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Peabody Energy (BTU -4.8%) gives back most of yesterday's 7.7% gain from better-than-expected Q1...

Peabody Energy (BTU -4.8%) gives back most of yesterday's 7.7% gain from better-than-expected Q1 results. Coal shares rallied broadly on the news as the modestly positive data was a relief for investors fearing the worst, but today the realization is that challenges remain for the coal markets. WLT -6.4%, ANR -3.9%, CLD -3.6%, CNX -2.8%, ACI -2.6%, CLF -1.9%.
Comments (4)
  • maudie
    , contributor
    Comments (478) | Send Message
     
    challenges remain: Obama
    19 Apr 2013, 12:31 PM Reply Like
  • nemonemo
    , contributor
    Comments (323) | Send Message
     
    Same challenge for rest of the economy to grow.
    19 Apr 2013, 03:01 PM Reply Like
  • XRTrader
    , contributor
    Comments (609) | Send Message
     
    I find this news story funny, just because its hard to rationally describe why BTU would be up 7% yesterday and then down 6% today...
    19 Apr 2013, 03:22 PM Reply Like
  • Skaterdude
    , contributor
    Comments (729) | Send Message
     
    Well, see, there's your problem: the markets aren't rational. People are emotional, and people drive the markets!
    20 Apr 2013, 11:42 AM Reply Like
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