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Zacks.com submits:
President-Elect Obama has previously said that his top priorities are energy and healthcare. The U.S. has long needed policies that provide long-term solutions to both issues. And neither Democratic nor Republican administrations have instituted real change on either issue. Will President-Elect Obama match the expectations of his landslide victory? Only time will tell.
Complete Story »
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Trader Mark submits:Many coal companies are reporting this week, and how much they beat or did not beat estimates are not the issue at these valuations and after such historic drops in stock prices. The main emphasis now is on future prospects, and the thoughts on 2009 and forward. We see a mixed bag of comments... again my main surprise here is at these valuations a cash rich foreign suitor is not coming in to buy entire companies outright. [Jul 18: Wilbur Ross Believes M&A Activity in Coal Will be Unprecedented in Next 12 Months] With the issues in credit markets it is hard to tell if that is the culprit or foreign companies are just being cautious.
I'm still a long-term bull as I think the US dollar goes back to its multi year trajectory (down) in the future, helping US multinationals (East Coast coal producers for example), and the same foreign markets will continue in their needs. Ironically if the US imposes stricter regulation on coal it could cause some impairment to production, which should be beneficial to pricing. Also a lot of people simply don't want their kids to grow up to be coal miners so labor shortage seem to be quite striking in the industry. Complete Story »
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 Todd Sullivan submits: A couple of events in the last two weeks have me thinking about coal. Yesterday Arch Coal (ACI) said third-quarter net income more than tripled to $97.8 million, or 68 cents a share, from $27.3 million, or 19 cents a share in the year-ago period. Revenue increased to $770 million from $599 million. (Call Transcript) Complete Story »
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Joe Kunkle submits:Much like a skipjack, a triggering mechanism that causes mine cars to dump loads of coal in a mine, traders have been dumping coal stocks since peaking in July. However, the fundamentals of the industry are still intact and coal stocks are likely to provide huge investment returns over the next 3 to 5 years. Yesterday, Peabody Energy (BTU) announced earnings that absolutely shocked the Street, beating the consensus on EPS and Revenues easily, and raising guidance for the year. When a major industry leader provides such a bright outlook, it is likely that the bottom in the industry has occurred. The most important statement to come out of the earnings announcement was that “the easing of demand growth is likely to be offset by diminished global coal supply”. Demand is the key driver for coal stocks and worries about slowdowns in china have led investors to oversell all of the coal stocks. However, emerging markets such as Russia, South Africa, and Indonesia are seeing robust demand for coal. Complete Story »
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Hard Assets Investor submits: By Julian Murdoch A while ago, energy and energy stocks were the hottest thing since Google. But that bubble may have burst - or has it? Complete Story »
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Dan Tierno submits:Yesterday, I went into my backyard to grill some tasty treats, as it was a pleasant evening and...well...grilled food be good. As I cleaned out my Weber to start my fire, I went into my shed to pick up some fuel for the fire - and lo and behold nothing was there. My coal was stolen. I figured, why steal coal now? I mean, coal shares are in the midst of a nasty correction. Why in the world would anyone want to try to catch that falling knife? In such a situation most people would have just went out and bought more charcoal, but not me. I had a hunger - but not for burgers. Complete Story »
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Sean Butler submits:Continued poor performance by the very sector that acts as the glue for capital markets has a nasty habit of unhinging the markets all together, creating wide instability across a menu of sectors, asset classes, and the market in general. It’s unfortunate then for bulls that financials will continue to serve as the market’s 800 pound anchor, dragging stocks down at worst, and keeping them from moving forward at best. Many traders are now cautiously calling a bottom on financials, but they will have to keep searching, because the end ain’t here yet. While valuations on financials have come down quite a bit, and large sums of money have been written off, there is still plenty of turmoil to come. Ordinary people are struggling with rising commodities prices, increasing monthly mortgage payments and an upward trend in inflation. They are struggling to make credit card payments and cover their mortgage payments in full every month. Plenty of people are walking away from homes they have sunk tens of thousands of dollars into. Complete Story »
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 Arch Coal (ACI) is expected to report Q2 earnings before market open Friday, July 25, with a conference call scheduled for 11:00 a.m. ET.
GuidanceAnalysts are looking for EPS of 64c on revenue of $737.07M. The consensus range is 51c to 82c for EPS, and $659.50M to $802.51M for revenue, according to First Call. Shortly after reporting Q1 earnings, Arch Coal said that it expects record performance in 2008. The company projected FY08 EPS of $2.40 to $2.80, EBITDA of $745M to $845M and capital spending of $310M to $340M. The consensus estimate for 2008 EPS is $2.67. Complete Story »
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The Gold Report submits:In Part II of our Roger Wiegand (Trader Tracks) interview, he gives his latest viewpoint on commodities and where one might want to invest, including gold and mining equities. Buckle your seat belts as the economy continues to experience severe turmoil...Wiegand sees an ever-harsher reality looming. That bodes well for gold, as Wiegand predicts the onset of the biggest gold and silver rally in history. In Part I, Despite Economy's Ills, Commodity Rally Has a Long Way to Go(7/15/08), Roger gave us his take on what is happening in the economy and what's on the horizon. In Part II, he gives his latest viewpoint on commodities and where one might want to invest, including gold and mining equities. TGR: We were talking about all of these wonderful events — the potential depression, the potential Israeli attack, the financial markets going down, and how that will drive gold up. We’ve heard arguments both for holding physical gold as a hedge against inflation, or any kind of catastrophic events, and also as an argument for holding gold equities. What is your viewpoint on owning gold and owning equities? Complete Story »
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