(EMAILWIRE.COM, September 02, 2010 )
Dallas, Tx - Shares of capital goods manufacturers climbed on Wednesday driven by better than the expected forecast by Joy Global and surprised rise in the ISM manufacturing index.
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The Institute for Supply Management said Wednesday that its closely watched index of factory activity rose to 56.3% in August from 55.5% in July.

Joy Global Inc. (NASDAQ:JOYG) shares rose 6.40% to $60.16 after the company lifted the full year revenue guidance.
During the third quarter the company said it earned $118.5 million, or $1.13 a share, compared with earnings of $124.3 million, or $1.21 a share in the year ago quarter.
Net sales during the quarter plunged 11%to $850.0 million. Underground mining machinery revenue fell to $510.8 million.
Analysts were looking the company to report earnings of $1.03 a share, on revenue of $877.4 million.

For the Fiscal year 2010, the company raised its earnings range outlook to of $4.10-$4.15 a share, up from its prior view of $3.85-$4.00 a share. It also raised the revenue forecast to $3.35-$3.4 billion, from its prior view of $3.3-$3.4 billion.
Joy Global Inc. is a manufacturer and servicer of mining equipment for the extraction of coal and other minerals and ores. The equipment is used in the mining regions globally to mine coal, copper, iron ore, oil sands, and other minerals.

Among the large cap stocks, Caterpillar Inc. (NYSE:CAT) jumped 4.60% to close at $68.16 on heavy volume. So far this year, the stock is up over 17.50%. The stock has a 52-week low and high of $43.19 and $72.83 respectively.

Caterpillar Inc. (Caterpillar) provides construction and mining equipment, diesel and natural gas engines, and industrial gas turbines.

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Deere & Company (NYSE:DE) surged 5.15% to $66.53. So far this year, the stock is up over 21%. The stock has a 52-week low and high of $40.28 and $69.47 respectively.

Deere & Company, together with its subsidiaries (John Deere) operates in three business segments: agriculture and turf segment, construction and forestry segment, and credit segment.

Cummins Inc. (NYSE:CMI) rose 7.35% to $79.88. So far this year, the stock is up over 72%. The stock has a 52-week low and high of $41.51 and $82.69 respectively.

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