Coal Shares In Freefall on China Worries (YZC, WLT, ACI, JRCC, BTU, KOL, SLX)

Tickerspy’s Coal Index

COAL INVESTING IDEAS

• Popular long ideas: BTU, ACI, PCXCQ
• Popular short ideas: ACI, PCXCQ, BTU
• Top dividend plays: RNO, YZC, NRP
• Pro favorites: BTU, CNX, SXC

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COAL COVERAGE

Coal is a key fossil fuel for use in electricity generation

• Patriot Coal Slides Again After Goldman Downgrade (PCX, AHGP, ARLP, BTU, CNX, ACI, ANR, CLD)
• Peabody CEO Bullish On Coal, Cramer Likes The Stock (BTU, MT, ACI, ANR, WLT, JRCC, NRP)
• Shareholder Urges Walter Energy Sale; Citi Loves Coal Stocks (WLT, BTU, MT, ACI, NRP, AHGP, ANR, CNX, JRCC, CLD)

COAL CHART

COAL METRICS

Avg. Market Cap:	$1.9B
Avg. P/E Ratio:	11.3
Avg. Div Yield:	3.1%

Stocks sold off on Tuesday as traders fled for safety amidst the latest wave of global economic pessimism. According to Bloomberg, China’s Shanghai Composite Index slid by -4.3% overnight and domestic benchmarks are tumbling by more than -2% on concerns that Chinese economic growth may be slowing. Coal shares were among the hardest hit as energy commodities sold off and prospects of waning Chinese expansion curbed investors’ appetite for the power plant fuel and steelmaking ingredient.

As a whole, the Coal Stocks Index is falling by -5% for the session with Chinese player Yanzhou Coal Mining (YZC) leading the decline. The stock is now off by -17% over the past five sessions.

Elsewhere in the sector Walter Energy (WLT), Arch Coal (ACI), James River Coal Company (JRCC), and sector giant Peabody Energy (BTU) are all off by -5% or more.

Meanwhile, the Market Vectors-Coal ETF (KOL) is today’s worst performer in the Commodity ETFs Index, but the Market Vectors Steel Index Fund (SLX) is close behind.

Investors can track the Coal Stocks Index for performance trends, Pro holdings data, and a suite of other metrics at tickerspy.com.

Tags: ACI, BTU, JRCC, KOL, SLX, WLT, YZC