Peabody’s (BTU US) is primarily a Thermal Coal producer, used in power generation, though 30% of their production does come from Met coal. The stock surged well over 7% overnight as interest returned to coal stocks and the energy sector in general. Subscribers can investigate US stocks on the MM website; search by company name or code in the top panel, navigating to a specific company page on the stock with heaps of useful financial and consensus data, and a history of our Opinions + Actions.
- We are bullish on BTU, initially looking for fresh 2024 highs or ~15% higher – MM holds BTU in our International Equities Portfolio.
MM is long and bullish towards BTU
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