Here the WSJ announces some surprisingly bright coal news:
CSX Corp. reported improving demand trends for the current quarter in many of its markets, particularly for coal, which in recent years has seen shipment declines that have hit results across the railroad sector.
The railroad operator’s shares, up 18% in the past month, rose 3% to $35.90 in recent trading.
Stocks of coal-related companies have climbed since the election of Donald Trump, whose campaign included promises to revive the U.S. coal industry.
Coal volume has stabilized from the third quarter and is essentially unchanged so far during the current quarter.
Why Trump’s victory is a win for coal miners
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Dick Young
Richard C. Young is the editor of Richard C. Young’s Intelligence Report, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
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