Shares of coal companies are trading lower amid a drop in the price of the commodity. Weakness may be due to August's ISM Manufacturing PMI data indicating an economic contraction and pending non-farm payrolls data that may determine the size of future rate cuts.
Portfolio Pulse from Benzinga Newsdesk
Coal company shares are declining due to a drop in coal prices, influenced by economic contraction signals from August's ISM Manufacturing PMI data and anticipation of non-farm payrolls data affecting future rate cuts.
September 03, 2024 | 4:57 pm
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NEGATIVE IMPACT
AMR shares are declining due to falling coal prices, influenced by economic contraction signals.
AMR, as a coal company, is directly affected by the drop in coal prices, which is driven by economic contraction signals from ISM Manufacturing PMI data.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
ARCH shares are negatively impacted by the decline in coal prices due to economic contraction signals.
ARCH is affected by the drop in coal prices, which is linked to economic contraction signals from ISM Manufacturing PMI data.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
ARLP shares are trading lower due to a decrease in coal prices, influenced by economic contraction signals.
ARLP is impacted by the decline in coal prices, driven by economic contraction signals from ISM Manufacturing PMI data.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
BTU shares are down due to falling coal prices, influenced by economic contraction signals.
BTU is affected by the drop in coal prices, which is linked to economic contraction signals from ISM Manufacturing PMI data.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
CEIX shares are negatively impacted by the decline in coal prices due to economic contraction signals.
CEIX is impacted by the decline in coal prices, driven by economic contraction signals from ISM Manufacturing PMI data.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
HCC shares are trading lower due to a decrease in coal prices, influenced by economic contraction signals.
HCC is affected by the drop in coal prices, which is linked to economic contraction signals from ISM Manufacturing PMI data.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
METC shares are down due to falling coal prices, influenced by economic contraction signals.
METC is impacted by the decline in coal prices, driven by economic contraction signals from ISM Manufacturing PMI data.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80