Arch Coal Inc. (NYSE: ACI) is getting a huge boost after its earnings, and we would look for secondary and tertiary moves in the coal sector based upon this report. The coal…
Jon C. Ogg The three major US stock indexes opened roughly flat this morning as Spanish 10-year bond yields rose to 7.5% and Moody’s cut Germany’s outlook to ‘negative’ after the markets closed last night…
Peabody Energy Corp. (NYSE: BTU) this morning reported its quarterly results of $0.73 adjusted earnings per share (EPS) and $2 billion in revenue. EPS dropped from $1.11 in the same period a…
Paul Ausick The three major US stock indexes opened lower this morning as Spanish 10-year bond yields rose sharply above 7% (our coverage here) and German magazine Der Spiegel published a story that suggested…
Patriot Coal Corporation (NYSE: PCX) was halted on a major downside move. Bloomberg has reported that a bankruptcy filing is said to be coming as soon as today. The headlines on the…
Jon C. Ogg Coal miner Patriot Coal Corp. (NYSE: PCX) continues to skyrocket again today, taking up where it left off on Tuesday when the shares gained more than 32%. The stock is up another…
An appeals court in the District of Columbia has ruled that the US Environmental Protection Agency was “unambiguously correct” in taking steps to set limits on greenhouse gas emissions. The three-judge panel…
More bad news last night from the coal miners. Arch Coal Inc. (NYSE: ACI) announced that it would fire approximately 750 full-time employees and close 3 of its “higher-cost” thermal coal mines…
Shares of Patriot Coal Corp. (NYSE: PCX) are dropping like a rock again today on no specific news. Other coal miners are faring somewhat better, with Arch Coal Inc. (NYSE: ACI) up…
Paul Ausick Appalachian coal miner Alpha Natural Resources Inc. (NYSE: ANR) announced this morning that it will close four mines and halt work at two coal preparation plants in Kentucky. The company also said…
Paul Ausick It was good news on the surface that China decided to cut its overnight interest rates. We have not seen this since during the great recession and most expected China to just lower…
Jon C. Ogg Coal stocks are taking another hit today, although there has been a slight bounce in the late morning. Buyers must hold the opinion that the stocks have reached or nearly reached a…
US coal stocks are getting pummeled again today, with James River Coal Co. (NASDAQ: JRCC) and Patriot Coal Corp. (NYSE: PCX) leading the downturn. Downgrades to Patriot Coal from UBS and CRT…
The three major US stock indexes opened higher this morning as European markets responded positively to reports that Greece is less likely to leave the eurozone. There was also speculation that China…
Jon OggEach morning 24/7 Wall St. tracks the wide number of analyst upgrades and downgrades that come out from Wall Street analysts. After looking back through these reports, many calls stand out…