S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Media

Cramer Thinks Lumps of Coal Make a Good Gift (ACI, CNX, BTU)

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

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.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Half of America Still Feels Financially Exposed Despite 8% Jump in Security
David Beren |

Half of America Still Feels Financially Exposed Despite 8% Jump in Security
52% of Americans Are Building Wealth While Ignoring Their Greatest Risk
David Beren |

52% of Americans Are Building Wealth While Ignoring Their Greatest Risk

Continue Reading

Paul Ausick |

Peabody Story Drags Coal Stocks Lower (BTU, ANR, ACI, CNX, JRCC, WLT, CLD)

ThinkstockPeabody Energy Corp. (NYSE: BTU) reported fourth quarter and full-year 2012 results yesterday that were objectively awful, but not bad…
Douglas A. McIntyre |

Cramer’s Energy Trade

On today’s STOP TRADING segment on CNBC, Cramer has an energy trade.  On Arch Coal (ACI-NYSE) Cramer said these have…
Paul Ausick |

Coal Stocks: The New Solar Sector or a Value Choice? (BTU, CNX, WLT, ANR, ACI, JRCC, PCX, CLD, KOL)

Coal stocks are taking another hit today, although there has been a slight bounce in the late morning. Buyers must…
Paul Ausick |

Coal Miner Peabody at 10-Year Low, Drags Down Other Miners

Goldman Sachs downgraded Peabody Energy, claiming that prices for metallurgical coal have not yet hit a bottom.
Jon C. Ogg |

Coal Sector Has Much More Than Arch’s Earnings Signal (ACI, BTU, MEE, ICO, PCX, CNX, KOL)

Like demand for crude oil, demand for coal is being driven by China. The government’s recent decision to limit domestic…
Jon C. Ogg |

Coal Leaders Now at Huge Selective Discounts to Book Value

ThinkstockWith new Obama-led EPA rules for coal-powered electric utilities out, investors and traders have had yet one more reason to…
Paul Ausick |

Coal Stands to Lose Even More Following Court Ruling (PCX, ANR, ACI, BTU, JRCC, WLT, CNX, CLD, KOL)

An appeals court in the District of Columbia has ruled that the US Environmental Protection Agency was “unambiguously correct” in…
Paul Ausick |

Earnings Surprise Brings Coal Sector Back into Focus

ThinkstockShares of Peabody Energy Corp. (NYSE: BTU) rose as much as 3.2% this morning after the company posted first-quarter earnings…
Paul Ausick |

Peabody Energy Stock Makes a Run After Awful Earnings

ThinkstockWhen Peabody Energy Corp. (NYSE: BTU) reported second-quarter results Tuesday morning, the per share loss was worse than expected and…

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618