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JOY: Chinese Stocks Are Back

|Includes:ARNA, CAR, D, DDD, DIS, DVY, E, EBAY, EPRS, ETN, F, FB, FDX, FH, HPQ, I, INTC, IVR, IYR, Joy Global Inc. (JOY), N, NKE, NVS, P, PBR, PCLN, PEP, PFE, PG, PSEC, PSX, S, SE, SLB, UAN, V, VALE, VLO, VMW, VVUS, VXX, VZ, WFC, WFM, WYNN, X, XLK, XOM, XRX, Z, ZNGA

http://seekingalpha.com/article/1259181-joy-chinese-stocks-are-back

Joy Global Inc. (NYSE:JOY) is a leading manufacturer and servicer of high-productivity mining equipment for the extraction of coal and other minerals and ores. China today has a cheap stock market, vibrant economy, a broadening industrial base and consistent political background. Joy Global presently has a market cap of $6.69 billion and P/E ratio of 8.6, below the S&P 500 P/E ratio of 17.7. Expect Joy to be a winner as China's economy rebounds.

First-Quarter Fiscal 2013 Results

Net sales in the first quarter were up 1 percent to $1.1 billion compared with the same period last year. Operating income was $221 million in the first quarter of 2013, compared with operating income of $214 million in the first quarter of 2012 and was 19 percent of sales in both years. Income from continuing operations was $142 million or $1.33 per fully diluted share for both periods. First-quarter bookings decreased 29 percent to $1.0 billion in fiscal 2013 compared with the first quarter of last year...

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Stocks: JOY, V, VALE, VZ, FH, VVUS, VXX, VLO, VMW, DVY, SLB, I, INTC, IYR, IVR, P, PFE, PG, PSX, PSEC, PCLN, PBR, PEP, HPQ, F, FB, FDX, D, DDD, DIS, SE, E, EBAY, ETN, S, X, XRX, XOM, XLK, EPRS, ZNGA, Z, CAR, N, NKE, NVS, MIQ, UAN, ARNA, WFC, WYNN, WFM