5 Capital Goods Stocks on the Rise as Commodities Rebound: CMI, JOYG, KBR, KMT, SPW

Through early trading on Tuesday, September 27, 2011, these stocks are helping the Capital Goods (NYSE:XLI) sector today. Long time Wall St. Cheat Sheet readers know to watch stock prices because Technicals on the Stock Chart are Strong’ is one of the ‘T’s in our CHEAT SHEET investing framework.

Cummins Inc. (NYSE:CMI) is among the top price gainers in the sector. Its shares are trading at $94.06, up $4.58 (+5.1%) from the previous close of $89.48. Cummins is a company engaged in the design, manufacturing, and distribution of diesel and natural gas engines and related technologies. Its services to markets worldwide include electric power generation systems and engine-related component products.

Stock Price Performance: From July 28, 2011, to September 23, 2011, the stock price had fallen $19.02 (-18.1%) from $105.28 to $86.26. The stock price saw one of its best stretches over the last year between March 22, 2011 and April 1, 2011 when shares rose for nine straight trading days, rising 9.4% (+$9.53). It saw one of its worst periods between September 15, 2011 and September 22, 2011 when shares fell for six straight trading days, falling 12.9% (-$12.60).

Joy Global Inc. (NASDAQ:JOYG) is among the sector price gainers, as its shares are trading at $70.38, up $4.25 (+6.4%) from the previous close of $66.13. Joy Global 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.

Stock Price Performance: From July 28, 2011, to September 23, 2011, the stock price had fallen $28.46 (-30.4%) from $93.47 to $65.01. The stock price saw one of its best stretches over the last year between January 7, 2011 and January 18, 2011 when shares rose for seven straight trading days, rising 8.1% (+$6.98). It saw one of its worst periods between July 29, 2011 and August 8, 2011 when shares fell for seven straight trading days, falling 23.7% (-$22.17).

KBR, Inc. (NYSE:KBR) is among the top price gainers in the sector. Its shares are trading at $26.28, up $1.40 (+5.6%) from the previous close of $24.88. KBR is a global engineering, construction, and services company supporting the energy, hydrocarbon, government services, minerals, civil infrastructure, power, and industrial sectors.

Stock Price Performance: From June 30, 2011, to September 26, 2011, the stock price had fallen $12.74 (-33.9%) from $37.62 to $24.88. The stock price saw one of its best stretches over the last year between June 17, 2011 and July 7, 2011 when shares rose for 14 straight trading days, rising 13.4% (+$4.57). It saw one of its worst periods between July 29, 2011 and August 8, 2011 when shares fell for seven straight trading days, falling 26.4% (-$9.41).

Kennametal Inc. (NYSE:KMT) is among the sector price gainers, as its shares are trading at $35.47, up $1.78 (+5.3%) from the previous close of $33.69. Kennametal is a global supplier of tooling, engineered components, and advanced materials consumed in production processes.

Stock Price Performance: From June 29, 2011, to September 23, 2011, the stock price had fallen $8.69 (-21.2%) from $40.95 to $32.26. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 7, 2011 when shares rose for nine straight trading days, rising 12.7% (+$5.05). It saw one of its worst periods between July 21, 2011 and August 2, 2011 when shares fell for nine straight trading days, falling 18.8% (-$8.42).

SPX Corporation (NYSE:SPW) is among the top price gainers in the sector. Its shares are trading at $50.85, up $3.76 (+8%) from the previous close of $47.09. SPX is a global multi-industry manufacturing company offering highly-specialized engineered solutions to solve critical problems for customers.

Stock Price Performance: From June 29, 2011, to September 23, 2011, the stock price had fallen $34.11 (-42.3%) from $80.58 to $46.47. The stock price saw one of its best stretches over the last year between June 15, 2011 and June 23, 2011 when shares rose for seven straight trading days, rising 6% (+$4.48). It saw one of its worst periods between July 22, 2011 and August 8, 2011 when shares fell for 12 straight trading days, falling 36% (-$29.84).