New S&P 500 Trend Signal & Macro Model Introduction
November 30, 2023
The S&P 500 is in a short-term overbought state as indicated by the overbought signal on Friday, Nov. 17, 2023
Category: Updates
Metallurgical Comps
November 14, 2023
I spent some time updating metallurgical producer financial models today, so this will be a chart heavy post.
Glencore’s Acquisition of Teck’s Met Unit
November 14, 2023
Glencore has acquired a 77% stake in Teck Resources’ EVR for $6.93 billion.
Alpha & Warrior Q3 Results
November 3, 2023
Alpha reported net income of $6.65 per share, surpassing analysts’ estimates but that’s mainly due to the buybacks making less shares.
Alpha & Warrior Pre-Earnings Setup
November 1, 2023
Earnings schedule: Warrior earnings later today following the market close at 4:30 pm ET. Alpha earnings tomorrow morning, before the bell.
Seaborne Thermal Coal Prices Tumble
October 31, 2023
European natural gas inventories are basically 99% full ahead of the mandated filling target of 90% capacity by November 1.
Arch Post-Earnings Thoughts
October 29, 2023
Arch reported net income of $3.91 per diluted share, meeting analysts’ estimates but down from $8.68 in the same period last year.
Peabody Post-Earnings Thoughts
October 27, 2023
After Peabody released earnings on Thursday morning, the market sold the stock off heavy and there wasn’t a good reason why.
Tomorrows Earnings Predictions
October 25, 2023
We kick it off tomorrow (Thursday morning) with Arch at 10 am and Peabody at 11 am.
The PRB & US Power Plant Retirements
October 25, 2023
I’ve been hearing about US power plant retirements in the pipeline and although I knew it would hit the Powder River Basin (PRB) the hardest.