Barclays Maintains an 'Overweight' on Joy Global; Remains a Top Pick Heading Into Q3
This is from CAT Q2 financial results.
"Growth in the global economy increased demand for commodities and commodity prices. Metals prices were up nearly 30 percent, and most thermal coal prices increased more than 20 percent. As a result, worldwide mining production continued at a high level. Mining customers are increasing their investment, which is driving significant demand for our large mining products and higher parts sales".