Diamonds and Dogs
1/25/13Joy Global Inc. (JOY)
Joy Global investors are not experiencing joy today, with shares down 4.14% at $63.21. The mining equipment company saw shares crash after the company was downgraded late yesterday. Susquehanna downgraded Joy from Positive to Neutral. Investors took notice of the downgrade and moved money out today. The industrial sector as a whole closed down 0.2% today, led by Joy's 4% drop. Joy is trading near the middle of its 52-week range of $47.69-$95.98.
Netflix Inc. (NFLX)
Netflix is having a memorable week, finishing today up 15.46% at $169.56. The online movie streaming company saw shares climb higher today off of praise from billionaire Carl Icahn. Icahn said that even after such a great start to the year, Netflix will see even larger gains coming off of its January 23rd earnings. This week the company saw its shares gain over 50%, a great week for the company which was struggling just a few months prior. Netflix gained $22.70 today, pushing the stock to another new 52-week high.