JRCC
JRCC Articles
The stock market is down Wednesday, with the Dow Jones Industrial Average down 1.68%, the Nasdaq down 1.80% and the S&P 500 down 1.72%. Despite this, trading volume was light, with only one...
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ThinkstockJames River Coal Co. (NASDAQ: JRCC) reported third-quarter 2012 earnings this morning. The mining company posted a net loss of $0.59 per share on revenues of $288.1 million. In the same...
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U.S. equity markets opened higher this morning as investors seemed to prefer a little risk trading on U.S. election day. Asian markets were cautious ahead of today’s elections, while in Europe some...
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As natural gas prices rise along with a forecast for a colder winter in the U.S., U.S. coal stocks have benefited from a burst of enthusiasm since early October. Share prices have jumped as much as...
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Following Governor Romney’s statement in Wednesday night’s presidential debate that, “I love coal,” coal stocks got a nice boost in yesterday’s trading, with shares rising nearly 12% at...
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Yesterday’s FOMC decision to provide more stimulus for the U.S. economy pushed stocks higher in every sector. The energy sector has done better than most as investors believe that economic growth...
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We noted earlier this morning that China’s National Development and Reform Commission has approved a plan to spend RMB1 trillion (about $158 billion) on infrastructure projects in an effort to...
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The three major US stock indexes opened mixed this morning following a wealth of data on the Chinese economy. The short version is that the economy is slowing so much and inflation is so low that the...
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The three major US stock indexes opened lower this morning following on softness in European markets and a mixed close in the Asian markets. There has been little data for investors to chew on over...
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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 giant reported a loss...
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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 year...
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Billionaire Wilbur Ross, who founded International Coal Group in 2005 and sold the company to Arch Coal Inc. (NYSE: ACI) last year for $3.4 billion, told Bloomberg News that current problems in the...
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The three major US stock indexes opened higher this morning on reports of a new bailout for Spanish banks and a 24-basis point drop on 10-year Spanish bond yields (our coverage here). The dollar...
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Stocks are mixed today, with the Dow Jones Industrial Average is up 0.11%, the Nasdaq down 0.43% and the S&P 500 down 0.18% as of late morning. The big trading occurs on the losing side though....
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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 DJ broad...
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