Joy Global sees encouraging signs but not expecting 'near term impact' The company CEO sees encouraging signs in the market but the impact of the turn in conditions will not impact the company in the 'near term.' "I think that we are seeing some encouraging but early signs of market improvement; however.. the impact on us is more likely to be on the horizon and around the corner so we don't expect it to have the near term impact and there for we'll continue to focus on reducing our cost and streamlining our business and that's going to allow us to respond better to those upside opportunities."
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Joy Global May weekly volatility elevated into Q2 and outlook Joy Global May weekly call option implied volatility is at 54, June is at 39, July is at 35, October is at 36; compared to its 26-week average of 38 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on May 30.
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