Stock Tickers: ACI, CNX, BTU
Tonight on CNBC’s Mad Money, Jim Cramer said that recent pushes out of Democrats are now backing new coal initiatives for coal and for converting coal to fuel. Since we are coal rich and it is accessible easily in the US, he’s behind it and the Goldman Sachs downgrade this morning only helped this value for new investors. His two coal producers in the sector are Arch Coal (ACI-NYSE) and CONSOL Energy (CNX-NYSE). Archstone is riskier because their coal is somewhat uncommitted in 2008 and 2009. Cramer did say that CONSOL could even try to covert to a Master Limited partnership.
But Cramer’s favorite coal stock is Peabody Energy (BTU-NYSE). He likes where it is placed and he thinks coal will rise to catch up to oil as far as gains. Peabody can sell to China and India and its down over $9.00 from its highs. The company is also going to spin off its Appalachian assets to focus on growth, and that will take the stock higher when it occurs. He thinks it has 41 years of production in reserves.
Jon C. Ogg
June 18, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
The Average American Has No Idea How Much Money You Can Make Today (Sponsor)
The last few years made people forget how much banks and CD’s can pay. Meanwhile, interest rates have spiked and many can afford to pay you much more, but most are keeping yields low and hoping you won’t notice.
But there is good news. To win qualified customers, some accounts are paying almost 10x the national average! That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 3.80% with a Checking & Savings Account today Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.
Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 4.00% with a Checking & Savings Account from Sofi. Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.