#11 Joy Global - Fortune 500: Worst-performing stocks of 2013 - CNNMoney

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Fortune 500: Worst-performing stocks of 2013

These 15 companies sat out the huge market rally -- and a few were on the losers list last year. From repeats like J.C. Penney to tech giant IBM, here are 2013's worst-performing stocks.

#11 Joy Global

worst stocks joy global
  • Ticker: JOY
  • YTD stock performance: -11%
  • Fortune 500 rank: 446

Joy Global (JOY) has been feeling the downturn in commodity prices this year.

The mining equipment maker's earnings and sales have declined as demand for raw materials, particularly in developing economies, has waned.

Earnings per share fell 22% in fiscal 2013, which ended in October. Analysts are forecasting another earnings drop of 42% in fiscal 2014, according to FactSet.

Joy, which generates the bulk of its revenue through sales to coal mines, has been hurt by the slowdown in China. In the United States, analysts say the company's orders could continue to fall as utilities switch to natural gas from coal to generate electricity. --B.R.

  @CNNMoneyInvest - Last updated December 19 2013 08:02 AM ET

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