Arch Coal fell$. 22 or 4.7 percent, to $4.45. Consol Energy Inc. fell$. 71 or 1.7 percent, to $39.93. Peabody Energy fell$. 94 or 5.3 percent, to $16.69.» Read More
India, the world's third largest importer of thermal coal, is expected to start rebuilding inventories in the second quarter of 2012, which could boost shares of thermal coal companies in Southeast Asia, says Macquarie Securities.
Transports are underperforming because of coal, says Steve Cortes, Fast Money trader: "When you overlay coal with the S&P, if you go all the way back to the 2009 lows you see that until recent weeks the two were interchangeable. Either coal is very cheap here or the S&P is very expensive." Abigail Doolittle, Peak Theories, also discusses the direction of copper and the VIX.
The Fast Money traders, along with Paul Forward, Stifel Nicolaus, take a look at the market's decline and what's going on with coal producers, which opened at new, multi-year lows.
The Fast Money traders with the play on coal stocks getting burned today, and how to trade the higher price in crude oil. Also, Steven Mueller, Southwestern Energy CEO, discusses why natural gas is good for the economy & consumers, and the viability of nat gas powered vehicles.
Ephrem Ravi, Head of Metals & Mining Sector, Asia Ex-Japan Equity Research, at Barclays Capital and Ray Barros, CEO at Ray Barros Trading Group discuss Ephrem's recommendation of buying into Yanzhou Coal, because it benefitting from rising prices and the listing of its Australian asset.
Michael Sutherlin, Joy Global president & CEO, discusses his stock's hard landing on yesterday's earnings miss, and its future growth prospects in emerging markets, with Mad Money's Jim Cramer.
Mad Money's Jim Cramer explains why selling CONSOL Energy is one of the easiest calls he's ever made. Coal and natural gas are in the doghouse, and when investors understand the weakness in commodities, they'll understand why this stock can't be owned.
Discussing Glencore's $41B acquisition of Xstrata and its impact on other commodity mergers, with Anthony Young, Dahlman Rose analyst.
Mad Money's Cramer compares and contrasts Caterpillar to Joy Global, and concludes CAT's vast sales force, financing arm, and service division, make it a better play, but only on a pullback.
An infrastructure and steel play on Walter Engery, with Jon Najarian, OptionMonster.com.
Discussing the EPA's new regulations on coal plants and the company's juicy 4.6% yield, with Nick Akins, American Electric Power CEO, and Mad Money's Jim Cramer.
Alex Latzer, Head, Metals & Mining Research at Daiwa Capital Markets, eschews metals in favor of regional energy plays such as coal and uranium in the face of dwindling Chinese demand.
Chris Kimber, Managing Director, Wealth Management at Fat Prophets, says news of Whitehaven Coal and Aston Resource's merger is significant for the Australian market, as the country's pure coal stocks dwindle through M&As.
Michael McCormick, director of Belvedere Share Managers, sees opportunity to profit in gold and advises to invest in oversold mid-cap gold producers.
The average UK household will be in “fuel poverty” by the next election in 2015 if energy bills, which have almost doubled as a share of median income since 2004, stay on their current path, the FT reports.
Michael Parker, senior research analyst, Asian power & renewable energy, Sanford C. Bernstein, anticipates a slow down in emerging markets' power consumption leading to falling coal price.
Mad Money host Jim Cramer talks with First Energy's CEO, Tony Alexander on how the company will benefit from providing cleaner coal than government regulations require, and its plans to continue paying out big dividends, and consistent earnings.
Qantas Airways says it is canceling and delaying dozens of flights because of a strike by its ground workers and engineers. The Australian carrier says 8,500 domestic and international passengers will have their flights disrupted by Friday's strikes. Qantas says 39 flights will be delayed and two flights canceled.
Overseas demand for coal could be a job creator in the U.S., says Tom Scholl, CEO, Keystone Industries, who says if coal miners could get permits overseas, the increase in exporting could create jobs.
Cramer responds to the Federal Reserve's warning of "significant downside risk" to the global economy.