Investors can register today at
http://wallstreetequityresearch.com/November022010JoyGlobalInc.(JOYG)021110.php
to download the full report on Joy Global
Inc.
In contrast, Bucyrus International Inc. posted its results about
two weeks back with net income of $77.6 million. Investors can
access free research on Bucyrus International
Inc. now by signing up at
http://wallstreetequityresearch.com/November022010BucyrusInternationalInc.(BUCY)021110.php.
About Wall Street Equity Research: Wall
Street Equity Research looks to bring simplicity and highly
sophisticated research to an ever-changing investing environment.
Wall Street Equity Research has been partnering with a number of
North American and Emerging Economies analysts to bring you the
best of both continents in terms of market analysis and analytical
opinions.
Contact Person: Edward D. Brooks
info@wallstreetequityresearch.com
Bucyrus (NASDAQ:BUCY)
Historical Stock Chart
From May 2024 to Jun 2024
Bucyrus (NASDAQ:BUCY)
Historical Stock Chart
From Jun 2023 to Jun 2024