Arch Coal (NYSE: ACI) Jumps +20% After Solid Earnings Call

Tomahawk, WI 7/27/12 (StreetBeat) – Arch Coal, Inc. (NYSE: ACI) is up nearly 20 percent at $6.26 per share on heavy volume of nearly 20 million shares, as I write.

The company’s earnings call started at 11:00 am ET today and must have pleased investors.

Arch Coal’s stock is down quite a bit from its 52-week high of $26.50 per share in August of last year, but hopefully this is a sign of good things to come.

Arch Coal is a top five global coal producer and marketer. Arch is the most diversified American coal company, with mining complexes across every major U.S. coal supply basin. Its core business is supplying cleaner-burning, low-sulfur thermal and metallurgical coal to power generators and steel manufacturers on five continents.

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Arch Coal (NYSE: ACI) Jumps +20% After Solid Earnings Call

Tomahawk, WI 7/27/12 (StreetBeat) – Arch Coal, Inc. (NYSE: ACI) is up nearly 20 percent at $6.26 per share on heavy volume of nearly 20 million shares, as I write.

The company’s earnings call started at 11:00 am ET today and must have pleased investors.

Arch Coal’s stock is down quite a bit from its 52-week high of $26.50 per share in August of last year, but hopefully this is a sign of good things to come.

Arch Coal is a top five global coal producer and marketer. Arch is the most diversified American coal company, with mining complexes across every major U.S. coal supply basin. Its core business is supplying cleaner-burning, low-sulfur thermal and metallurgical coal to power generators and steel manufacturers on five continents.

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Zynga (Nasdaq: ZNGA) is Withering on the Vine

Northern, WI 7/26/2012 (StreetBeat) -- Zynga is losing time, losing players and is losing share value to the tune of almost 40% in morning trading. See Full Disclaimer

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3 Things to Consider While Trading Today

Tomahawk, WI 7/26/12 (StreetBeat) – *Stocks were mixed in Asian trade. The Nikkei rose 0.9% and Australia was up about 0.6%, but the Hang Seng was essentially flat and Shanghai fell a half percent. European markets all rallied this morning when the ECB boss gave a “whatever it takes” comment, in particular Spain and Italy are up three and four percent respectively. US stock futures also caught a bid after Draghi spoke and are now up about one percent.

*With the turn of a phrase ECB boss Draghi rallied stock markets everywhere and debt in the Euro Zone periphery. In the last couple of hours he said; “Within our mandate, the ECB is ready to do whatever it takes to preserve the euro, and believe me, it will be enough.” In his London speech he said the euro is irreversible and that one should not underestimate the political capital in the euro. Spanish and Italian debt yields have fallen sharply in the aftermath of the comments, but at the moment Spain’s 10 Year market is straddling seven percent.

*The June reading of Germany’s Import Price Index is -1.5% year on year, well below the estimate of -0.9%.

*The weekly report on Initial jobless claims is due out at 7:30am CDT, it is expected to be 380k. Also due out at 7:30am is the June reading of Durable Goods Orders. Headline Orders is expected to be up 0.3% month on month and Orders ex-transportation are forecast to be +0.1%. The June reading of Pending Home Sales is due out at 9:00am CDT, it is expected to be +0.3% on the month.

*The weekly report on inventories of Natural Gas is due out at 9:30am CDT, it is expected to show an increase of 26 bcf.

*The July reading of the Kansas City Fed Manufacturing Activity Index is due out at 10:00am CDT, it is expected to improve by one point on the month to 4.

*The Fed is scheduled to buy Treasuries today that are due to mature between 2/15/36 and 5/15/42; the results of the operation will be announced just after 10:00am CDT.

*The Treasury plans to sell $29 billion 7 Year Notes today; the auction results will be announced just after noon CDT.

StreetBeat Disclaimer

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3 Things to Consider While Trading Today

Tomahawk, WI 7/26/12 (StreetBeat) – *Stocks were mixed in Asian trade. The Nikkei rose 0.9% and Australia was up about 0.6%, but the Hang Seng was essentially flat and Shanghai fell a half percent. European markets all rallied this morning when the ECB boss gave a “whatever it takes” comment, in particular Spain and Italy are up three and four percent respectively. US stock futures also caught a bid after Draghi spoke and are now up about one percent.

*With the turn of a phrase ECB boss Draghi rallied stock markets everywhere and debt in the Euro Zone periphery. In the last couple of hours he said; “Within our mandate, the ECB is ready to do whatever it takes to preserve the euro, and believe me, it will be enough.” In his London speech he said the euro is irreversible and that one should not underestimate the political capital in the euro. Spanish and Italian debt yields have fallen sharply in the aftermath of the comments, but at the moment Spain’s 10 Year market is straddling seven percent.

*The June reading of Germany’s Import Price Index is -1.5% year on year, well below the estimate of -0.9%.

*The weekly report on Initial jobless claims is due out at 7:30am CDT, it is expected to be 380k. Also due out at 7:30am is the June reading of Durable Goods Orders. Headline Orders is expected to be up 0.3% month on month and Orders ex-transportation are forecast to be +0.1%. The June reading of Pending Home Sales is due out at 9:00am CDT, it is expected to be +0.3% on the month.

*The weekly report on inventories of Natural Gas is due out at 9:30am CDT, it is expected to show an increase of 26 bcf.

*The July reading of the Kansas City Fed Manufacturing Activity Index is due out at 10:00am CDT, it is expected to improve by one point on the month to 4.

*The Fed is scheduled to buy Treasuries today that are due to mature between 2/15/36 and 5/15/42; the results of the operation will be announced just after 10:00am CDT.

*The Treasury plans to sell $29 billion 7 Year Notes today; the auction results will be announced just after noon CDT.

StreetBeat Disclaimer

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Zynga (Nasdaq: ZNGA) and Farmville Feeling a 'Drought' of Their Own

Tomahawk, WI 7/26/12 (StreetBeat) – Zynga (Nasdaq: ZNGA) is having a terrible pre-market day this morning down more than 40 percent at $3.04 per share on volume of more than 4.5 million shares, as I write.

Many analysts slashed their ratings and price targets after Facebook (Nasdaq: FB) changed the way users find games on its platform. They essentially made it harder to find older games like “FarmVille” and “Hidden Chronicles” that Zynga relies on heavily to keep its social media ship afloat.

Zynga is down more than 60 percent since March and has a range between $4.45 and $15.91 per share. Market cap is $3.75 billion and Zynga averages just fewer than 24 million shares traded per day.

This doesn’t look pretty for Facebook, who is slated to report its second quarter earnings after the market close today.

StreetBeat Disclaimer

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Zynga (Nasdaq: ZNGA) and Farmville Feeling a 'Drought' of Their Own

Tomahawk, WI 7/26/12 (StreetBeat) – Zynga (Nasdaq: ZNGA) is having a terrible pre-market day this morning down more than 40 percent at $3.04 per share on volume of more than 4.5 million shares, as I write.

Many analysts slashed their ratings and price targets after Facebook (Nasdaq: FB) changed the way users find games on its platform. They essentially made it harder to find older games like “FarmVille” and “Hidden Chronicles” that Zynga relies on heavily to keep its social media ship afloat.

Zynga is down more than 60 percent since March and has a range between $4.45 and $15.91 per share. Market cap is $3.75 billion and Zynga averages just fewer than 24 million shares traded per day.

This doesn’t look pretty for Facebook, who is slated to report its second quarter earnings after the market close today.

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